BlackRock is close to becoming the world's largest Bitcoin fund, and the gap between its holdings and Grayscale GBTC has narrowed to less than 15,000

BlackRock is close to becoming the world's largest Bitcoin fund. Since its launch four months ago, BlackRock's spot Bitcoin exchange-traded fund has amassed $16.7 billion in assets, second only to market leader Grayscale by less than $1 billion, which has a 10-year and $28 billion lead. Rob Goldstein, COO of BlackRock, revealed that entering the Bitcoin market has been a years-long, carefully considered journey aimed at bringing BlackRock's institutional quality to this ecosystem. According to official data from Grayscale, as of May 13th, the GBTC holdings were approximately 289,348.7762 BTC, while BlackRock's IBIT holdings as of May 10th were approximately 274,755.1419 BTC, a difference of about 14,593.6343 BTC.