According to ChainCatcher, Arkham issued a clarification on the X platform, and its on-chain tracking data showed that Grayscale's physical holdings were still higher than BlackRock's. This is mainly because the relevant data includes the Grayscale Fund GDLC, which has an asset management scale of approximately US$460 million, but is not an ETF.

Previously, data disclosed by Arkham stated that BlackRock's ETF holdings exceeded Grayscale Fund for the first time. This clarification gives the market a clearer understanding of the holdings of the two giants. Whether you are a novice or a veteran investor, understanding these dynamics will help you better grasp the pulse of the market. 📊