📢 Big news in the crypto world! The Grayscale Bitcoin Trust (GBTC), the largest Bitcoin ETF, saw a net inflow of $63 million on Friday - the first increase since its launch in January.
This comes after GBTC faced stiff competition from nine new spot Bitcoin ETFs, leading to a significant drop in its Bitcoin holdings. Despite this, GBTC still holds the title of the largest Bitcoin ETF with $18.1 billion in assets.
However, it's not all smooth sailing. BlackRock's iShares Bitcoin Trust (IBIT) is hot on its heels with $16.9 billion in assets.
What's your take on this? Will GBTC maintain its lead or will IBIT take over? Let's discuss in the comments! 💬💰