--- title: "Did Ethereum ETFs help BlackRock surpass Grayscale’s holdings?" description: "BlackRock's ETFs have overtaken Grayscale's for the first time, reaching $1,217,107,987, compared to Grayscale's $1,202,480,698. This shift positions BlackRock as a leader in the ETF market. The crypt" type: "news" locale: "en" url: "https://longbridge.com/en/news/211863505.md" published_at: "2024-08-18T09:03:58.000Z" --- # Did Ethereum ETFs help BlackRock surpass Grayscale’s holdings? > BlackRock's ETFs have overtaken Grayscale's for the first time, reaching $1,217,107,987, compared to Grayscale's $1,202,480,698. This shift positions BlackRock as a leader in the ETF market. The cryptocurrency market reacted with significant ETF inflows, with Bitcoin ETFs experiencing a net inflow of $1.9 million, while Ethereum ETFs faced a net outflow of $0.352 billion. The approval of spot Bitcoin and Ethereum ETFs has led to soaring demand, as seen in the massive increase in net share issuance from 2022 to 2023. - *BlackRock surpassed Grayscale in ETFs holdings for the first time.* - *BlackRock ETFs hit $21,217,107,987, while Grayscale ETFs stood at $21,202,480,698 at press time.* BlackRock ETFs have made a historical shift, overtaking Grayscale ETFs for the first time. According to an X (formerly Twitter) post by Arkham Intelligence, > ” Rocket ETF holdings overtake Grayscale for the first time. BlackRock’s ETFs IBIT and ETHA have just overtaken Grayscale’s ETFs GBTC, BTC Mini, ETHE and ETH Mini in on-chain holdings. Blackrock ETFs now have the largest collective holdings of any provider.” This development positions BlackRock as the leader in the ETF market after overtaking Grayscale, which has been the dominant player for a long time. Source: Coinglass At press time, BlackRock’s total holdings hit $21,217,107,987, while Grayscale ETF’s total holdings followed closely behind at $21,202,480,698. ## Implications for Ethereum, Bitcoin Source: Coinglass The cryptocurrency market experienced significant movements in ETF flows since this news broke. Notably, spot Bitcoin \[BTC\] ETFs saw a net inflow of approximately $35.9 million, with notable contributions from Fidelity ($61.3 million) and BlackRock ($20.4 million). Meanwhile, Grayscale’s Bitcoin Trust (GBTC) saw an outflow of $72.9 million. Source: Coinglass Ethereum \[ETH\] ETFs saw major activities as well. Spot Ethereum ETFs recorded a net outflow of $15 million. Within the Ethereum ETFs, Grayscale’s ETHE had an outflow of $27.743 million, while BlackRock’s ETHA and Fidelity’s FETH had inflows of $10.33 million and $7.21 million, respectively. Therefore, the total net flow for ETH spot ETFs was $7.352 billion at press time. Source: Coinglass The shift in preference between BlackRock and Grayscale may significantly impact crypto, especially regarding investor confidence. ## Increased demand for ETFs The demand for ETFs has experienced exponential growth YoY. For instance, in 2022, the net share issuance of ETFs was $609 billion. In 2023, it was $597 billion. However, there has been a drastic surge in demand in 2024 since the approval of Bitcoin spot ETFs in January, and Ethereum spot ETFs in July. Source: Farside Investors ### Related Stocks - [03009.HK - BOS HSK ETH](https://longbridge.com/en/quote/03009.HK.md) - [03046.HK - CAM ETH](https://longbridge.com/en/quote/03046.HK.md) - [BLK.US - BlackRock](https://longbridge.com/en/quote/BLK.US.md) - [03179.HK - HGI ETH](https://longbridge.com/en/quote/03179.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Alberta Investment Management Corp Makes New $4.55 Million Investment in BlackRock $BLK | Alberta Investment Management Corp has made a new investment of approximately $4.55 million in BlackRock (NYSE: BLK), ac | [Link](https://longbridge.com/en/news/276426679.md) | | REG - BlackRock Group Just Group plc - Form 8.3 - Just Group plc | BlackRock, Inc. disclosed its position in Just Group plc, reporting ownership of 57,010,481 shares (5.48%) and cash-sett | [Link](https://longbridge.com/en/news/276458808.md) | | REG - BlackRock Group Spire Healthcare Grp - Form 8.3 - Spire Healthcare Group plc | BlackRock, Inc. disclosed its position in Spire Healthcare Group plc, reporting ownership of 11,837,554 shares (2.93%) a | [Link](https://longbridge.com/en/news/276458755.md) | | REG - Rosebank Industries - Holding(s) in Company | Rosebank Industries PLC announced a major holdings notification by BlackRock, Inc., indicating a change in voting rights | [Link](https://longbridge.com/en/news/276058081.md) | | REG - BlackRock Group Life Science REIT - Form 8.3 - Life Science REIT plc | BlackRock, Inc. disclosed its position in Life Science REIT plc, reporting ownership of 11,602,679 shares (3.31%) and ca | [Link](https://longbridge.com/en/news/276458747.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.