Blackrock spot Bitcoin and ETH ETF products surpassed for the first time all ETFs products from Grayscale including, GBTC, BTC Mini, ETHE and ETH mini in on-chain holdings. This is a milestone reached by Blackrock as, different from Grayscale who is a converted fund into ETF, they didn't started with any Bitcoin on their portfolio.

It seems Blackrock plan to secure the most Bitcoin and Ethereum to feed their mass investors in resulting and they are becoming so powerful in the space that slowly are grabbing significant percentual of the market dominance. They HODL together (Bitcoin and Ethereum holdings) $21,217,107,987 to feed their customers.

In other hand, Grayscale Hold $21,202,480,698 in assets. This will likely prompt to Blackrock to keep bagging more as different from Grayscale, their customers are more strong holders and believe that Bitcoin and Ethereum ETFs products from Blackrock are more suitable than the Grayscale one.

Grayscale saw in their products large outflows, first, on their Bitcoin product which gave been said due to their fees policies. Now with their ETH ETF the trend still continues. The interesting part of this is that most of outflows found on Grayscale were then invested in Blackrock products. This means, Blackrock have better policy that Grayscale and that will continue to attract more customers and keep their Fund growing.

N.b: there's a discrepancy on values in grayscale on-chain metrics making them hold more funds than Blackrock but in fact that 460 million dollars is from a fund that isn't ETF.

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