Grayscale's GBTC Retains 'World's Largest Bitcoin ETF' Title with 288,993 BTC

IconCryptoNewsTerminal Staff29 May, 2024

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Grayscale's GBTC Retains 'World's Largest Bitcoin ETF' Title with 288,993 BTC

Grayscale's Bitcoin spot ETF, GBTC, has once again defended its title as the "world's largest Bitcoin ETF" by increasing its BTC holdings to 288,993.1457 as of February 28th (local time). This move dethroned BlackRock's IBIT, which briefly overtook GBTC's BTC holdings for the first time ever. Currently, IBIT holds 288,670.8616 BTC. GBTC's recent update ensures that it maintains its position as the leading Bitcoin ETF, offering investors exposure to the cryptocurrency without having to purchase and store it directly.