BlackRock's ETF could flip GBTC in Bitcoin holdings within 3 weeks

BlackRock’s Bitcoin ETF could flip Grayscale’s Bitcoin Trust in terms of total Bitcoin held within the next 3 weeks.

BlackRock’s spot Bitcoin ETF could soon surpass the Grayscale Bitcoin Trust in Bitcoin held within 14 trading days, based on current rates.

Meanwhile, Grayscale’s Bitcoin Trust reports that it still holds an estimated 350,252 BTC — worth $23 billion at current prices. It has been experiencing an average daily outflow of roughly $277 million, or roughly 4,140 BTC daily, over the last fortnight.Assuming no drastic changes in the rate of the inflows and outflows, BlackRock could overtake Grayscale in terms of total Bitcoin held by April 11.

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