BlackRock Captures More Institutional Demand with Lower Fees

BlackRock's iShares Bitcoin Trust (IBIT) has drawn fresh funds as Grayscale's Bitcoin Trust (GBTC) continues to bleed. Over the past 20 days, IBIT attracted about $1.08 billion in net inflows, according to Arkham Intelligence data.

This brings IBIT's total holdings to approximately 785,000 BTC and its assets under management above $60 billion. Meanwhile, GBTC has posted roughly $254.7 million in outflows during the same period, leaving it with about 130,000 BTC and assets near $10 billion.

The contrast between the two largest Bitcoin ETFs is largely due to cost differences. IBIT charges a 0.25% annual fee, while GBTC charges 1.5%. This has given large investors a clear reason to favor lower-fee products like IBIT.