🧵 1. BlackRock and Fidelity's bitcoin ETFs control 69% market share, overtaking Grayscale as dominant players in cumulative trading volume and assets under management. #crypto
🧵 1. BlackRock and Fidelity's bitcoin ETFs control 69% market share, overtaking Grayscale as dominant players in cumulative trading volume and assets under management. #crypto
🧵 2. Grayscale's market share fell to its lowest as BlackRock and Fidelity dominated trading volume on Friday, capturing nearly 80% of total assets under management.
🧵 3. BlackRock's bitcoin ETF represented nearly 47% of trading volume, while Grayscale's market share decreased to less than 20%, showcasing a changing landscape.
🧵 4. Grayscale's higher fees and competition from BlackRock and Fidelity mark a shift as these ETFs gather significant assets under management, surpassing GBTC size.
🧵 Read more at: https://www.theblock.co/post/281742/blackrock-and-fidelitys-spot-bitcoin-etfs-nab-69-of-market-share-eroding-grayscales-dominance