BlackRock's IBIT ETF May Outperform GBTC Post Bitcoin Halving

By: Isha Das

The BlackRock's IBIT ETF is currently on a trajectory that may lead to it outperforming Grayscale's Bitcoin Trust (GBTC) following the recent Bitcoin halving. The lead of GBTC, which was reduced by half within a week, now stands at an estimated $2.3 billion, indicating the rapid pace of growth seen by the IBIT ETF.

Meanwhile, excitement over Bitcoin ETFs recently approved in Hong Kong has been tempered by indications that investors from mainland China may not be permitted to buy into them. This information has elicited disappointing responses within the investor community, who were previously excited about these funds.