Race for Bitcoin ETF Dominance Tightens: Grayscale Vs. BlackRock

By: Eva Baxter

Grayscale and BlackRock are neck-to-neck in the race for Bitcoin ETF dominance. Their gap, which stands at 1.5 billion dollars, has narrowed by half over the last fortnight. The big question in the crypto investment world right now is: when will they flip?

Meanwhile, BlackRock's first tokenized offering is shaking up the market scenario. Made in collaboration with Securitize, this offering has garnered almost 30% of the 1.3 billion-dollar tokenized Treasury market in a short span of six weeks. In doing so, BlackRock's token overthrows Franklin Templeton's offering to become the largest tokenized Treasury fund, grossing at 375 million dollars.

The recent activities by both Grayscale and BlackRock have drawn attention. And while both have their own strategies to grab the lion's share of the Bitcoin ETF and tokenized market, the competition remains fierce and only time will predict the victor.