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Grayscale Bitcoin Trust Generates $269M Annually, Surpassing All U.S. Spot Bitcoin ETFs Managing $89B; BlackRock’s IBIT Holds 589K BTC

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Grayscale Bitcoin Trust Generates $269M Annually, Surpassing All U.S. Spot Bitcoin ETFs Managing $89B; BlackRock’s IBIT Holds 589K BTC

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  • Bitcoin.com News
  • Cointelegraph
  • Bitcoin News

9 posts • GPT (4.1 mini)

Updated

Nearly 16 months after the launch of U.S. spot Bitcoin exchange-traded funds (ETFs), the Grayscale Bitcoin Trust ETF (GBTC) continues to lead in revenue generation, producing approximately $268.9 million annually from its 1.5% fee on $17.9 billion in assets under management (AUM). This revenue surpasses the combined $211.8 million generated by all other U.S. spot Bitcoin ETFs, which collectively manage $89 billion in assets.
BlackRock’s IBIT ETF holds 588,686.91 BTC, valued at $55.3 billion, controlling 5.77% of the total Bitcoin supply. Recently, the gap between BlackRock’s IBIT and MicroStrategy’s Bitcoin holdings narrowed to just 20,000 BTC, with IBIT holding 573,869 BTC and MicroStrategy holding 553,555 BTC. Despite charging fees six times higher than competitors, Grayscale's GBTC maintains its dominance in revenue generation within the Bitcoin ETF market.

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#Bitcoin#Grayscale Bitcoin Trust ETF#GBTC#BlackRock#MicroStrategy#IBIT#Grayscale

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Sources

decrypt.co(2)
    Mario Nawfal’s Roundtable
    Mario Nawfal’s RoundtableTwitter verified badge
    @RoundtableSpace

    THE GAP BETWEEN BLACKROCK’S IBIT AND STRATEGY IS DOWN TO JUST 20,000 $BTC. $IBIT: 573,869 BTC $MSTR: 553,555 BTC Source: @Cointelegraph https://t.co/wcEMSyXoll

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    Cointelegraph
    CointelegraphTwitter verified badge
    @Cointelegraph

    📊 JUST IN: The gap between BlackRock’s IBIT and Strategy is down to just 20,000 $BTC. $IBIT: 573,869 BTC $MSTR: 553,555 BTC https://t.co/59J5ZRVv4q

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    Gabor Gurbacs
    Gabor GurbacsTwitter verified badge
    @gaborgurbacs

    So all big name Bitcoin ETFs combined make about as much revenue in a year as a major league sports team (eg baseball) or Tether in 2 weeks. More than half of that revenue goes to Grayscale, which makes more money a year than all other big ETF providers combined. https://t.co/TLE4LG4AZl

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Story Timeline

  • •Latest version
    Grayscale Bitcoin Trust Generates $269M Annually, Surpassing All U.S. Spot Bitcoin ETFs Managing $89B; BlackRock’s IBIT Holds 589K BTC
  • •Original version
    Grayscale’s GBTC Generates $268.9 Million Annually, Outpaces All Other Spot Bitcoin ETFs Combined

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