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The exchange-traded fund held $19.68 billion of token on Tuesday, overtaking Grayscale Bitcoin Trust's $19.65 billion, report said, citing data compiled by Bloomberg. BlackRock did not immediately respond to Reuters' request for comment, while Grayscale couldn't be immediately reached. The Securities and Exchange Commission, which is led by crypto skeptic Gary Gensler, rejected spot bitcoin ETFs for more than a decade over market manipulation worries, but approved them in January after Grayscale Investments won a court challenge last year.
Talks had recently started to try to end the long-running dispute.