After Grayscale’s converted product dominated spot bitcoin exchange-traded fund daily volumes for 14 days, BlackRock’s IBIT overtook GBTC for the first time on Thursday.

IBIT generated $303.97 million in daily trading volume yesterday, compared to $292.37 million for GBTC, according to The Block’s data dashboard. Fidelity’s FBTC was in third with $171.84 million. The remaining new spot bitcoin ETFs generated volumes of less than $100 million each.

Both BlackRock’s and Fidelity’s spot bitcoin ETFs were already closing in on GBTC’s daily trading volume earlier in the week, and at one point it appeared they would surpass Grayscale’s converted fund on Tuesday.

“BlackRock's IBIT is the first ETF to trade more than Grayscale's GBTC in a single day,” Bloomberg ETF analyst James Seyffart said