Coin Edition -
- Bitcoin ETFs are rapidly moving up the commodity ETFs leaderboard.
- BlackRock’s Bitcoin ETF overtook the largest silver trust in asset management size.
- BlackRock Bitcoin ETF achieves a monumental $10.03 billion in AuM.
Exchange-traded funds (ETFs) based on Bitcoin are rapidly moving up the commodity ETFs leaderboard, knocking out the largest silver trusts, with the largest gold trusts next in line. Recent statistics released by HODL15Capital reveal a significant milestone for crypto, noting that Bitcoin spot ETFs have surpassed Silver ETFs in asset management size.
In particular, BlackRock’s iShares BTC ETF has hit an asset under management (AuM) of $10.03 billion. On a year-to-date (YTD) scale, the figure represents a substantial 35.2% gain.
Meanwhile, iShares Silver Trust (SLV) ranks lower with an AuM of $9.626 billion. This figure reflects a 4.8% decline on a YTD scale. Essentially, BlackRock Bitcoin ETF has overtaken the largest Silver Trust, with only gold trusts next to beat.
Bitcoin ETFs are moving up the Commodity ETFs leaderboard. Note the YTD performance difference of $IBIT $FBTC $ARKB $BITB vs. $GLD $IAU $SLV $GLDM $PDBC $SGOL $DBC $USO $UNG pic.twitter.com/fg3vl4AJTj— HODL15Capital