Breaking: BlackRock Bitcoin ETF Overtakes the Largest Silver Trust with $10B AuM

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  • 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.

Following closely is Fidelity WiseOrigin Bitcoin ETF with an AuM of $6.55 billion, recording a comparable 35.2% YTD gain like BlackRock. Effectively, BlackRock and Fidelity’s Bitcoin spot ETFs rank above the investment vehicles of SPDR Gold MiniShares Trust and Invesco Diversified Commodity Strategy, which have AuM of $6.325 billion and $4.465 billion, respectively.

Also, they rank above abrdn Physcial Gold Shares ETF, which has a YTD AuM of $2.685 billion. Meanwhile, at position nine of the commodity ETF leaderboard was ARK 21Shares Bitcoin ETF. It has an AuM of $2.175 billion, ranking above Invesco DB Commodity Index Tracking, with a 35.2% gain since January.

Similarly, at position 11, Bitwise Bitcoin ETF ranked above the United States Oil Fund and U.S. Natural Gas Fund. On the YTD scale, the United States Oil Fund was the only commodity with a positive gain like the Bitcoin ETFs. Meanwhile, the U.S. Natural Gas Fund recorded the most significant decline, with 18.4% negative growth since January.

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