BlackRock Bitcoin ETF overtakes the largest Silver Trust with $10 billion AuM
Exchange-traded funds (ETFs) based on Bitcoin are rapidly moving up the commodity ETFs leaderboard. 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.
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