March 4, 2024

Bitcoin ETFs Surpass Silver Trusts in AUM, BlackRock Leads with $10 Billion

Bitcoin exchange-traded funds (ETFs) are making waves in the commodity market, outpacing traditional assets like silver trusts. BlackRock iShares Bitcoin ETF leads the charge with a staggering $10 billion in assets under management (AUM).

The rise of bitcoin exchange-traded funds (ETFs) is reshaping the landscape of commodity investments, with digital assets outpacing traditional commodities like silver. Recent data from HODL15Capital reveals a significant milestone in the crypto sphere: spot bitcoin ETFs have eclipsed silver ETFs in terms of asset management size.

Leading this charge is the BlackRock iShares Bitcoin ETF, boasting an impressive $10.03 billion in assets under management (AUM). This marks a substantial 35.2% gain year-to-date (YTD), solidifying bitcoin's position as a formidable contender in the investment arena.

In contrast, the iShares Silver Trust (SLV) lags behind with an AUM of $9.626 billion, reflecting a 4.8% decline YTD. The ascendance of BlackRock's bitcoin ETF over the largest Silver Trust signals a notable shift in investor sentiment towards digital assets.

Fidelity WiseOrigin Bitcoin ETF closely follows suit, commanding an AUM of $6.55 billion and mirroring BlackRock's impressive 35.2% YTD gain. Both BlackRock and Fidelity's spot bitcoin ETFs now overshadow traditional investment vehicles such as the SPDR Gold MiniShares Trust and Invesco Diversified Commodity Strategy, with AUM of $6.325 billion and $4.465 billion, respectively.

Further down the leaderboard, the abrdn Physical Gold Shares ETF holds a YTD AUM of $2.685 billion, while ARK 21Shares Bitcoin ETF boasts an AUM of $2.175 billion, outpacing Invesco DB Commodity Index Tracking. The emergence of bitcoin ETFs signifies a seismic shift in commodity investments, challenging established norms and paving the way for a new era of digital asset dominance.

In this dynamic landscape, even Bitwise Bitcoin ETF, positioned at 11th place, outshines traditional commodities like the United States Oil Fund and U.S. Natural Gas Fund. While the United States Oil Fund remains the only commodity with a positive YTD gain akin to bitcoin ETFs, the U.S. Natural Gas Fund faces an 18.4% decline since January, underscoring the unparalleled growth trajectory of digital assets in today's investment landscape.

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