BTC ETFs Dominate The Market And Overtake The Largest Silver Trusts

ETFs (Exchange Traded Funds) tied to Bitcoin (BTC) are swiftly climbing the ranks among commodity ETFs, surpassing the largest silver trusts and aiming to overtake the leading gold trusts next. Recent data by HODL15Capital highlights a noteworthy achievement for the crypto sector, indicating that Bitcoin spot ETFs have exceeded Silver ETFs in terms of asset management size.

BlackRock And Fidelity On The Rise

Specifically, the BlackRock iShares BTC ETF has reached an AUM (Asset Under Management) milestone of $10.03 billion, marking a significant 35.2% gain year-to-date. In contrast, iShares Silver Trust (SLV) lags behind with an AUM of $9.626 billion, experiencing a 4.8% decline on a YTD basis. Essentially, the BlackRock Bitcoin ETF has surpassed the largest Silver Trust, with gold trusts remaining the next contenders.

Following closely is Fidelity WiseOrigin Bitcoin ETF, boasting an AUM of $6.55 billion and a comparable 35.2% annual gain like the BlackRock ETF. Consequently, both BlackRock and Fidelity saw their respective Bitcoin spot ETFs rank higher than SPDR Gold MiniShares Trust and Invesco Diversified Commodity Strategy, which have AUM of $6.325 billion and $4.465 billion, respectively.

Oil Market Making A Comeback

Both BlackRock and Fidelity outperformed the Physical Gold Shares ETF, which has a AUM of $2.685 billion. Positioned at ninth in the commodity ETF leaderboard is ARK 21Shares Bitcoin ETF, with an AUM of $2.175 billion, surpassing Invesco DB Commodity Index Tracking with a 35.2% gain since January.

Similarly, Bitwise Bitcoin ETF secures the 11th position, outperforming the United States Oil Fund and U.S. Natural Gas Fund. On an annual scale, the United States Oil Fund is the only commodity showing a positive gain like the Bitcoin ETFs, while the U.S. Natural Gas Fund records the most significant decline, with an 18.4% negative growth since January.