Bitcoin ETF is gaining popularity, officially surpassing silver and challenging traditional commodity investments in managed assets.
The ETF market has witnessed significant changes as Bitcoin ETFs rapidly rise and challenge other commodity ETFs on the market.
Recent data from HODL15Capital reveals a major milestone for cryptocurrencies, as Bitcoin Spot ETFs have surpassed Silver ETFs in terms of managed assets (AuM).
Bitcoin ETFs on the rise
This development marks a turning point in the mainstream adoption of digital assets. BlackRock’s iShares BTC ETF, launched earlier this year, has accumulated an impressive $10.03 billion, representing a 35.2% increase as of the current time.
This increase has pushed iShares Silver Trust (SLV), previously the largest silver ETF, down to fourth place, with current AuM at only $9.63 billion.
Bitcoin ETFs are not limited to BlackRock. Fidelity’s WiseOrigin Bitcoin ETF is also experiencing strong growth, with AuM at $6.55 billion.
These two Bitcoin ETFs have surpassed long-standing commodity investment vehicles such as SPDR Gold MiniShares Trust and Invesco Diversified Commodity Strategy, further solidifying their positions.
Bitcoin ETFs surpass traditional commodities
Looking deeper into the rankings, ARK 21Shares Bitcoin ETF and Bitwise Bitcoin ETF continue to gain significant traction, ranking above both the Invesco DB Commodity Index Tracking and the US Oil Fund.
The rapid growth of Bitcoin ETFs highlights the increasing interest of investors in digital assets and their potential to disrupt traditional investment contexts in the market.
While gold remains the undisputed dominant commodity in the ETF market, the notable growth of Bitcoin ETFs is shaking the potential for future investments.
