Bitcoin ETF surpasses silver ETF to become second place commodity ETF

Hot pursuit of gold ETFs

About a week after trading began for the Bitcoin spot ETF, it appears that AUM (assets under management) has surpassed that of the silver ETF, making it the second-largest commodity ETF. The best one is gold ETF.

Comparative data was published on CC15Capital on the 17th, and as of the 17th, 10 Bitcoin spot ETFs had assets under management of 647,651 BTC ($27.5 billion). This number significantly exceeded the $11.5 billion silver ETF (5 stocks).

On the other hand, the difference has decreased since the 17th due to the continued outflow of BTC from Grayscale’s GBTC and the fall in the price of Bitcoin.

The AUM of gold ETFs was $96.3 billion across 19 stocks.

connection: JP Morgan analysis Will the profit taking of Bitcoin ETF “GBTC” further accelerate selling pressure?

GBTC currently holds the most physical Bitcoin, but this is a conversion from GBTC, an investment trust, to ETF, and it is predicted that the outflow of BTC from GBTC will continue in the future.

On the other hand, the brand with the most physical Bitcoin among all new stocks is BlackRock’s IBIT, which holds 25,067 BTC ($1 billion) as of the 18th.

connection: $2 billion worth of dormant Bitcoin moved after spot ETF trading begins

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