Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy BNB
BNB (BNB)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (POL)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)
Make crypto bots for trading

Bitcoin has surpassed silver to become the second-largest commodity ETF in the U.S.

Market and Events: Bitcoin has surpassed silver to become the second-largest commodity ETF in the U.S.

Spot bitcoin ETFs have overtaken silver-based exchange traded funds in terms of assets under management (AUM), according to ETF Database.

The recent approval of cryptoinvestment funds by the U.S. Securities and Exchange Commission (SEC) on January 10, 2024 marked a significant milestone. In just one day, the bitcoin-ETF reached an impressive trading volume of about $4.5 billion.

Within a week, the new investment product surpassed silver in volume, cementing its position as the second largest commodity ETF in the United States. This impressive progress can be attributed to the market's growing interest in these funds, as noted by Jag Kuhner, head of derivatives at #Bitfinex.

According to CC15Capital, as of January 18, 2024, there are 647,651 BTC in spot bitcoin ETF funds, which is equivalent to approximately $27 billion. Comparatively, the #Grayscale Bitcoin Trust ETF holds 619,000 BTC, which is equivalent to approximately $25.6 billion.

Silver-based funds currently hold the third-largest amount of assets (AUM), with about $11.5 billion spread across five ETFs. On the other hand, gold-based ETFs rank first in terms of assets under management, with $96.3 billion in assets, spread across 19 funds.

Notably, on January 18, 2024, #BlackRock made an announcement about increased interest in its spot bitcoin ETF among retail investors. Company representatives noted a significant inflow of funds into #iShares Bitcoin Trust from various sources.

It is worth noting that #VanEck plans to close its futures bitcoin-ETF, which further emphasizes the significance of the spot bitcoin-ETF's success.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Press Releases: HTX Hot Listings Weekly Recap: $M Leads the Rally, Meme, AI, Gaming, and RWA Sectors Shine — HTX’s Wealth Effect in Full Force
HTX, a leading global crypto exchange, continues to deliver notable investment opportunities amid a volatile market. According to platform data, from June 30 to July 7, multiple assets..
Press Releases: HTX Kicks Off HTTC S1 Trading Competition: Team Up to Vie for Million-Dollar Prize Pool and Xiaomi YU7 SUVs!

HTX, a leading global cryptocurrency exchange, officially announces the launch of the team competition phase for its "HTTC S1: Blades Out" spot trading event..

Press Releases: Biconomy.com on the Global Stage: Real Conversations, Real Impact at NFC Lisbon 2025
In a digital-first industry like blockchain, real-world presence still holds undeniable power. For Biconomy.com, participating in global events is more than brand visibility — it's..
Bitcoin: Pakistan launches strategic bitcoin reserve and dedicates 2,000 MW to mining
On May 28, 2025, at the Bitcoin 2025 conference in Las Vegas, Pakistan announced the creation of a strategic bitcoin reserve, a major step in the development of a national cryptocurrency..
⁝⁝⁝

Trending news

  • Artificial Intelligence (AI)
  • Altcoins
  • Bitcoin
  • DeFi
  • Ethereum
  • show more