• Bitcoin ETFs are shortly transferring up the commodity ETF leaderboards.
• BlackRock's Bitcoin ETF has overtaken the biggest silver belief by asset administration dimension.
• The BlackRock Bitcoin ETF has achieved a whopping $10.03 billion in complete property beneath administration.

Bitcoin-based exchange-traded funds (ETFs) are shortly transferring up the commodity ETF leaderboard, beating out the biggest silver belief and second solely with the biggest gold belief. Latest statistics launched by HODL15Capital spotlight a major milestone for cryptocurrencies, noting that the Bitcoin Spot ETF has surpassed the Silver ETF by way of asset administration dimension.

Specifically, BlackRock's iShares BTC ETF reached $10.03 billion in property beneath administration (AuM). On a year-to-date (YTD) scale, this quantity represents a major improve of 35.2%.

In the meantime, iShares Silver Belief (SLV) ranks on the backside with complete property beneath administration of $9.626 billion. This determine displays a decline of 4.8% on a year-to-date scale. Primarily, the BlackRock Bitcoin ETF has overtaken the biggest Silver Belief, leaving solely the Gold Belief as the following winner.

Following carefully is the Constancy Clever Origin Bitcoin ETF, which has $6.55 billion in property beneath administration and is up 35.2% year-to-date, just like BlackRock. Successfully, the BlackRock and Constancy Bitcoin Spot ETFs are funding autos for the SPDR Gold MiniShares Belief and Invesco Diversified Commodities Technique, which have property beneath administration of $6.325 billion and $4.465 billion, respectively. is positioned greater than.

It additionally ranks greater than the abrdn Bodily Gold Shares ETF, which has $2.685 billion in property beneath administration for the reason that starting of the 12 months. In the meantime, No. 9 on the Commodity ETF Leaderboard was ARK 21Shares Bitcoin ETF. With complete property beneath administration of $2.175 billion, it has outperformed the Invesco DB Commodity Index Monitoring, which is up 35.2% since January.

Equally, at No. 11, the Bitwise Bitcoin ETF ranked greater than the U.S. Oil Fund and the U.S. Pure Gasoline Fund. On a year-to-date scale, the US Oil Fund was the one product to publish a constructive return, as was the Bitcoin ETF. In the meantime, the U.S. Pure Gasoline Fund posted the steepest decline since January, with adverse development of 18.4%.