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Breaking: BlackRock Bitcoin ETF Overtakes the Largest Silver Trust with $10B AuM


Mar, 03, 2024
< 1 min read
by CoinEdition
BlackRock Bitcoin ETF Overtakes Silver Trust
  • Bitcoin ETFs are rapidly moving up the commodity ETFs leaderboard.
  • BlackRock’s Bitcoin ETF overtook the largest silver trust in asset management size.
  • BlackRock Bitcoin ETF achieves a monumental $10.03 billion in AuM.

Exchange-traded funds (ETFs) based on Bitcoin are rapidly moving up the commodity ETFs leaderboard, knocking out the largest silver trusts, with the largest gold trusts next in line. Recent statistics released by HODL15Capital reveal a significant milestone for crypto, noting that Bitcoin spot ETFs have surpassed Silver ETFs in asset management size. 

In particular, BlackRock’s iShares BTC ETF has hit an asset under management (AuM) of $10.03 billion. On a year-to-date (YTD) scale, the figure represents a substantial 35.2% gain. 

Meanwhile, iShares Silver Trust (SLV) ranks lower with an AuM of $9.626 billion. This figure reflects a 4.8% decline on a YTD scale. Essentially, BlackRock Bitcoin ETF has overtaken the largest Silver Trust, with only gold trusts next to beat.

The post Breaking: BlackRock Bitcoin ETF Overtakes the Largest Silver Trust with $10B AuM appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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Breaking: BlackRock Bitcoin ETF Overtakes the Largest Silver Trust with $10B AuM


Mar, 03, 2024
< 1 min read
by CoinEdition
BlackRock Bitcoin ETF Overtakes Silver Trust
  • Bitcoin ETFs are rapidly moving up the commodity ETFs leaderboard.
  • BlackRock’s Bitcoin ETF overtook the largest silver trust in asset management size.
  • BlackRock Bitcoin ETF achieves a monumental $10.03 billion in AuM.

Exchange-traded funds (ETFs) based on Bitcoin are rapidly moving up the commodity ETFs leaderboard, knocking out the largest silver trusts, with the largest gold trusts next in line. Recent statistics released by HODL15Capital reveal a significant milestone for crypto, noting that Bitcoin spot ETFs have surpassed Silver ETFs in asset management size. 

In particular, BlackRock’s iShares BTC ETF has hit an asset under management (AuM) of $10.03 billion. On a year-to-date (YTD) scale, the figure represents a substantial 35.2% gain. 

Meanwhile, iShares Silver Trust (SLV) ranks lower with an AuM of $9.626 billion. This figure reflects a 4.8% decline on a YTD scale. Essentially, BlackRock Bitcoin ETF has overtaken the largest Silver Trust, with only gold trusts next to beat.

The post Breaking: BlackRock Bitcoin ETF Overtakes the Largest Silver Trust with $10B AuM appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Kraken's Indices Provider Anticipates $1B AUM in Hong Kong ETFs by 2024 End: Bloomberg

Kraken's Indices Provider Anticipates $1B AUM in Hong Kong ETFs by 2024 End: Bloomberg

CEO Sui Chung sees South Korea and Israel as the next markets to list crypto ETFs.
May, 03, 2024
by CoinDesk
Bitcoin Market Sees Sell-Off Before FOMC Meeting

Bitcoin Market Sees Sell-Off Before FOMC Meeting

The Bitcoin market experienced a wave of selling pressure yesterday, with Bitcoin ETF...
May, 01, 2024
< 1 min read
by CoinEdition