Bitcoin has surpassed Silver to become the second-largest ETF commodity in the US following its landmark approval by the Securities and Exchange Commission.
ETFs have been a hot topic in the investment community since their approval and have exceeded Silver ETFs in terms of assets under management in just a week.
Bitcoin ETFs Surpasses Silver ETFs
Since they began trading, Bitcoin ETFs have seen a surge in demand. According to data from CC15Capital, spot Bitcoin ETF Funds hold approximately 647,651 BTC, which amounts to around $27.5 billion in assets under management. Bitfinex Head of Derivatives, Jag Kooner, stated, adding that pent-up demand for Bitcoin played a crucial role in powering the world’s largest cryptocurrency ahead of Silver when it came to assets under management.
“Bitcoin BTC -3.48% ETFs have exceeded silver ETFs in the US in terms of size, driven by the substantial market interest they have received.”
Prior to the rise of Bitcoin ETFs, Silver held the posit
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