{"id":14542,"date":"2024-02-04T05:09:47","date_gmt":"2024-02-04T05:09:47","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=14542"},"modified":"2024-02-04T05:09:49","modified_gmt":"2024-02-04T05:09:49","slug":"spot-bitcoin-etfs-rank-among-largest-commodity-etfs-by-assets-held","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=14542","title":{"rendered":"Spot Bitcoin ETFs rank among largest commodity ETFs by assets held"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Several recently launched spot Bitcoin ETFs now rank alongside the largest commodity ETFs in terms of assets under management (AUM).<\/p>\n<p>Combining VettaETF&#8217;s list of commodity ETFs with its list of blockchain ETFs produces the following results:<\/p>\n<p>Rank<br \/>\nTicker<br \/>\nName<br \/>\nAUM (in millions of dollars)<\/p>\n<p>1<br \/>\nGLD<br \/>\nSPDR Gold Shares<br \/>\n56,206.8<\/p>\n<p>2<br \/>\nIAU<br \/>\niShares Gold Trust<br \/>\n26,062.5<\/p>\n<p>3<br \/>\nGBTC<br \/>\nGrayscale Bitcoin Trust<br \/>\n20,519<\/p>\n<p>4<br \/>\nSLV<br \/>\niShares Silver Trust<br \/>\n10,120.2<\/p>\n<p>5<br \/>\nGLDM<br \/>\nSPDR Gold MiniShares Trust<br \/>\n6,378.47<\/p>\n<p>6<br \/>\nPDBC<br \/>\nInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF<br \/>\n4,584.34<\/p>\n<p>7<br \/>\nIBIT<br \/>\nIShares Bitcoin Trust<br \/>\n2,837<\/p>\n<p>8<br \/>\nSGOL<br \/>\nabrdn Physical Gold Shares ETF<br \/>\n2,748.48<\/p>\n<p>9<br \/>\nFBTC<br \/>\nFidelity Wise Origin Bitcoin Fund<br \/>\n2,535<\/p>\n<p>10<br \/>\nFTGC<br \/>\nFirst Trust Global Tactical Commodity Strategy Fund<br \/>\n2,285.25<\/p>\n<p>That data indicates that Grayscale&#8217;s GBTC has $20.5 billion in AUM, making it the third largest commodity ETF after two gold ETFs.<\/p>\n<p>Meanwhile, BlackRock&#8217;s IBIT is the seventh largest ETF on the list, with $2.8 billion in AUM. Fidelity&#8217;s FBTC is the ninth largest, with $2.5 billion in AUM.<\/p>\n<p>Two other spot Bitcoin ETFs are not shown in the above chart but rank among the top 25 commodity ETFs by assets under management. ARK 21Shares&#8217;s ARKB fund has $665 million in AUM and ranks at #25. Bitwise&#8217;s BITB fund has $641 million in AUM and ranks at position #26.<\/p>\n<h2>BTC ETFs are generally considered commodities ETFs<\/h2>\n<p>Though VettaETF does not include spot Bitcoin ETFs within its list of commodity ETFs, asset managers generally consider this the case.<\/p>\n<p>BlackRock, for example, labels IBIT a commodity ETF on its website. Similarly, Ark Invest refers to ARKB as an Indexed Commodity ETF. Grayscale, meanwhile, has called GBTC the second-largest commodity-based ETF \u2014 a statement made before its current status as the third-largest ETF of that type.<\/p>\n<p>However, this is not universal: Bitwise and Fidelity do not appear to label their products as commodity ETFs. Most asset managers also acknowledge in a disclaimer that their fund is not registered under the Investment Company Act of 1940 (which partially affects a fund&#8217;s engagement in commodities trading) and is not a commodity pool under the Commodity Exchange Act.<\/p>\n<p>Spot Bitcoin ETFs gained approval from the U.S. Securities and Exchange Commission (SEC) in January. SEC chair Gary Gensler referred to the funds as &#8220;ETPs holding [a] non-security commodity, Bitcoin&#8221; in his approval statement.<\/p>\n<p>The post Spot Bitcoin ETFs rank among largest commodity ETFs by assets held appeared first on CryptoSlate.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/spot-bitcoin-etfs-rank-among-largest-commodity-etfs-by-assets-held\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Several recently launched spot Bitcoin ETFs now rank alongside the largest commodity ETFs in terms of assets under management (AUM). Combining VettaETF&#8217;s list of commodity ETFs with its list of blockchain ETFs produces the following results: Rank Ticker Name AUM (in millions of dollars) 1 GLD SPDR Gold Shares 56,206.8 2 IAU iShares Gold Trust [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-14542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14542"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14542\/revisions"}],"predecessor-version":[{"id":14544,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14542\/revisions\/14544"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/14543"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}