A number of lately launched spot Bitcoin ETFs now rank alongside the biggest commodity ETFs by way of belongings below administration (AUM).
Combining VettaETF’s commodity ETF checklist with its blockchain ETF checklist yields the next outcomes:
| rank | inventory ticker | Title | Property below administration (USD million) |
| 1 | GLD | SPDR Gold Shares | 56,206.8 |
| 2 | worldwide astronomical union | iShares Gold Belief | 26,062.5 |
| 3 | GBTC | Grayscale Bitcoin Belief | 20,519 |
| 4 | lentivirus | iShares Silver Belief | 10,120.2 |
| 5 | GLDM | SPDR Gold Mini Cap Belief | 6,378.47 |
| 6 | PDBC | Invesco Greatest Yield Diversified Commodity Technique No Ok-1 ETF | 4,584.34 |
| 7 | it can go | IShares Bitcoin Belief | 2,837 |
| 8 | Faculty | abrdn bodily gold inventory ETF | 2,748.48 |
| 9 | Forbitt | Constancy Smart Origins Bitcoin Fund | 2,535 |
| 10 | FTGC | First Belief World Tactical Commodity Methods Fund | 2,285.25 |
The info reveals that Grayscale’s GBTC belongings below administration are $20.5 billion, making it the third largest commodity ETF after the 2 gold ETFs.
In the meantime, BlackRock’s IBIT is the seventh-largest ETF on the checklist, with $2.8 billion in belongings below administration. Constancy’s FBTC ranks ninth, with $2.5 billion in belongings below administration.
Two different spot Bitcoin ETFs should not proven within the desk above, however are among the many high 25 commodity ETFs by belongings below administration. ARK 21Shares’ ARKB fund ranks twenty fifth with $665 million in belongings below administration. Bitwise’s BITB fund has an asset administration scale of US$641 million, rating twenty sixth.
BTC ETF is usually thought-about a commodity ETF
Though VettaETF doesn’t embrace a spot Bitcoin ETF in its checklist of commodity ETFs, asset managers usually consider this to be the case.
For instance, BlackRock labels IBIT as a commodity ETF on its web site. Likewise, Ark Make investments calls ARKB an index commodity ETF. In the meantime, Grayscale calls GBTC the second-largest commodity ETF — an announcement made earlier than it at the moment ranks because the third-largest ETF within the class.
Nevertheless, this isn’t widespread: Bitwise and Constancy don’t seem to label their merchandise as commodity ETFs. Most asset managers additionally acknowledge of their disclaimers that their funds should not registered below the Funding Firm Act of 1940 (a part of which impacts a fund’s participation in commodities buying and selling), nor are they commodity swimming pools below the Commodity Change Act.
The spot Bitcoin ETF acquired approval from the U.S. Securities and Change Fee (SEC) in January. SEC Chairman Gary Gensler refers to those funds as “ETP holding funds.” [a] Non-Safety Commodity, Bitcoin” in his assertion of approval.
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