BlackRock Spot Bitcoin ETF AUM Hits $10B Overtaking the iShares Silver Trust
The newly listed BlackRock iShares Bitcoin ETF trading under the ticker symbol “IBIT” has overtaken the iShares Silver Trust reaching $10 billion in assets under management (AUM).
The rising interest in Bitcoin has pushed the iShares Silver Trust launched in April 2006 trading under the ticker symbol “SLV” lower down the leaderboard. The silver trust is another BlackRock-owned product and gives exposure to the day-to-day movement of the price of silver bullion. The SLV trust has approximately $9,787,865,530 AUM just shy of $10 billion.
Bitcoin ETFs are moving up the Commodity ETFs leaderboard.
Note the YTD performance difference of $IBIT $FBTC $ARKB $BITB vs. $GLD $IAU $SLV $GLDM $PDBC $SGOL $DBC $USO $UNG pic.twitter.com/fg3vl4AJTj
— HODL15Capital
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