Silver has been around since dying stars began spewing out the metal billions of years ago. Bitcoin is 15 years old, but it's already a big deal in the US ETF market.
The Bitcoin ETF had more assets than the silver ETF at the moment of its approval by the U.S. Securities and Exchange Commission last week, and was the only commodity-focused U.S. ETF to trail gold.
Thanks to the conversion of the existing Grayscale Bitcoin Trust into ETFs, nearly $30 billion was immediately stashed in Bitcoin ETFs, according to data compiled by CoinDesk. Total silver ETF assets amount to approximately $11 billion. According to etfdb.com.
The only commodity that is more popular is gold. Bitcoin is often referred to as gold. digital version of – Approximately $95 billion.
“This far exceeded my short-term expectations, but is a great validation of the role of Bitcoin as a reserve commodity and the demand for Bitcoin exposure in the financial markets,” he said in partnership with Ark. said Ophelia Snyder, co-founder of 21Shares, which launched one. Invest, I have written On X (old Twitter).
The launch of a Bitcoin ETF earlier this month was a historic event not only for the crypto community but also for ETFs. The newly launched fund is Net inflows are approximately $894 million That's significantly more than most new ETFs bring in in the first three days of trading.
