A number of not too long ago launched spot Bitcoin ETFs now rank alongside the biggest commodity ETFs when it comes to belongings underneath administration (AUM).
Combining VettaETF’s record of commodity ETFs with its record of blockchain ETFs produces the next outcomes:
| Rank | Ticker | Title | AUM (in tens of millions of {dollars}) |
| 1 | GLD | SPDR Gold Shares | 56,206.8 |
| 2 | IAU | iShares Gold Belief | 26,062.5 |
| 3 | GBTC | Grayscale Bitcoin Belief | 20,519 |
| 4 | SLV | iShares Silver Belief | 10,120.2 |
| 5 | GLDM | SPDR Gold MiniShares Belief | 6,378.47 |
| 6 | PDBC | Invesco Optimum Yield Diversified Commodity Technique No Ok-1 ETF | 4,584.34 |
| 7 | IBIT | IShares Bitcoin Belief | 2,837 |
| 8 | SGOL | abrdn Bodily Gold Shares ETF | 2,748.48 |
| 9 | FBTC | Constancy Smart Origin Bitcoin Fund | 2,535 |
| 10 | FTGC | First Belief International Tactical Commodity Technique Fund | 2,285.25 |
That knowledge signifies that Grayscale’s GBTC has $20.5 billion in AUM, making it the third largest commodity ETF after two gold ETFs.
In the meantime, BlackRock’s IBIT is the seventh largest ETF on the record, with $2.8 billion in AUM. Constancy’s FBTC is the ninth largest, with $2.5 billion in AUM.
Two different spot Bitcoin ETFs usually are not proven within the above chart however rank among the many prime 25 commodity ETFs by belongings underneath administration. ARK 21Shares’s ARKB fund has $665 million in AUM and ranks at #25. Bitwise’s BITB fund has $641 million in AUM and ranks at place #26.
BTC ETFs are usually thought of commodities ETFs
Although VettaETF doesn’t embody spot Bitcoin ETFs inside its record of commodity ETFs, asset managers usually think about this the case.
BlackRock, for instance, labels IBIT a commodity ETF on its web site. Equally, Ark Make investments refers to ARKB as an Listed Commodity ETF. Grayscale, in the meantime, has called GBTC the second-largest commodity-based ETF — a press release made earlier than its present standing because the third-largest ETF of that kind.
Nevertheless, this isn’t common: Bitwise and Constancy don’t seem to label their merchandise as commodity ETFs. Most asset managers additionally acknowledge in a disclaimer that their fund isn’t registered underneath the Funding Firm Act of 1940 (which partially impacts a fund’s engagement in commodities buying and selling) and isn’t a commodity pool underneath the Commodity Trade Act.
Spot Bitcoin ETFs gained approval from the U.S. Securities and Trade Fee (SEC) in January. SEC chair Gary Gensler referred to the funds as “ETPs holding [a] non-security commodity, Bitcoin” in his approval assertion.
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