{"id":19634,"date":"2024-01-18T21:02:27","date_gmt":"2024-01-18T21:02:27","guid":{"rendered":"https:\/\/bitcoins-101.com\/2024\/01\/18\/bitcoin-surpasses-silver-to-become-second-largest-etf-commodity-in-the-us\/"},"modified":"2024-01-18T21:02:27","modified_gmt":"2024-01-18T21:02:27","slug":"bitcoin-surpasses-silver-to-become-second-largest-etf-commodity-in-the-us","status":"publish","type":"post","link":"https:\/\/bitcoins-101.com\/2024\/01\/18\/bitcoin-surpasses-silver-to-become-second-largest-etf-commodity-in-the-us\/","title":{"rendered":"Bitcoin Surpasses Silver To Become Second Largest ETF Commodity In The US"},"content":{"rendered":"

Bitcoin exchange<\/a>-traded funds (ETFs) have surpassed silver ETFs in the United States, securing their position as the second-largest ETF commodity,\u00a0in terms of assets under management (AUM). The surge in popularity of Bitcoin ETFs signals a growing acceptance of BTC as a mainstream investment vehicle.<\/p>\n

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As reported<\/a> by The Block, Bitcoin’s ascent to becoming the second-largest ETF commodity in the U.S. marks a significant milestone for the Bitcoin market. This achievement is attributed to the increasing demand from institutional and retail investors seeking exposure to BTC.<\/p>\n

Silver, which has ~$11.5 billion in AUM across five silver ETFs, was passed by spot Bitcoin ETFs which now hold over $28 billion, less than a week after going live.<\/p>\n

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“Bitcoin\u00a0ETFs have exceeded silver ETFs in the U.S. in terms of size, driven by the substantial market interest they have received,” Bitfinex Head of Derivatives Jag Kooner told<\/a> The Block.\u00a0“The level of trading reflects the pent-up demand for these products, and we expect that it will lead to increased liquidity and stability in the market.”<\/p>\n

This development is particularly noteworthy given silver’s traditional status as a prominent commodity investment. The rise of Bitcoin ETFs to the second position underscores Bitcoin’s maturation within the financial markets, gaining credibility and recognition as a formidable investment option.<\/p>\n

Investors’ growing appetite for Bitcoin ETFs reflects a broader trend of diversification within portfolios and a recognition of the unique value proposition offered by BTC. As the Bitcoin market continues to evolve, the achievement of surpassing silver ETFs solidifies Bitcoin’s position as a major player in the global financial landscape.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin exchange-traded funds (ETFs) have surpassed silver ETFs in the United States, securing their position as the second-largest ETF commodity,\u00a0in terms of assets under management (AUM). The surge in popularity of Bitcoin ETFs signals a growing acceptance of BTC as a mainstream investment vehicle. As reported by The Block, Bitcoin’s ascent to becoming the second-largest […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19634","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/19634"}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=19634"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/19634\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=19634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=19634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=19634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}