A number of not too long ago launched spot Bitcoin ETFs now rank alongside the biggest commodity ETFs when it comes to property beneath 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 Okay-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 Clever Origin Bitcoin Fund | 2,535 |
| 10 | FTGC | First Belief International Tactical Commodity Technique Fund | 2,285.25 |
That information 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 should not proven within the above chart however rank among the many high 25 commodity ETFs by property beneath 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-about commodities ETFs
Although VettaETF doesn’t embrace 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 referred to as GBTC the second-largest commodity-based ETF — an announcement made earlier than its present standing because the third-largest ETF of that kind.
Nonetheless, 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 shouldn’t be registered beneath the Funding Firm Act of 1940 (which partially impacts a fund’s engagement in commodities buying and selling) and isn’t a commodity pool beneath 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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