In the ETF market, Bitcoin overtook silver instantly, and among commodities, it trails only gold.

The recently established exchange-traded funds for bitcoin have managed assets close to $30 billion already. There are only $11 billion in silver ETFs.
Silver has been there for billions of years, ever since dying stars began to spew out the metal. Even at age 15, Bitcoin is already more significant in the US ETF market. When the U.S. Securities and Exchange Commission approved bitcoin ETFs last week, they had more assets than silver ETFs and were the only commodity-focused U.S. ETFs to lag behind gold.


According to data provided by CoinDesk, there was about $30 billion parked in bitcoin ETFs immediately following the conversion of the previous Grayscale Bitcoin Trust into an ETF. A etfdb.com report states that the aggregate assets of silver ETFs are approximately $11 billion.
With almost $95 billion, the only commodity that is still more popular is gold, which bitcoin is frequently referred to be a digital counterpart of. Co-founder of 21Shares Ophelia Snyder, who co-founded one of the ETFs with Ark Invest, wrote on X (formerly Twitter): "This was way beyond my short term expectation but is a fantastic validation of bitcoin's role as a reserve product and of the demand for bitcoin exposure in financial markets."