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Bitcoin ETFs surge past silver in AuM and trading volume
The digital revolution and the rise of cryptocurrencies got a boost with the launch of the first spot Bitcoin (BTC) ETFs in the U.S. market, and it took less than a week for the value held in these products to surpass the value held in silver ETFs. "Bitcoin ETFs have exceeded silver ETFs in the U.S. in terms of size, driven by the substantial market interest they have received," said Jag Kooner, head of derivatives at Bitfinex, in an interview with The Block. Kooner added that pent-up demand for Bitcoin played a substantial role in elevating the digital asset ahead of silver in terms of assets under management ... (full story)