United States Brent Oil Fund (BNO) Market Capitalization (2010 - 2026)
United States Brent Oil Fund's (BNO) quarterly Market Capitalization came in at $649.7 million in Q2 2026, up 518.29% on a YoY basis from $105.1 million in Q2 2025, and up 86.51% quarter-over-quarter from $348.4 million in Q1 2026.
Analysis
United States Brent Oil Fund (BNO) Market Capitalization (2010 - 2026) Analysis & Trends
United States Brent Oil Fund (BNO) has reported Market Capitalization for 17 consecutive years, with $649.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Market Capitalization rose 518.29% year-over-year to $649.7 million; the trailing twelve-month figure through Jun 2026 stood at $649.7 million (up 518.29% YoY), and the FY2025 full-year result was $93.1 million, down 36.25% from the prior year.
- Market Capitalization rose to $649.7 million in Q2 2026 per BNO's latest filing, from $348.4 million in the prior quarter.
- Across five years, Market Capitalization topped out at $649.7 million in Q2 2026 and bottomed at $93.1 million in Q4 2025.
- Historically, Market Capitalization has averaged $212.6 million across 5 years, with a median of $177.3 million in 2023.
- The sharpest annual moves came in 2025 and 2026: Market Capitalization plunged 43.3% in 2025, then jumped 518.29% in 2026.
- Over 5 years, Market Capitalization stood at $255.9 million in 2022, then declined by 27.73% to $185.0 million in 2023, then dropped by 21.04% to $146.1 million in 2024, then sank by 36.25% to $93.1 million in 2025, then jumped by 597.82% to $649.7 million in 2026.
- According to Business Quant data, Market Capitalization over the past three periods registered $649.7 million, $348.4 million, and $93.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - |
| 2 | Spdr Gold Trust | 144.81 Bn | -413.20 Bn | - |
| 3 | Ishares Gold Trust | 30.30 Bn | -29.81 Bn | - |
| 4 | World Gold Trust | 29.28 Bn | -73.79 Bn | - |
| 5 | Principal Financial | 24.84 Bn | -28.13 Bn | 1.91 Bn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - |
| 10 | United States Brent Oil Fund | 920.37 Mn | 525.94 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 649.72 Mn |
| Mar 31, 2026 | 348.35 Mn |
| Dec 31, 2025 | 93.11 Mn |
| Sep 30, 2025 | 96.16 Mn |
| Jun 30, 2025 | 105.08 Mn |
| Mar 31, 2025 | 94.89 Mn |
| Dec 31, 2024 | 146.05 Mn |
| Sep 30, 2024 | 169.58 Mn |
| Jun 30, 2024 | 131.87 Mn |
| Mar 31, 2024 | 132.43 Mn |
| Dec 31, 2023 | 184.97 Mn |
| Sep 30, 2023 | 165.16 Mn |
| Jun 30, 2023 | 189.95 Mn |
| Mar 31, 2023 | 202.01 Mn |
| Dec 31, 2022 | 255.93 Mn |
| Sep 30, 2022 | 236.32 Mn |
| Jun 30, 2022 | 319.30 Mn |
| Mar 31, 2022 | 305.44 Mn |
| Dec 31, 2021 | 356.89 Mn |
| Sep 30, 2021 | 298.29 Mn |