LIVE🕵🏻Per a Coingecko study, Europe dominates the global Ethereum (ETH) ETF scene with an 81.4% market share.
The area has 13 ETH-backed ETFs split across spot products and futures funds, amounting to $4.6 billion in assets under management (AUM).
Canada is also a big market for ETH
ETFs and commands a 16.6% market share of $949 million in AUM. ETFs have also become a gateway into crypto for many Canadian investors. Local regulators introduced stricter measures on crypto companies, leading to an exodus of exchanges like Binance and Bitstamp.
Global ETH ETF AUM stood at $5.7
billion as of Feb. 2, spread over 27 ETFs featuring both spot and futures funds.
European Ethereum ETFs have traded since 2017, when Grayscale launched its ETH trust (ETHE). However, Grayscale's fund was excluded from the study due to its close-ended structure.
The company was engaged with the
U.S. Securities and Exchange Commission (SEC) over converting ETHE to a spot Ethereum ETF, but a decision was delayed till May, crypto.news reported.
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