According to Reuters, Coingecko data shows that global assets of spot Bitcoin ETFs currently total $4.16 billion, of which nearly half (or $2 billion) are invested in seven spot Bitcoin ETFs launched in Canada since 2021. Canada is also home to the largest Bitcoin ETF of the 20 ETFs, the Purpose Bitcoin ETF, which has $819.1 million in assets.
In addition, Germany’s ETC Group Physical Bitcoin (BTCE.DE), launched in June 2020, currently has $802 million in assets and is the second largest ETF launched to date. The other seven ETFs in Europe are incorporated in tax havens such as Jersey, the Cayman Islands and Liechtenstein, with much smaller products also trading in Brazil and Australia.
So far, U.S. regulators have only approved crypto ETFs tied to futures contracts and are currently considering up to 10 applications for spot crypto ETFs. CoinGecko said: "It remains to be seen whether a potential U.S. spot Bitcoin ETF can attract stronger investor interest and surpass the Canadian and German ETFs."
