Coingecko: Who is the top Ethereum ETF which countries have Ethereum ETF

Author: Lim Yu Qian, Coingecko; Compilation: Deng Tong, Bitchain Vision World World

What are the top Ethereum ETFs in the world?

XBT Ethereum tracker -1 is the world’s top Ethereum Exchange Trading Fund (ETF). So far, assets are the largest, reaching 3.34 billion US dollars.Another product of the same provider XBT ETHEREUM Tracker Euro (Coinethe) is the second largest Ethereum ETF with a total asset of $ 5109.3 million.Coineth and Coinethe are both Ethereum Etf ETFs traded in Europe.

Coineth and Coinethe were launched together in October 2017. As the world’s first Ethereum ETF, the grayscale launched the Ethereum Trust Fund in December.

The first Ethereum ETF is Canada’s Ci Galaxy Ethereum ETF (ETHX), with a total asset of $ 4783.5 million.Europe’s 21Shares Ethereum pledged ETP (AETH) is the second largest spot Ethereum ETF.AETH’s total assets were US $ 3294.2 billion. It was launched in 2019. It is the world’s first spot Ethereum ETF.

The Top Ten Ethereum Etfers in the world trades in Canada or Europe.In contrast, Ethereum Etf ETF ranks 14th or lower.At the same time, the US SEC continues to postpone the decision to apply for the spot in Ethereum ETF. Whether the United States can catch up with Canada and Europe is still to be observed.

How many Ethereum ETFs?

At present, there are 27 active Ethereum ETFs in the world, with a total asset of 5.7 billion US dollars.Their total asset size is still less than the total assets of Ethereum Trust (ETHE), and the latter’s total assets are US $ 6.76 billion.

It is worth noting that the largest 10 largest Ethereum ETF assets were as high as US $ 5.49 billion, accounting for 96.4%of total assets.This shows that although more products and providers have entered the market, a few participants dominate the Ethereum ETF market.

Among the 27 Ethereum ETFs worldwide, 20 are Ethereum ETFs and 7 for Ethereum Futures ETF.However, Ethereum Futures ETF’s asset scale was US $ 3.91 billion (68.5%), which was more than twice as much as $ 1.8 billion (31.5%) of Ethereum spot ETF assets.If the US SEC approves the Eto Etfe Etf and GrayScale’s Ethereum Trust conversion, then the spot Ethereum ETF may flip the Ethereum Futures ETF.

2021 and 2012 are the most popular year of Ethereum ETF

After the first batch of Ethereum ETFs was launched in 2017, with the overall encryption market, and declined, the Ethereum ETF was launched in 2018.In 2019 and 2020, Europe and Canada launched an Ethereum ETF.

In the cryptocurrency bull market in 2021, Ethereum ETF was welcomed, and Europe, Canada and Brazil launched 12 Ethereum ETFs.The momentum adopted by Tradfi continues, but the speed has slowed down. In 2022, there were 6 Ethereum ETFs and 4 in 2023.

Since 2024, Malaysia has launched a Ethereum ETF, namely Halogen Shariah Ethereum Fund.

Which countries have Ethereum ETFs?

Ethereum ETF is registered and established in 13 countries around the world and traded in 7 regional markets.Specifically, Ethereum spot ETF is registered in 10 countries and traded in 5 markets, while Ethereum Futures ETF is only registered in 4 countries and traded in 3 markets.

Europe and Canada are in a leading position in the Ethereum ETF market: Europe has 3 Ethereum Futures ETFs and 10 spot Ethereum ETFs with total assets reached 4.65 billion US dollars, accounting for 81.45%of the global market share.Canada has 6 Spot Ethereum ETFs, with a total asset of 949.25 million US dollars, accounting for 16.64%of the global market share.

Brazil is the third largest Ethereum ETF market. Two spot Ethereum ETF holds $ 47.3 million in assets (0.83%), followed by three U.S. Ethereum Futures ETFs with a total asset of 43.04 million US dollars (0.75%).

The smaller markets of Ethereum ETF are Hong Kong (0.21%), Australia (0.10%) and Malaysia (0.01%).

It is worth noting that the United States and Hong Kong only have Ethereum Futures ETFs, while Canada, Brazil, Australia and Malaysia have only Ethereum spot ETFs.Europe is the only market that provides futures and spot ETFs.