CoinGecko: Global spot Bitcoin ETF assets reach $4.16 billion

CoinGecko data shows that the total global assets invested in Bitcoin spot price-linked ETFs currently reach $4.16 billion, of which nearly half, or $2 billion, is invested in 7 Bitcoin spot ETFs launched in Canada since 2021. Canada is also home to the largest Bitcoin ETF of the 20 ETFs, the Purpose Bitcoin ETF with $819.1 million in assets under management. In addition, the ETC Group Physical Bitcoin (BTCE.DE) launched by Germany in June 2020 currently has an asset management scale of US$802 million, making it the second largest Bitcoin spot ETF launched so far. The other seven ETFs in Europe are registered in tax havens such as Jersey, Cayman Islands and Liechtenstein, and there are also smaller products traded in Brazil and Australia. So far, U.S. regulators have only approved crypto ETFs tied to futures contracts, such as the ProShares Bitcoin Strategy ETF, which has about $1.2 billion in assets under management. As many as 10 spot ETF applications are currently awaiting review by the SEC. The CoinGecko report stated: “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.” (Reuters)