As the possibility of Ethereum ETFs being approved in the US looms, CoinGecko experts have examined the global market for such products and have found that countries in Europe and Canada currently dominate.
The two largest exchange-traded funds based on the second largest cryptocurrency in terms of market capitalization are XBT Ethereum Tracker One and XBT Ethereum Tracker Euro, with assets totaling $3.34 billion and $511 million, respectively.
In 2017, a subsidiary of CoinShares released futures-based products, both of which are traded on the Swedish Nasdaq Stockholm exchange.
The third-largest fund, CI Galaxy Ethereum ETF, is based in Canada and has an asset volume of $478 million.
Another prominent European product is the 21Shares Ethereum Staking ETP, launched in 2019 as the first ETF based on the spot price of Ethereum, with an asset value of $329 million.
Interestingly, all of the top ten Ethereum ETFs are currently traded in Europe or Canada. In comparison, American futures-based funds, which were launched with less fanfare in October 2023, are ranked below the top ten at 14th place and beyond.
