Global assets in spot bitcoin ETFs hit $4.16 billion - CoinGecko

Global assets invested in exchange-traded funds (ETFs) tied to the spot price of bitcoin now total $4.16 billion, according to CoinGecko, a cryptocurrency data and analysis company.

Global assets invested in exchange-traded funds (ETFs) tied to the spot price of bitcoin now total $4.16 billion, according to CoinGecko, a cryptocurrency data and analysis company.

Nearly half of that sum, or $2 billion, is invested in the seven spot bitcoin ETFs that have been launched in Canada since 2021. Canada also is home to the single largest of the 20 ETFs, the Purpose Bitcoin ETF, which has $819.1 million in assets.

To date, U.S. regulators have given the nod only to ETFs tied to futures contracts, such as ProShares Bitcoin Strategy, which has about $1.2 billion in assets. The United States Securities and Exchange Commission (SEC) currently is considering as many as 10 applicationsto launch similar spot-based ETFs in the U.S.