Research Summary
The report provides a comprehensive analysis of the top Ethereum exchange-traded funds (ETFs) globally. It highlights the dominance of European and Canadian ETFs, the number of active Ethereum ETFs, their total assets, and the years of their launch. The report also provides a ranking of all Ethereum-only futures and spot ETFs based on their total assets.
Key Takeaways
Global Dominance of European and Canadian Ethereum ETFs
- European and Canadian Dominance: The report reveals that all of the top 10 Ethereum ETFs globally are traded in either Europe or Canada. The US Ethereum ETFs rank 14th or lower due to the US SEC’s delay in deciding on spot Ethereum ETF applications.
Number and Total Assets of Active Ethereum ETFs
- Active Ethereum ETFs: There are currently 27 active Ethereum ETFs worldwide, with a combined total asset size of $5.70 billion. The top 10 biggest Ethereum ETFs account for $5.49 billion or 96.4% of these assets, indicating a few dominant players in the Ethereum ETF market.
Popularity of Ethereum ETFs Over the Years
- ETF Launches: The report shows a surge in the popularity of Ethereum ETFs in 2021 and 2022, with 12 and 6 launches respectively. The first Ethereum ETFs were launched in 2017, with a lull in 2018, and one launch each in 2019 and 2020.
Geographical Distribution of Ethereum ETFs
- Geographical Markets: Ethereum ETFs are incorporated in 13 countries worldwide and traded in 7 geographical markets. Europe and Canada lead the Ethereum ETF market, with Europe having a combined asset size of $4.65 billion and Canada having $949.25 million in combined assets.
Ranking of Ethereum-only Futures and Spot ETFs
- ETF Rankings: The report provides a ranking of all Ethereum-only futures and spot ETFs based on their total assets. XBT Provider Ethereum Tracker One (COINETH) tops the list with $3.34 billion in total assets.
Actionable Insights
- Monitor the US SEC’s Decisions: The US SEC’s decisions on spot Ethereum ETF applications could significantly impact the global Ethereum ETF market. Stakeholders should keep a close eye on these developments.
- Consider the Dominant Players: With a few players dominating the Ethereum ETF market, potential investors and other stakeholders should consider their strategies and performance when making decisions.
- Track the Popularity Trend: The increasing popularity of Ethereum ETFs in recent years indicates a growing interest in this investment vehicle. Stakeholders should track this trend for potential opportunities and risks.
