According to a report by CoinGecko, Sweden and Canada lead the way in cryptocurrency ETPs.
Data as of September 11 shows that the largest crypto ETPs currently are Bitcoin Tracker One (COINXBT) and Ethereum Tracker One (COINETH) from Swedish XBT provider.
The assets under management are approximately US$4.4 billion and US$2.6 billion respectively, far ahead of Brazil’s third-ranked Hashdex Nasdaq Crypto Index Fund, which manages nearly US$1.1 billion in assets.
The ProShares Bitcoin Strategy ETF (BITO), launched in the United States in October 2021, has $915 million in assets under management, while Canada’s Purpose Bitcoin ETF ranks fifth with $819 million.
CoinGecko data shows that 6 of the top 25 largest ETPs in the world are located in Canada.