Coingecko: Who are the top Ethereum ETFs in the world? Which countries have Ethereum ETFs?

Ethereum is an open source public platform based on blockchain technology, designed to support the development and use of decentralized applications. It provides an Ethereum Virtual Machine to execute smart contracts and implement peer-to-peer transactions and agreements. What makes Ethereum unique is its smart contract functionality, which allows developers to create programs that execute automatically without third-party intervention. This decentralized nature makes Ethereum an ideal choice for building decentralized applications and digital assets. Ethereum was originally conceived by programmer Vitalik Buterin in 2013. Proposed in 2014, inspired by Bitcoin. The vision is to create a next-generation cryptocurrency and decentralized application platform. In 2014, Ethereum began its development through ICO crowdfunding.

Ethereum is an open digital currency platform that uses blockchain technology to support the development and operation of decentralized applications. Its goal is to provide a basic, universal digital currency platform that implements smart contract functions through Turing-complete virtual machines. On Ethereum, anyone can create and use decentralized applications that can use different currencies, protocols, and blockchain technologies. Ethereum’s flexibility and openness allow developers to build various types of applications on the platform, from digital asset transactions to investment platforms to gaming applications and more. This openness and innovation make

What are the top Ethereum ETFs in the world?

COINETH is the world’s largest Ethereum exchange-traded fund (ETF), with an asset size of US$3.34 billion, and is the top Ethereum tracker. Another product launched by the same provider, COINETHE, is the second largest Ethereum ETF with total assets of $510.93 million. These two products trade in Europe and are ETFs focused on Ethereum futures.

COINETH and COINETHE launched together in October 2017 as the world’s first Ethereum ETF, followed by Grayscale’s launch of the Ethereum Trust in December.

Canada’s CI Galaxy Ethereum ETF (ETHX) tops the list with total assets of $478.35 million, while Europe’s 21Shares Ethereum Staking ETP (AETH) is not far behind Finally, total assets were US$329.42 million. AETH is the world's first spot Ethereum ETF, which has received widespread attention since its launch in 2019.

The top ten Ethereum ETFs in the world are all traded in Canadian or European markets, while the U.S. Ethereum ETF ranks lower, even below 14th. Additionally, the U.S. Securities and Exchange Commission (SEC) has been delaying a decision on an Ethereum ETF spot application. Whether the United States can catch up with Canada and Europe remains to be seen closely.

How many Ethereum ETFs are there?

There are currently 27 active Ethereum ETFs in the world, with total assets of US$5.7 billion. Their total asset size is still smaller than that of Grayscale Ethereum Trust (ETHE), which has total assets of $6.76 billion.

It is worth noting that the top 10 largest Ethereum ETF assets are as high as $5.49 billion, accounting for 96.4% of total assets. This suggests that a handful of players dominate the Ethereum ETF market, despite more products and providers entering the market.

Of the 27 Ethereum ETFs in the world, 20 are Ethereum spot ETFs and 7 are Ethereum futures ETFs. However, the Ethereum futures ETF’s assets total $3.91 billion (68.5%), more than double the Ethereum spot ETF’s $1.8 billion (31.5%). If the U.S. SEC approves the spot Ethereum ETF and Grayscale’s Ethereum Trust conversion, the spot Ethereum ETF could flip the Ethereum futures ETF.

2021 and 2022 are the most popular years for Ethereum ETF launches

Following the launch of the first batch of Ethereum ETFs in 2017, as the overall crypto market peaked and declined, 2018 There will no longer be an Ethereum ETF launched. In 2019 and 2020, Europe and Canada each launched an Ethereum ETF.

Ethereum ETFs gained popularity during the 2021 cryptocurrency bull run, with 12 Ethereum ETFs launched in Europe, Canada, and Brazil. TradFi adoption momentum continues, but at a slower pace, with 6 Ethereum ETFs in 2022 and 4 in 2023.

Since 2024, Malaysia has launched 1 Ethereum ETF, namely Halogen Shariah Ethereum Fund (HALSETH).

Which countries have Ethereum ETFs?

The Ethereum ETF is incorporated in 13 countries around the world and trades in 7 regional markets. Specifically, the Ethereum spot ETF is registered in 10 countries and trades in 5 markets, while the Ethereum futures ETF is registered in only 4 countries and trades in 3 markets.

Europe and Canada lead the Ethereum ETF market: Europe has 3 Ethereum futures ETFs and 10 spot Ethereum ETFs, with a total asset size of US$4.65 billion, accounting for 81.45% of the global market share . Canada has 6 spot Ethereum ETFs with total assets of US$949.25 million, accounting for 16.64% of the global market share.

Brazil is the third largest Ethereum ETF market, with 2 spot Ethereum ETFs holding $47.3 million in assets (0.83%), followed by 3 Ethereum futures ETFs in the United States, with a total of Assets are $43.04 million (0.75%).

The smaller markets for the Ethereum ETF are Hong Kong (0.21%), Australia (0.10%), and Malaysia (0.01%).

It is worth noting that the United States and Hong Kong only have Ethereum futures ETFs, while Canada, Brazil, Australia, and Malaysia only have Ethereum spot ETFs. Europe is the only market that offers both futures and spot ETFs.

Countries adopting Ethereum ETFs

Global Ethereum futures and spot ETF rankings

As of February 2, 2024, all Pure Ethereum futures and spot ETFs ranked by total USD assets:

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