The landscape of Bitcoin investment is witnessing a seismic shift. The United States now holds a commanding lead in the Spot Bitcoin ETF (Exchange-Traded Fund) market, according to recent data from CoinGecko. This article explores the current state of the Spot Bitcoin ETF landscape, analyzing data from various sources to provide a comprehensive view of the market.

U.S. Ascends to the Top

U.S. Ascends to the Top in ETF's

In an impressive financial coup, the U.S. has surged past all competitors, now claiming 83.3% of the global Spot Bitcoin ETF market, valued at $34.78 billion. This leap positions the U.S. firmly ahead of Canada, a former leader in this arena.

Canada’s Resilient Market

Though no longer at the forefront, Canada’s Spot Bitcoin ETFs maintain a robust presence. Canada has demonstrated moderate outflows with a combined asset value of $3.09 billion, indicating a stable investment climate despite Bitcoin’s price fluctuations.

Europe’s Stronghold

Europe remains a significant player in the Spot Bitcoin ETF space, with 13 ETFs and a collective asset size of $3.67 billion. This represents 8.8% of the global market share, with countries like Germany and Switzerland among the prominent markets.

Spot Bitcoin ETFs by Numbers

Spot Bitcoin ETFs by Numbers

There are 33 Spot Bitcoin ETFs globally, with combined assets totaling $41.74 billion. The Grayscale Bitcoin Trust (GBTC) leads the pack with $22.83 billion in total assets, accounting for over half of the global market share.

The Genesis of Spot Bitcoin ETFs

Spot Bitcoin ETFs first debuted in 2020, with Germany’s ETC Group Physical Bitcoin paving the way. Since then, the number of ETFs has grown substantially, especially in 2021, a banner year with 14 launches. The U.S. saw a surge of new ETFs in 2024, adding to the global total.

ETFs: A Global Snapshot

CountryNo. Spot Bitcoin ETFsTotal Assets (USD)
United States10$34,779 million
Canada6$3,094 million
Jersey5$1,284 million
Germany2$1,264 million
Switzerland2$648 million
Liechtenstein1$359 million
Guernsey3$113 million
Bermuda1$103 million
Brazil1$62 million
Australia1$33 million
Malaysia1$1 million



Global Rankings and Insights

RankSpot Bitcoin ETFTotal Assets (USD)
1Grayscale Bitcoin Trust BTC (GBTC)$22,833.25 million
2iShares Bitcoin Trust (IBIT)$5,189.52 million
3Fidelity Wise Origin Bitcoin Fund (FBTC)$3,926.90 million
4Purpose Bitcoin ETF (BTCC)$1,600.00 million
5ETC Group Physical Bitcoin (BTCE)$1,251.19 million
6ARK 21Shares Bitcoin ETF (ARKB)$1,131.99 million
7Bitwise Bitcoin ETF (BITB)$930.98 million
8CoinShares Physical Bitcoin (BITC)$698.75 million
921Shares Bitcoin ETP (ABTC)$604.68 million
10CI Galaxy Bitcoin ETF (BTCX)$504.11 million
11WisdomTree Physical Bitcoin (BTCW)$413.70 million
12VanEck Bitcoin ETN (VBTC)$359.13 million
133iQ The Bitcoin Fund (QBTC)$347.11 million
14Invesco Galaxy Bitcoin Etf (BTCO)$336.24 million
15Fidelity Advantage Bitcoin ETF (FBTC)$264.29 million
163iQ CoinShares Bitcoin ETF (BTCQ)$221.98 million
17VanEck Bitcoin Trust (HODL)$187.55 million
18Invesco Physical Bitcoin (BTIC)$168.00 million
19Evolve Bitcoin ETF (EBIT)$156.65 million
20Valkyrie Bitcoin Fund (BRRR)$136.54 million
21Hashdex Nasdaq Bitcoin ETF (HBTC.BH)$102.90 million
22AMINA Bitcoin ETP (SBTCU)$100.37 million
23Franklin Bitcoin ETF (EZBC)$80.05 million
24QR CME CF Bitcoin Reference Rate FDI (QBTC11)$62.25 million
2521Shares Bitcoin Core ETP (CBTC)$43.25 million
26Global X 21Shares Bitcoin ETF (EBTC)$33.26 million
27WisdomTree Bitcoin Fund (BTCW)$26.41 million
28DDA Funds Physical Bitcoin ETP (XBTI)$12.76 million
29AMINA Bitcoin CHF Hedged ETP (SBTCC)$10.53 million
30Global X Bitcoin ETP (BT0X)$3.57 million
31Jacobi FT Wilshire Bitcoin ETF (BCOIN)$2.06 million
32Halogen Shariah Bitcoin Fund (HALSBTC)$1.18 million
33Valour Bitcoin Carbon Neutral (1VBT)$0.22 million



The U.S. has emerged as the titan of the Spot Bitcoin ETF market, with its significant market share overshadowing other countries. As the investment landscape evolves, the U.S. stands at the forefront, shaping the future of Bitcoin ETFs.