Canada leads the world with seven Bitcoin ETFs valued at $2 billion in total assets, according to a CoinGecko report.
Europe also boasts a significant market with ten-spot Bitcoin ETFs. In total, there are 20 offerings globally, totaling $4.16 billion in assets.
Following Canada, Germany has one spot Bitcoin ETF with $802.52 million in assets. Countries like Brazil and Liechtenstein also have notable ETFs with $295.74 million and $218.18 million, respectively.
However, Canada’s top position might only last for a while, as reports suggest that BlackRock, Fidelity, and crypto-focused companies like Grayscale are competing to launch their spot Bitcoin ETFs in the United States.
The U.S. Securities and Exchange Commission (SEC) is currently reviewing eight to ten filings for new spot Bitcoin products, though specific timelines have yet to be provided.