Bitcoin ETF

Bitcoin

Billion

Spot

<p class="is-style-lead">According to a CoinGecko report dated Nov. 3, only 8 countries around the world offer spot Bitcoin ETFs.&nbsp;</p>
<p>Of these countries, Canada is ranked in the top spot for having seven spot Bitcoin ETFs worth a total of $2 billion in total assets.</p>
<h2 class="wp-block-heading" id="canada-and-europe-lead">Canada and Europe lead</h2>
<p>Data from the report shows that Canada and Europe are the main markets for spot Bitcoin ETFs, with the seven in Canada and 10 in Europe. Since spot Bitcoin ETF assets amount to $4.16 Billion globally in total assets across 20 available offerings, Canada at $2 billion makes up 48.2% of the total, with its population of 40 million.</p>
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   <p lang="en" dir="ltr">1/ This means that <a href="https://twitter.com/hashtag/Canada?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Canada</a> 🇨🇦 accounts for 48.2% of the $4.16B in spot Bitcoin ETF assets globally.<br><br>Another leading country is <a href="https://twitter.com/hashtag/Germany?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Germany</a> 🇩🇪, where only one spot Bitcoin ETF is incorporated with an outsized $802.52M in total assets.</p>— CoinGecko (@coingecko) <a href="https://twitter.com/coingecko/status/1720420833934577838?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 3, 2023</a>
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<p>After Canada comes Germany, with one incorporated spot Bitcoin ETF and $802.52 million in total assets, alongside other notable mentions including Brazil with $295.74 million and Liechtenstein at $218.18 million.</p>
<p>You might also like: <a href="https://crypto.news/coingecko-finds-october-consistently-positive-for-crypto/" rel="noopener noreferrer nofollow"> CoinGecko finds October consistently positive for crypto </a></p>
<h2 class="wp-block-heading" id="contending-with-the-north">Contending with the north</h2>
<p>Despite Canada currently holding the top spot, new reports suggest the country could very easily be dethroned by its neighbor to the south.</p>
<p>A <a href="https://www.reuters.com/technology/cryptoverse-good-gold-spot-bitcoin-etfs-aim-whip-up-us-demand-2023-10-31/" target="_blank" rel="noopener noreferrer nofollow">Reuters report dated 3 days</a> ago highlights that BlackRock, Fidelity and crypto-focused firms like Grayscale all have their companies in the running for a Spot Bitcoin ETF, with the SEC still considering eight-to-10 filings for new spot Bitcoin products although no timings were made clear.</p>
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<p>Read more: <a href="https://crypto.news/coingecko-reports-top-cexs-kucoin-falls-out-of-top-10/" rel="noopener noreferrer nofollow"> CoinGecko reports top CEXs, Kucoin falls out of top 10 </a></p>

Canada reported top country for spot Bitcoin ETFs

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