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 <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 <a rel="noopener noreferrer nofollow" title="report" href="https://thebittimes.com/tag/report.html">report</a> 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 #Canada accounts for 48.2% of the $4.16B in spot Bitcoin ETF assets globally.<br><br>Another leading <a rel="noopener noreferrer nofollow" title="country" href="https://thebittimes.com/tag/country.html">country</a> is #Germany , where only one spot Bitcoin ETF is incorporated with an outsized $802.52M in total assets.</p>— CoinGecko (@coingecko) November 3, 2023
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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>
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 <h2 class="wp-block-heading" id="contending-with-the-north">Contending with the north</h2>
 <p>Despite Canada currently holding the top spot, new <a rel="noopener noreferrer nofollow" title="report" href="https://thebittimes.com/tag/report.html">report</a>s suggest the <a rel="noopener noreferrer nofollow" title="country" href="https://thebittimes.com/tag/country.html">country</a> could very easily be dethroned by its neighbor to the south.</p>
 <p>A Reuters <a rel="noopener noreferrer nofollow" title="report" href="https://thebittimes.com/tag/report.html">report</a> dated 3 days 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>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/canada-reported-top-country-for-spot-bitcoin-etfs-tbt68970.html">https://thebittimes.com/canada-reported-top-country-for-spot-bitcoin-etfs-tbt68970.html</a></p>

Canada reported top country for spot Bitcoin ETFs

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