CoinGecko: The United States accounts for 83% of the Bitcoin spot ETF market, surpassing Canada to take first place

According to a newly released report from CoinGecko, Bitcoin spot ETFs are currently incorporated in 11 countries around the world and trade in only 6 geographical markets. The leading Bitcoin ETF spot markets are the United States, Europe, and Canada. Specifically, the United States has become the number one market for Bitcoin spot ETFs, with the 10 Bitcoin spot ETFs approved earlier this year with a total asset size of $34.78 billion. The United States currently accounts for an overwhelming 83.3% of the $41.14 billion global spot Bitcoin ETF market, surpassing Canada, which previously led the market with 46.3%. Despite this, Canada remains a major player in the global spot Bitcoin ETF market, with the second-largest market share at 7.4%. Canada’s six spot Bitcoin ETFs remain resilient, with total assets at $3.09 billion, compared with $2.79 billion on December 18, 2023. This suggests that net outflows from the country’s Bitcoin spot ETFs are not significant given the rise in Bitcoin prices. Europe remains the main spot market for Bitcoin ETFs, with total assets of $3.67 billion and 8.8% of the global market share. Europe has the largest number of spot Bitcoin ETFs, with 13 ETFs registered in Jersey, Guernsey, Germany, Switzerland and Liechtenstein.