Key Points
Nov 3 (Reuters) - Global assets invested in exchange-traded funds (ETFs) tied to the spot price of bitcoin now total $4.16 billion, according to CoinGecko, a cryptocurrency data and analysis company...
Nearly half of that sum, or $2 billion, is invested in the seven spot bitcoin ETFs that have been launched in Canada since 2021..
To date, U.S. regulators have given the nod only to ETFs tied to futures contracts, such as ProShares Bitcoin Strategy , which has about $1.2 billion in assets..
There are also much smaller products traded in Brazil and Australia.. "It remains to be seen if the potential US spot Bitcoin ETFs will be able to capture stronger investor interest and overtake" the Canadian and German ETFs, Coin Gecko said...
There's fierce debate about the potential size of the U.S. spot bitcoin ETF market, with estimates starting at $1 billion or more in first-day demand...
