Bitcoin ETFs in US, Canada Ranked Largest by BTC Holdings: Report

Published 10/12/2023, 01:49 PM
Updated 10/12/2023, 02:15 PM
© Reuters.  Bitcoin ETFs in US, Canada Ranked Largest by BTC Holdings: Report
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  • CoinGecko ranked ProShares’ Bitcoin ETF as the largest ETF by number of BTC holdings.
  • ProShares has 35,970 BTC holdings, while second-placed Purpose Bitcoin ETF has over 25,000 BTC.
  • South America’s first Bitcoin ETF, QBTC11, ranked 11 overall with 727 Bitcoin holdings.

Cryptocurrency price tracker CoinGecko, in a recent report, revealed the 12 largest spot and futures Bitcoin Exchange-Traded Funds (ETFs) by BTC Holdings. According to the report, Bitcoin ETFs in the United States and Canada make up 10 out of the top 12, with Brazil and Bermuda completing the list.

In particular, the report placed ProShares Bitcoin Strategy ETF at the top of the list, with holdings of 35,970 BTC. Launched in 2021, Proshares was the first ETF to trade on a major exchange in the US after riding on the last bull market. ProShares Bitcoin ETFs constitute 16.6% of all Bitcoin ETFs, and are available to trade in the US.

Canadian-based Purpose Bitcoin ETF ranked second, holding over 25,000 BTC as of September 2023. According to the report, the ETF, launched in February 2021, was the first spot Bitcoin ETF in North America. The ETF trades on the Toronto Stock Exchange and has ove…

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