– Recent study shows that crypto ETFs account for 9 of top 25 ETPs with a combined $4.52 billion in total assets.- COINXBT and COINETH are the world’s top crypto ETNs by assets, while HASH11 is the world’s leading crypto ETF.- The same report indicates the popularity of Bitcoin and Ethereum among TradFi, with almost 80% of ETPs focusing on BTC and ETH.- Grayscale Bitcoin Trust was left out because the GBTC is traded over the counter.While much has been made of the long queue of crypto ETFs awaiting approval, quite a few already exist, and their total assets have reached $4.52 billion, according to data from a recent research.Exchange Traded Products (ETPs), more broadly, of which ETFs are a subset, have a longstanding presence in the market as will be detailed below.Also Read: [SEC Chair says staffs’ recommendation will be vital for Bitcoin Spot ETF approvals after Grayscale ruling.](https://www.fxstreet.com/cryptocurrencies/news/sec-chair-says-staffs-recommendation-will-be-vital-for-bitcoin-spot-etf-approvals-after-grayscale-ruling-202309121848) Cryptocurrency ETPs with a focus on ETFs [Cryptocurrency](https://www.fxstreet.com/cryptocurrencies) Exchange-Traded Products ( [ETPs](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-etp-issuer-fidelity-funds-new-crypto-marketplace-as-sec-goes-after-binance-coinbase-202306201900)), have become a popular subject amid the US Securities and Exchange Commission’s (SEC) streak of delays on Bitcoin Spot Exchange-Traded Fund (ETF) applications.A recent Bloomberg study on cryptocurrency data aggregator CoinGecko has deciphered the subject, with the top 25 crypto ETP’s valued at XYZ and crypto ETFs accounting for a combined $4.52 billion.
Crypto ETPs are financial tools trading on exchanges, offering investors exposure to investment opportunities – in this case the cryptocurrency market.They are crucial in linking traditional finance (TradFi) to the crypto scene.
An ETF is a type of ETP but with regulatory specifics.Other ETPs include Exchange-Traded Notes (ETNs) and Exchange-Traded Commodities or Cryptos (ETCs).
ETFs stand out for “offering a more direct exposure to crypto assets and diversification where relevant,” with Hashdex Nasdaq Crypto Index FI (HASH11) and ProShares Bitcoin Strategy ETF (BITO) standing as clear examples.Unlike in the US, where ETFs are common, Europe offers ETPs, ETNs, and ETCs because of fund regulations.ETNs define debt securities, tracking cryptocurrency assets without direct ownership.In this regard, COINXBT, the XBT Provider Bitcoin Tracker One, and ABTC, the 21Shares’ Bitcoin ETP, pass as examples.
Conversely, cryptocurrency ETCs are physically backed, with the provider holding the asset itself.Examples include BTCE and BITC, the ETC Group Physical Bitcoin, and CoinShares Physical Bitcoin.Top crypto ETFs and ETPs by assets The report ranks COINXBT as the world’s top crypto ETP with up to $4.43 billion in asset size and 71.6% larger than the next largest, COINETH, the Ethereum tracker, with up to $2.58 billion in asset size.On the other hand, HASH11 ranks as the top crypto ETF with up to $1.07 billion in asset size.Based in Brazil, the Hashdex Nasdaq Crypto Index FI “Is the biggest offering to track crypto more broadly, across both ETFs and ETPs.” Grayscale Bitcoin Trust ( [GBTC](https://www.fxstreet.com/cryptocurrencies/news/grayscale-gbtc-to-etf-approval-by-us-sec-would-be-a-double-edged-sword-bloomberg-analysts-202308302359)) was left out because it is traded over the counter (OTC).Nevertheless, out of the 25, nine are crypto ETFs with a combined $4.52 billion in total assets.Five are crypto ETNs, accounting for $8.09 billion in total assets, while eight are ETCs with up to $1.68 billion in total assets.There is one investment trust and two closed-end funds (CEFs), completing the list of 25.
List of top 25 crypto ETFs and ETPs as of September 11 Note the multiple appearances of Cathie Wood’s 21Shares at positions 14, 15, 17, and 25 in the race for largest ETPs.The #15, 21Shares Binance BNB ETP (ABNB), is the only one in the top 25 ETPs focusing on Binance Coin ( [BNB](https://www.fxstreet.com/cryptocurrencies/news/bnb-open-interest-nears-400-million-as-bulls-step-in-202309010134)).The combined total assets for 21Shares is $767.92 million.Also Read: [ARK Invest and 21Shares submit two joint Ethereum futures ETF applications after SEC remission.](https://www.fxstreet.com/cryptocurrencies/news/ark-invest-and-21shares-submit-two-joint-ethereum-futures-etf-applications-after-sec-remission-202308250201) Bringing crypto to TradFi Based on the report, Bitcoin and Ethereum are popular among the top 25 crypto ETPs.
Specifically, twelve focus exclusively on BTC, while seven focus on [Ethereum](https://www.fxstreet.com/cryptocurrencies/ethereum).This is relative to the “three broader crypto-themed offerings and two blockchain-themed ETFs made it into the top 25.” The data points to the amount of confidence investors in the [TradFi](https://www.fxstreet.com/cryptocurrencies/news/link-trading-volume-skyrockets-160-price-shoots-10-as-chainlink-activates-ccip-for-defi-tradfi-integration-202307172324) space have in BTC and ETH as alternative investments as opposed to other altcoins in the crypto sector.
Crypto ETF FAQs What is an ETF? An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset.ETFs can not only track a single asset, but a group of assets and sectors.
For example, a Bitcoin ETF tracks Bitcoin’s price.ETF is a tool used by investors to gain exposure to a certain asset.Is Bitcoin futures ETF approved? Yes.
The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021.
A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission.The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.Is Bitcoin spot ETF approved? Bitcoin spot ETF has been approved outside the US, but the SEC is yet to approve one in the country.After BlackRock filed for a Bitcoin spot ETF on June 15, the interest surrounding crypto ETFs has been renewed.
Grayscale – whose application for a Bitcoin spot ETF was initially rejected by the SEC – got a victory in court, forcing the US regulator to review its proposal again.The SEC’s loss in this lawsuit has fueled hopes that a Bitcoin spot ETF might be approved by the end of the year.Information on these pages contains forward-looking statements that involve risks and uncertainties.Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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Errors and omissions excepted.The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.[Join Telegram](https://t.me/fxstreetcrypto) Follow us on Telegram Stay updated of all the news Recommended Content Editors’ Picks [US CPI annual inflation comes in above expectations at 3.7%, Bitcoin price rests above $26,000](https://www.fxstreet.com/cryptocurrencies/news/us-cpi-annual-inflation-comes-in-above-expectations-at-37-bitcoin-price-rests-above-26-000-202309131315) [](https://www.fxstreet.com/cryptocurrencies/news/us-cpi-annual-inflation-comes-in-above-expectations-at-37-bitcoin-price-rests-above-26-000-202309131315) United States CPI data was released by the US Bureau of Labor Statistics (BLS).While the market was expecting an increase in inflation on a yearly basis, it was taken by surprise as the actual CPI rate exceeded the forecasts.
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