ETP - Spot Bitcoin ETF Approval May Lead To Chasing Crypto ETP Market's $50B Value: Report | Benzinga
The cryptocurrency exchange-traded products (ETPs) market is currently valued at a significant $50.3 billion, BitMEX Research report indicates.
The research highlights the maximized presence of Bitcoin (CRYPTO: BTC) with Bitcoin ETP's total value at $35.4 billion.
Grayscale Bitcoin Trust (OTCMKTS: GBTC) leads the list with $27.08 billion in assets, followed by ProShares Bitcoin Strategies (BITO) at $1.65 billion.
Ethereum's (CRYPTO: ETH) contribution to the list stands at $8.8 billion with Grayscale Ethereum Trust boasting $6.9 billion in assets followed by XBT Provider Ethereum (EUR) at $535.2 million.
Also Read: Will Spot Bitcoin ETF Approval Be A Boon Or Bane? Here's What Industry Experts Say
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