tokenized ETFs have seen 406,100% growth in just under 3 years
from an onchain value of $104.6K in June 2024 to $418.0M today
top assets:
- IVVon: $66.m
- SPYon: $40.2m
- IBITon: $40.1m
- QQQon: $34.7m
- SPYx: $33.9m
four of the assets above are issued by Ondo Finance
$IVVon is the largest tokenized ETF asset with a 15.8% market share
top issuers:
- ondo finance: $322.1m
- xStocks: $68.7m
- dinari: $15.0m
- robinhood: $8.9m
- shift: $3.8m
ondo finance leads all issuers with 74.7% of the total onchain ETF market cap
top chains:
- ethereum: $312.9m
- solana: $65.0m
- arbitrum: $21.8m
- bnb chain: $17.6m
- ink: $1.2m
- base: $328.8k
ethereum is the leading chain by onchain ETF value, accounting for 74.7% of the total market cap
base is the takeaway for me here, with just 0.1% of the total tokenized ETF onchain market cap
i’m expecting base to capture a larger share of the tokenized ETF market going forward
ondo finance continues to dominate when it comes to tokenized assets
so it’s no surprise they’re also the leading ETF issuer
the total tokenized ETF market cap is still relatively small compared to other tokenized asset categories, such as stocks
i wouldn’t be surprised to see it surpass $1B within the next year
still early days for tokenized EFTs btw