The tokenized ETF market reached $673 million in market capitalization in Q3, marking roughly 59% growth from the previous quarter.
BNB Chain was one of the biggest drivers, with its tokenized ETF market cap growing more than 4x to nearly $160 million during the quarter.
The market is still highly concentrated, though. The top three networks now account for around 84% of the total tokenized ETF market.
That concentration could change as more networks and platforms enter the sector, but the growth shows that tokenized versions of traditional investment products are gaining traction onchain.
$673M today. The bigger question is how large tokenized ETFs can become as traditional assets keep moving onchain. $BNB
$QNT
BNB Chain was one of the biggest drivers, with its tokenized ETF market cap growing more than 4x to nearly $160 million during the quarter.
The market is still highly concentrated, though. The top three networks now account for around 84% of the total tokenized ETF market.
That concentration could change as more networks and platforms enter the sector, but the growth shows that tokenized versions of traditional investment products are gaining traction onchain.
$673M today. The bigger question is how large tokenized ETFs can become as traditional assets keep moving onchain. $BNB
$QNT
