Ethereum leads tokenized ETF market with $303M market cap

Ethereum holds the largest market cap in the tokenized ETF market, at $303 million, according to data shared on X. The numbers behind Ethereum’s lead Think of a tokenized ETF as a digital receipt for a share of a regular fund. The token lives on a blockchain, while the underlying asset sits with an issuer that backs it. The practical upshot: you can hold and move fund exposure the way you’d move any crypto token, including outside normal market hours. Ethereum’s dominance in this niche has been consistent, though not static. Research tracking the sector shows Ethereum commanded approximately 74% of the tokenized ETF market in May 2026, worth roughly $321 million. By July, its share had slipped to about 62%, even as its value rose to approximately $326 million. In August 2026, Ethereum held 52.5% of the market, with a market cap of roughly $335 million. The $303 million figure now attached to Ethereum sits below that August level. It still keeps the network in first place. The total tokenized ETF market grew quickly over the same period. It stood at approximately $297.5 million at the end of Q1 2026 and reached $639 million by August 2026. Ondo, BlackRock and the issuers doing the h...