Ethereum leads tokenized ETF market with $303M market cap

Ethereum still holds the biggest slice of a fast-growing but tiny tokenized ETF market, even as BNB Chain and Solana close in on adjacent turf Ethereum holds the largest market cap in the tokenized ETF market, at $303 million, according to data shared on X. 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.