The number of unique holders of tokenized exchange-traded funds (ETFs) surged 11,803% year over year (YoY) to an all-time high (ATH) on May 20.
As of press time, the number of tokenized ETF holders was about 44,400, up from 373 a year ago, according to metrics from Token Terminal analyzed by Finbold. Consequently, the unique addresses holding tokenized ETF surged by approximately 119-fold YoY.
Tokenized assets analysis. Source: Token Terminal
With the growing number of investors in tokenized ETFs, the sector has grown in tandem, reaching a market capitalization of roughly $437.6 million at the time of publication. The most demanded tokenized ETFs among these users over the past year have been SPYx (SPDR S&P 500 ETF Trust) and QQQx (Invesco QQQ Trust), with market shares of 49.3% and 18.7%, respectively.
Notably, the Solana (SOL) network accounts for the sector’s lion’s share, currently estimated at around 67.2%. Meanwhile, the BNB chain and the Ethereum (ETH) netwo
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