Crypto ETF Weekly Report | Last week, the US Bitcoin Spot ETF had a net outflow of US$552 million. Canary Litecoin Spot ETF has been listed on the DTCC official website
Reprinted from chaincatcher
02/24/2025·2MCompiled by: Jerry, ChainCatcher
Crypto spot ETF performance last week
US Bitcoin Spot ETF Net Outflow $552 Million
Last week, US Bitcoin spot ETFs experienced net outflows for four consecutive days, with a total net outflow of US$ 552 million and a total net asset value of US$110.8 billion.
Last week, 10 ETFs were in a net outflow, mainly from FBTC, ARKB, and BITB, with outflows of US$153 million, US$107 million and US$105 million respectively.
In addition, only VanEck HODL is a net inflow state.
Source: Farside Investors
US Ethereum spot ETF net inflow of US$1.6 million
Last week, the U.S. spot ETF had a net outflow of US$1.6 million, with a total net asset value of US$9.98 billion, and an average daily turnover of US$346 million.
The outflow last week was mainly from Grayscale ETHE, with a net outflow of $15.8 million. There are 6 Ethereum spot ETFs with no capital flow.
Source: Farside Investors
Hong Kong Bitcoin Spot ETF Net Outflow of 30.19 Bitcoins
Last week, Hong Kong Bitcoin spot ETFs had a net outflow of 19.03 bitcoins, with a net asset value of US$421 million. Among them, the issuer Jiashi Bitcoin held by 357 pieces, while Huaxia has 2,320 pieces.
Hong Kong Ethereum spot ETF had a net outflow of 401 ETH, with a net asset value of US$55.29 million.
Source: SoSoValue
Crypto spot ETF Option performance
As of February 20, the nominal total transaction volume of US Bitcoin spot ETF options was US$577 million, and the nominal total transaction ratio was 1.88. As of February 13, the total nominal holdings of US Bitcoin spot ETF options reached US$13.45 billion, and the total nominal holdings reached 1.98. The market's trading activity against Bitcoin spot ETF options has declined in the short term, but overall sentiment is biased towards bullishness.
In addition, the implied volatility is 53.28%.
Source: SoSoValue
A brief overview of the dynamics of encrypted ETFs last week
Canary Litecoin Spot ETF is listed on the official website of DTCC, with the code LTCC
According to the DTCC official website, the Canary Litecoin spot ETF has been listed on the DTCC official website, the code is LTCC, and the Create/Reden column is displayed as D. While this move does not mean that the ETF has obtained any regulatory approval or any clear approval process results, the DTCC website lists the "standard process" for launching a new ETF.
US SEC confirms receipt of Bitwise's spot XRP ETF application
The U.S. Securities and Exchange Commission (SEC) confirmed Tuesday that Cboe BZX Exchange, a subsidiary of the Chicago Options Exchange Group, submitted an application for listing and trading of Bitwise's spot ETFs. In a document confirming the proposal, the SEC requested that the document be submitted within 21 days from the date of publication of the document in the Federal Register. After that, the agency may decide to approve, disapprove, or “initiate the process.”
The 19b-4 file is the second step in the two-step process of proposing to the SEC to encrypt ETFs. Once confirmed, the document will be published in the Federal Gazette, thereby starting the SEC approval process. The SEC has previously confirmed the XRP spot ETF application submitted by 21Shares and Grayscale, but has not confirmed the applications of Canary Capital and WisdomTree.
According to Bloomberg ETF analysts James Seyffart and Eric Balchunas, the probability of XRP-based ETFs is 65%.
SEC seeks public comment on approval of Grayscale and Bitwise Ethereum ETF options trading
The SEC solicits public comment on approving Grayscale and Bitwise Ethereum ETF options trading. In a filing filed on Tuesday, the U.S. Securities and Exchange Commission (SEC) accepted an application filed by the Chicago Options Exchange involving options trading on the Grayscale Ethereum Trust ETF, the Grayscale Ethereum Mini Trust ETF and the Bitwise Ethereum ETF.
The SEC requires the relevant comments to be submitted within 21 days of the publication of the Federal Register. The agency may decide to approve, reject or “initiate further review procedures.”
Hashdex is approved to launch the world 's first XRP spot ETF in Brazil
The Brazilian Securities Commission (CVM) has approved Hashdex to launch the world's first XRP-based spot ETF in Brazil - HASHDEX NASDAQ XRP FUNDO DE ÍNDICE.
At present, the ETF is in the pre-operation stage and is managed by Genial Investimentos. The official launch date has not been announced yet.
Grayscale Spot XRP ETF has been officially submitted to the Federal Bulletin, with the resolution ending October 18
The Grayscale Spot XRP ETF (19b-4 Application) has been formally submitted to the Federal Gazette, which means that from now on, the SEC will begin review and will decide whether to approve or reject the application by October 18.
The 19b-4 application is a formal document submitted by Grayscale to the SEC, aiming to apply for the launch of an exchange-traded fund (ETF) based on XRP. The document has been officially released in the Federal Gazette, marking the official beginning of the review process.
Under the regulations, the SEC needs to make a decision by October 18. During this time, the SEC may communicate with Grayscale to request more information or clarify related issues.
Franklin Templeton submits spot Solana ETF S-1 document to US SEC
XRP ETF and Solana ETF apply for formal entry into the US SEC Federal Register, awaiting further approval
Australian ETF operator BetaShares launches BTC ETF
US Stock Exchange MEMX applies to SEC to approve its listing of 21Shares XRP ETF
US SEC confirms receiving 21Shares ' proposal to pledge Ethereum ETF
US SEC seeks public comment on WisdomTree XRP ETF proposal
Market News: US SEC confirms that COINSHARES SPOT XRP ETF application has been submitted
US SEC confirms receipt of Litecoin spot ETF application submitted by CoinShares
Perspectives and analysis on encrypted ETFs
According to Bloomberg ETF analyst Eric Balchunas, although the listing of LTC ETF in DTCC does not mean that the product has been approved or trading is about to begin, it shows that the issuer is preparing for future approved transactions, and the approval may be the current one Sex remains at 90%.
Eric Balchunas, a senior ETF analyst at Bloomberg, commented on X platform "PlanB transfers Bitcoin to ETF", saying: "If this news is true, then as a big V with 2 million followers, PlanB's approach is enough to illustrate exchange trading. How powerful is the convenience provided by the fund, and there is no need to worry about being robbed with a gun. On the other hand, it is also understood that those who want to control and master the keys themselves, they do want to control the keys themselves."
Nate Geraci, president of The ETF Store, said on social platforms that fund giant Charles Schwab has set up a digital asset manager position and is expected to provide crypto spot trading services, which is one of the largest brokerage firms in the United States.
According to Eric Balchunas, senior Bloomberg ETF analyst, on X, the asset holding ratio of 13F filing institutions in most Bitcoin ETFs has reached 25-30%, and is expected to eventually reach a 40% level similar to that of Gold ETF (GLD). , that is, there is still room for growth of 10-15%.
Luca Sorlini, product owner at Northstake, a virtual asset service provider, said he believes that once the XRP ETF is approved, the reasonable inflows in the first week will range between $400 million and $800 million.
Luca Sorlini added that his forecast will depend on a variety of factors, including overall market conditions, the number of competitive ETFs that will be launched simultaneously if approved at the same time, and more importantly, the institutional interest in the issuance.
However, currently, senior Bloomberg ETF analysts James Seyffart and Eric Balchunas believe that the probability of XRP ETF being approved is 65%. Because the attributes of this token as a security or a commodity are still an open question.
Crypto analyst Miles Deutscher pointed out that since the election boom, the inflow of funds from Bitcoin and Ethereum ETFs has slowed significantly. Due to the forward-looking market, most ETF buyers have already laid out the positive factors that Trump may take office in advance. With these demands being digested in advance, the market is waiting for the next catalyst to drive price increases.
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