Crypto ETF Weekly Report | Last week, the US Bitcoin spot ETF saw a net inflow of US$256 million, and Crypto.com launched ETF trading in the United States.

Organized by: Fairy, ChainCatcher

Crypto spot ETF performance last week

U.S. Bitcoin Spot ETF saw net inflows of $256 million

Last week, the U.S. Bitcoin spot ETF saw a net inflow of US$256 million, with a total net asset value of US$111.46 billion, and an average single-day trading volume of US$2.8 billion. On January 3, net inflows were US$908 million, the highest since November 21.

Inflows mainly came from Fidelity FBTC and ARK Invest’s ARKB, with net inflows of US$275 million and US$200 million respectively. Three ETFs are experiencing net outflows, of which BlackRock IBIT has a net outflow of US$139 million and Grayscale GBTC has a net outflow of US$167 million. In addition, there are 4 ETFs with no liquidity.

On January 2, BlackRock's Bitcoin Spot ETF had a net outflow of 3,412 Bitcoins, worth approximately US$330 million, which was the highest net outflow record since the ETF was created.

Source: Farside Investors

U.S. Ethereum spot ETF saw net outflow of $ 38.1 million

The U.S. Ethereum spot ETF changed from a net inflow to a net outflow. Last week, there was a net outflow of US$38.1 million, with a total net asset value of US$13.03 billion, and an average single-day trading volume of US$368 million.

The outflows mainly came from Bitwise ETHW and Grayscale ETHE, with outflows of US$56.1 million and US$51.6 million respectively.

Note: The U.S. stock market was closed on January 1, so there is no data on that day.

Source: Farside Investors

Hong Kong Bitcoin Spot ETF saw a net inflow of 4.98 Bitcoins

Hong Kong crypto ETF liquidity was low last week, with only one day seeing capital flows. The Hong Kong Bitcoin Spot ETF changed from net outflow to net inflow, with a net inflow of 4.98 Bitcoins, and a net asset value of US$413 million.

The Hong Kong Ethereum Spot ETF has no capital flow, with a net asset value of US$64.91 million.

Note: The Hong Kong stock market was closed on January 1, so there is no data on that day.

Data:SoSoValue

Crypto Spot ETF Options Performance

As of January 3, the total nominal trading volume of U.S. Bitcoin spot ETF options was US$576 million, and the total nominal trading long-short ratio was 1.88. As of January 2, the total nominal holdings of U.S. Bitcoin spot ETF options reached US$9.21 billion, and the long-short ratio of total nominal holdings reached 1.77. Market sentiment is biased toward bullishness.

Additionally, the implied volatility is 61.06%.

Data:SoSoValue

A look at last week’s crypto ETF news

Crypto.com expands in US, launches zero-commission stock and ETF trading

Crypto.com has expanded its offerings in the United States, launching stock and exchange-traded fund (ETF) trading on its platform.

According to a statement on January 3, the company said its users can now manage stocks and ETFs as well as their cryptocurrency portfolios directly through their app. The platform offers zero-commission trading, zero-commission stock options and seamless asset transfers. The feature will initially roll out in Pennsylvania, Ohio, Washington and Arizona, and will soon roll out nationwide.

BlackRock IBIT ranks third in 2024 ETF rankings

In the ranking of the top 20 ETFs in 2024, VOO closed at US$116 billion, US$65 billion higher than the old record; IVV closed strongly at US$89 billion, and BlackRock Bitcoin ETF IBIT ranked third with US$37 billion.

BlackRock owns 1,101 funds. Its Bitcoin ETF IBIT ranks 13th among all funds by the end of 2024, with an asset management scale of US$52 billion (reaching this level in less than 1 year).

Opinion and Analysis on Crypto ETFs

[President of The ETF Store: Will see applications for “BTC-denominated

inverse cap-weighted S&P 500 ETF” within two months](https://www.chaincatcher.com/article/2160737)

Nate Geraci, president of The ETF Store, published his prediction on the .

[VanEck head of research: US approval of SOL ETF 'highly likely' in

2025](https://www.chaincatcher.com/article/2160431)

Cryptocurrency prediction platform Polymarket previously stated that the probability of the U.S. Solana ETF being listed in 2025 is about 77%.

Matthew Sigel, director of research at VanEck, said the forecast was underestimated. In June 2024, VanEck and rival asset manager 21Shares sought permission from U.S. regulators to list a spot Solana ETF. In November, shortly after Trump won the U.S. presidential election, Matthew Sigel said the likelihood of U.S. approval of the SOL ETF in 2025 was "extremely high."

[The President of The ETF Store releases the top five predictions for

crypto ETFs in 2025, including spot Ethereum ETF options and staking](https://www.chaincatcher.com/article/2160285)

Nate Geraci, president of The ETF Store, posted on X: “Here are my top five predictions for cryptocurrency ETFs in 2025 (ordered by confidence):

1. Spot BTC and ETH joint ETF launched (obvious)
2. Spot ETH ETF Options Trading
3. Spot BTC and ETH ETF physical creation/redemption
4. Spot ETH ETF Pledge
5. Spot SOL ETF approved

In fact, these will happen. "

[Steno Research: Bitcoin and Ethereum ETFs are expected to see net

inflows of US$48 billion and US$28.5 billion respectively this year](https://www.chaincatcher.com/article/2160215)

Steno Research said in a report released recently that its bullish forecast for BTC and ETH prices reflects “the unprecedentedly favorable regulatory environment for cryptocurrencies, a supportive macroeconomic environment marked by falling interest rates and improving liquidity, and the Historically strong performance after coin halving.”

It also said, “On top of this, institutional adoption is expected to reach unprecedented levels, with large inflows into U.S. Bitcoin and Ethereum ETFs further driving this trend.”

Steno expects BTC and ETH ETFs to see net inflows of $48 billion and $28.5 billion respectively in 2025.

In addition, the report states that DApp TVL is expected to exceed US$300 billion by 2025, far exceeding the high of approximately US$180 billion in 2021.