Crypto ETF Weekly Report | Last week, US Bitcoin spot ETF net inflows of US$2.75 billion; US SEC delays review of XRP and LTC ETF applications
Reprinted from chaincatcher
05/26/2025·14DCompiled by: Jerry, ChainCatcher
Crypto spot ETF performance last week
US Bitcoin spot ETF net inflows of US$2.75 billion
Last week, US Bitcoin spot ETFs had net inflows for five consecutive days, with a total net inflow of US$2.75 billion and a total net asset value of US$131.39 billion.
Last week, six ETFs were in a net inflow, mainly from IBIT, FBTC, and ARKB, with inflows of US$2.432 billion, US$209 million and US$101 million respectively.
Source: Farside Investors
US Ethereum spot ETF net inflows of US$248 million
Last week, U.S. Ethereum spot ETFs had net inflows for five consecutive days, with a total net inflow of US$24.8 billion and a total net asset value of US$9.12 billion.
Inflows last week were mainly from BlackRock ETHA, with a net inflow of $136 million. There are 4 Ethereum spot ETFs in total and there is no capital flow.
Source: Farside Investors
Hong Kong Bitcoin Spot ETF Net Inflow 203.78 Bitcoins
Last week, Hong Kong Bitcoin spot ETFs had a net inflow of 203.78 bitcoins, with a net asset value of US$487 million. Among them, the issuer Jiashi Bitcoin held by the number of Bitcoin fell to 301.93, while China increased to 2,460.
Hong Kong Ethereum spot ETF has no capital inflow and its net asset value is US$59.47 million.
Source: SoSoValue
Crypto spot ETF Option performance
As of May 23, the nominal total transaction volume of US Bitcoin spot ETF options was US$1.43 billion, and the nominal total transaction ratio was 2.46.
As of May 22, the total nominal holdings of US Bitcoin spot ETF options reached US$15.80 billion, and the total nominal holdings reached 2.29.
The market's trading activity against Bitcoin spot ETF options has increased in the short term, and overall sentiment is bullish.
In addition, the implied volatility is 52.37%.
Source: SoSoValue
A brief overview of the dynamics of encrypted ETFs last week
According to Cointelegraph, the government, the national pension fund and sovereign wealth fund are increasing investment in Bitcoin ETFs. This trend is mainly driven by factors such as de-dollarization, changes in energy markets and increased institutional confidence.
According to a Bloomberg analyst James Seyffart, "As expected, several crypto ETFs have been delayed by the US SEC again. The extension projects include Bitwise and CoinShares' XRP ETF; Litecoin ETF filing and Fidelity's physical Bitcoin ETF. However, the application for TRX staking ETF submitted by Canary Capital has been officially accepted."
Volatility Shares to launch its first XRP futures ETF on Nasdaq
According to DL News, Volatility Shares will launch its first XRP Futures ETF (XRPI) on Nasdaq today, which invests at least 80% of its net assets in XRP-related financial instruments. The company also plans to launch a 2x leverage XRP futures ETF product.
Previously, the Chicago Mercantile Exchange (CME) launched XRP futures and micro XRP futures contracts on May 19, providing institutional investors with regulatory channels to access XRP.
Analysts expect that the spot XRP ETF is expected to be approved later this year, with a market expectation probability of 83%.
Canary Digital updates Solana ETF application documents and modifys product name
Canary Digital filed a Post-Effective Amendment to the U.S. Securities and Exchange Commission (SEC) to update its Solana ETF application documents, according to Eric Balchunas, senior Balchunas, senior ETF analyst.
This update changes the product name to "Canary Marinade Solana ETF" and adds the word "Marinade" to the original name. The document was filed under the Securities Act of 1933 and is the first post-effective amendment to the product.
SEC delays XRP and DogecoinETF decisions
According to The Block, the Securities and Exchange Commission (SEC) announced on May 20 that it would postpone the decision period for the proposals for the XRP Trust and the Grayscale Dogecoin Trust ETF submitted by 21Shares and Grayscale. The SEC stated in the document that the move was based on the legal and policy issues involved in the proposals and stressed that this did not mean that the Commission had concluded the relevant issues. At the same time, the SEC also delayed the proposal decision to allow stakes for Bitwise Ethereum ETF.
No matter who is led by the SEC, agencies usually spend all their approval time, and are expected to see approval as early as late June or early July, but are more likely to occur in the early fourth quarter, according to analyst James Seyffart, a Bloomberg Intelligence ETF.
US SEC acknowledges the physical redemption of BlackRock spot Ethereum ETF
Perspectives and analysis on encrypted ETFs
Bloomberg analyst: Pioneer Fund may open Bitcoin ETF trading in the next 1-2 years
Eric Balchunas, senior ETF analyst at Bloomberg, said on social media that Vanguard may never launch a Bitcoin ETF product, but restrictions may be relaxed in the next one to two years to allow trading of Bitcoin ETFs on its platform.
He noted that if Bitcoin prices hit $150,000-$200,000, facing pressure from ongoing clients’ consultations, and their new CEO is associated with IBIT’s parent company BlackRock, the change could happen.
Robert Kiyosaki, author of "Rich Dad Poor Dad", said on the X platform that Wall Street united to rescue hedge fund LTCM in 1998, and the central bank saved Wall Street in 2008. Each crisis will become bigger. The problem began when Nixon abolished the dollar gold standard in 1971, and the next crisis may be triggered by the collapse of $1.6 trillion student loan debt. For most people, the best way to protect themselves is to save themselves, so they can save spot gold, silver and Bitcoin rather than buy ETFs.
President of The ETF Store: The launch of Ethereum ETF is a helpless move by regulators
According to Nate Geraci, president of The ETF Store, on X, "A year ago, the SEC approved the spot Ethereum ETF "accidentally" and I insisted on the initial view that regulators had no choice but to hope to know the full story one day. Since then, although the regulatory environment has changed a lot, other spot cryptocurrency ETFs have not been formally approved so far."
According to Cointelegraph, ARK Invest CEO Cathie Wood said that crypto exchange-traded funds (ETFs) may maintain their position in the economy regardless of how high crypto wallet adoption will be in the next decade.
“I think ETFs are an important stepping stone because you know, wallets look very complicated and rubbish for consumers, they just want to hit a button,” Cathie Wood said at a Solana Accelerate event in New York on May 23. “So I think ETFs don’t lose much appeal for those who are pursuing convenience.”
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