Cryptocurrency ETF Weekly | Last week, the net inflow of Bitcoin spot ETFs in the U.S. was $1.63 billion, and the SEC once again delayed the listing of Ethereum spot ETF options on the NYSE

*Organizer: Fairy, * ChainCatcher

Last Week's Crypto Spot ETF Performance

Last week, possibly benefiting from the market sentiment brought by the U.S. elections, the total holdings of global Bitcoin spot ETFs increased significantly by 15,902 Bitcoins. U.S. ETFs (excluding Grayscale) became the main force for accumulation, adding 16,386 Bitcoins, while German ETFs also slightly increased their holdings by 13 Bitcoins. Meanwhile, Grayscale, Canadian, and other countries' Bitcoin spot ETFs were in a state of reduction.

Data from @Phyrex_Ni

U.S. Bitcoin Spot ETF Net Inflow of $1.63 Billion

U.S. Bitcoin spot ETFs have shown a trend of inflow for five consecutive weeks, with a net inflow of $1.63 billion last week, bringing the total net asset value to $78.91 billion. On November 7, the total net inflow of Bitcoin spot ETFs reached $1.376 billion, setting a historical record.

In terms of trading volume, on November 6, the total trading volume of Bitcoin spot ETFs reached $6.07 billion in a single day, the highest since mid-March this year, with BlackRock's IBIT achieving a single-day trading volume of $4.14 billion, setting a new historical high. Additionally, BlackRock's Bitcoin ETF assets have surpassed its gold ETF, taking only 10 months.

Source: Farside Investors

U.S. Ethereum Spot ETF Net Inflow of $154.7 Million

Last week, the U.S. Ethereum spot ETF had a net inflow of $154.7 million, with a total net asset value now at $8.27 billion. On November 8, the net inflow was $85.9 million, setting the third-highest single-day net inflow record in history. The trading volume on that day reached $496 million, the highest level since August 5.

BlackRock's ETHA had the highest net inflow, reaching $94.5 million; Fidelity's FETH followed closely with a net inflow of $42.7 million. Only Grayscale's ETHE and Ethereum Mini Trust ETH experienced net outflows.

Source: Farside Investors

Hong Kong Bitcoin Spot ETF Net Outflow of 9.97 Bitcoins

The Hong Kong Bitcoin spot ETF has been in a net outflow state for five consecutive weeks, with a net outflow of 9.97 Bitcoins last week, and a net asset value of $32.1 million. On November 6, the single-day trading volume of the Bitcoin spot ETF reached $12.57 million, setting a new high since August 5.

The Ethereum spot ETF showed no capital movement, with a total net asset value now at $4.251 million. On November 6, the single-day trading volume of the Ethereum spot ETF reached $2.84 million, setting a historical record since August 5.

Note: Data for the Hong Kong ETF on November 5 is missing, which may lead to discrepancies.

Data: SoSoValue

Overview of Crypto ETF Dynamics Last Week

The U.S. SEC has once again delayed its decision on the listing of spot Ethereum ETF options on the New York Stock Exchange. The SEC stated in a submitted document that the delay aims to conduct further analysis and gather public opinions, particularly regarding whether the proposed rule changes comply with the requirements of the Securities Exchange Act.

The SEC emphasized concerns about the potential impact of the proposal on preventing market manipulation, protecting investors, and ensuring a fair trading system, which fall under the provisions of Section 6(b)(5) of the Securities Exchange Act.

The Michigan pension fund has purchased Ethereum ETFs, having previously invested in Bitcoin ETFs, but this time the purchase of Ethereum ETFs is larger, reaching $10 million, compared to the $7 million invested in Bitcoin ETFs.

Views and Analysis on Crypto ETFs

Nansen Analyst: Trump's Victory May Accelerate the Listing Process of the First Staked Ethereum ETF

Trump's victory in the U.S. presidential election may pave the way for more diversified cryptocurrency financial products.

Nansen analyst Edward Wilson stated that the Trump administration may embrace more innovations in the cryptocurrency industry, including the launch of the first staked Ethereum ETF. Wilson said, "Given that the regulatory environment may be favorable to cryptocurrencies, we might even see the first staked Ethereum ETF approved early in this new administration, which would fully leverage the advantages of ETH as an asset. If this happens, ETH will become an exciting asset worth watching."

The ETF Store President: A Staked Ethereum ETF Will Definitely Pass, and Trump's Election Will Accelerate This Process

The ETF Store President Nate Geraci stated, "In any case, the staked ETH ETF will happen. (If) under Trump's administration, this situation will occur more quickly."

Additionally, Nate Geraci mentioned that the rebound in net inflows for Ethereum ETFs is just a matter of time.