Cryptocurrency ETF Weekly | Last week, the U.S. Bitcoin spot ETF saw a net outflow of $165 million; Grayscale submitted the S-1 form for the Solana ETF to the SEC
Bitwise has launched three ETFs that track the options income strategies of Strategy, Coinbase, and MARA.Organizer: Jerry, ChainCatcher
Last Week's Cryptocurrency Spot ETF Performance
U.S. Bitcoin Spot ETF Net Outflow of $165 Million
Last week, the U.S. Bitcoin spot ETF experienced a net outflow over four days, totaling $165 million, with a total net asset value of $94.45 billion.
Six ETFs were in a net outflow state last week, with outflows primarily from GBTC, BTCW, and IBIT, which saw outflows of $95.5 million, $44.6 million, and $35.5 million, respectively.
Data Source: Farside Investors
U.S. Ethereum Spot ETF Net Outflow of $50 Million
Last week, the U.S. Ethereum spot ETF had a net outflow over three days, totaling $50 million, with a total net asset value of $6.16 billion.
The outflow last week primarily came from Grayscale ETHE, with a net outflow of $31.1 million. There were a total of 2 Ethereum spot ETFs with no fund movement.
Data Source: Farside Investors
Hong Kong Bitcoin Spot ETF Net Inflow of 9.93 Bitcoins
Last week, the Hong Kong Bitcoin spot ETF had a net inflow of 9.93 Bitcoins, with a net asset value of $35.3 million. The issuer, Harvest Bitcoin, maintained a holding of 357 Bitcoins, while Huaxia decreased to 2,230 Bitcoins.
The Hong Kong Ethereum spot ETF had no movement, with a net asset value of $3.61 million.
Data Source: SoSoValue
Cryptocurrency Spot ETF Options Performance
As of April 7, the nominal total trading volume of U.S. Bitcoin spot ETF options was $1.61 billion, with a nominal total long-short ratio of 1.41.
As of April 4, the nominal total open interest of U.S. Bitcoin spot ETF options reached $10.06 billion, with a nominal total long-short ratio of 1.94.
The market's short-term trading activity for Bitcoin spot ETF options has increased, with overall sentiment leaning bullish.
Additionally, the implied volatility was 56.08%.
Data Source: SoSoValue
Overview of Last Week's Cryptocurrency ETF Dynamics
Grayscale Applies for S-3 Registration for Its Digital Large Cap Fund, Plans to Launch ETF
According to the SEC's official website, Grayscale submitted the S-3 form on April 1, planning to register its Grayscale Digital Large Cap Fund as an exchange-traded fund (ETF).
Grayscale Announces Launch of Bitcoin Covered Call Options ETF and Bitcoin Premium Income ETF
According to GlobeNewswire, Grayscale Investments announced the launch of the Grayscale Bitcoin Covered Call Options ETF (Ticker: BTCC) and the Grayscale Bitcoin Premium Income ETF (Ticker: BPI).
These two funds are among the first exchange-traded funds (ETFs) under Grayscale to adopt a covered call options strategy, aiming to create differentiated income sources for investors through Bitcoin's volatility characteristics.
BTCC primarily seeks stable income while participating in price fluctuations through Bitcoin-related options. The fund earns premiums by selling call options close to the current price and distributes dividends to investors monthly. This strategy is suitable for investors looking for stable cash flow while profiting from Bitcoin's volatility. Premium income can also provide some buffer during market downturns.
BPI aims to retain Bitcoin's upside potential while generating income by selling deeply out-of-the-money call options. Investors can gain some option income while benefiting from Bitcoin's potential price increase. Both funds employ an active options strategy and distribute dividends monthly.
Bitwise Launches Three Options Income Strategy ETFs Tracking Strategy, Coinbase, and MARA
Bitwise announced on platform X the launch of three options income strategy ETFs tracking Strategy, Coinbase, and MARA, namely: Bitwise MSTR Options Income Strategy ETF (IMST), Bitwise COIN Options Income Strategy ETF (ICOI), and Bitwise MARA Options Income Strategy ETF (IMRA).
It is reported that ICOI, IMRA, and IMST are distributed by Foreside Fund Services, LLC, which is not affiliated with Bitwise or any of its subsidiaries.
According to crypto journalist Eleanor Terrett, this week, a delegation from BlackRock, the world's largest asset management company, met with the SEC's cryptocurrency working group to discuss the company's existing crypto ETFs and the possibility of allowing future physical redemptions and creating them.
First Trust Launches Its First Bitcoin Strategy ETF
Grayscale Submits S-1 Form for Solana ETF to the SEC
Market News: VanEck Registers BNB ETF in Delaware
Views and Analysis on Cryptocurrency ETFs
Data: Average Unrealized Gains for Bitcoin ETF Holders Reach 17%
According to CryptoQuant data, the average unrealized return for Bitcoin spot ETF holders is currently 17%. This data reflects that ETF investors are generally in a profitable state in the current market phase.
Matrixport: Short-term Inflows into Bitcoin ETFs Are Unlikely to Rebound, Gold Performs Better
Matrixport released a chart today stating that Bitcoin ETFs have seen net outflows for the second consecutive month. Although inflows year-to-date remain positive ($1.05 billion), this figure is mainly due to a surge of $5.3 billion in January. However, recent ETF performance has been notably weak, especially compared to safe-haven assets like gold, which continues to set historical highs.
The flow of funds indicates that Bitcoin ETFs remain highly dependent on favorable financing rates and arbitrage opportunities rather than widespread investor interest. Given the continued low speculative sentiment among retail investors in the crypto market, substantial rebounds in Bitcoin ETF inflows are unlikely in the short term.
ETF Store President: Predicts Index-Based Cryptocurrency ETFs Will Be Approved by Year-End
ETF Store President Nate Geraci stated on platform X that he maintains the prediction that index-based cryptocurrency ETFs will be approved by the end of this year.
