Cryptocurrency ETF Weekly | Last week, the net outflow of Bitcoin spot ETFs in the U.S. was $707 million; the U.S. SEC approved options trading for Ethereum spot ETFs
The U.S. SEC has officially accepted Fidelity's application for the listing of the Solana ETF and made it public.Organizer: Jerry, ChainCatcher
Last Week's Performance of Crypto Spot ETFs
U.S. Bitcoin Spot ETF Net Outflow of $707 Million
Last week, the U.S. Bitcoin spot ETF experienced a net outflow for five consecutive days, totaling $707 million, with a total net asset value of $93.36 billion.
Nine ETFs were in a net outflow state last week, with outflows mainly from IBIT, GBTC, and FBTC, which saw outflows of $342 million, $160 million, and $74.6 million, respectively.
Data Source: Farside Investors
U.S. Ethereum Spot ETF Net Outflow of $82.5 Million
Last week, the U.S. Ethereum spot ETF saw a net outflow over four days, totaling $82.5 million, with a total net asset value of $5.24 billion.
The outflow mainly came from Fidelity's FETH, which had a net outflow of $45 million. A total of four Ethereum spot ETFs had no fund movement.
Data Source: Farside Investors
Hong Kong Bitcoin Spot ETF Net Outflow of 149.09 Bitcoins
Last week, the Hong Kong Bitcoin spot ETF had a net outflow of 149.09 Bitcoins, with a net asset value of $33.2 million. The holdings of the issuer, Harvest Bitcoin, decreased to 302.69 Bitcoins, while Huaxia's holdings fell to 2160 Bitcoins.
The Hong Kong Ethereum spot ETF saw a net inflow of 98.67 Ethereum, with a net asset value of $3.102 million.
Data Source: SoSoValue
Performance of Crypto Spot ETF Options
As of April 11, the nominal total trading volume of U.S. Bitcoin spot ETF options was $1.83 billion, with a nominal total trading long-short ratio of 3.69.
As of April 10, the nominal total open interest of U.S. Bitcoin spot ETF options reached $10.8 billion, with a nominal total open interest long-short ratio of 1.83.
The market's short-term trading activity for Bitcoin spot ETF options has increased, with overall sentiment leaning bullish.
Additionally, the implied volatility is at 56.64%.
Data Source: SoSoValue
Overview of Last Week's Crypto ETF Developments
According to Bloomberg, alternative asset management firm Teucrium Investment Advisors LLC has officially launched a leveraged ETF linked to the cryptocurrency XRP, marking the first product in the U.S. market to offer such exposure. XRP is the fourth largest cryptocurrency by market capitalization, valued at approximately $111 billion, and is also a core asset in the recent investigation by U.S. regulators into Ripple Labs Inc.
According to Teucrium's official website, the product named "Teucrium 2x Long Daily XRP ETF" will achieve double leveraged returns on daily XRP returns through swap contracts and will officially list on trading platforms on Tuesday, with the trading code XXRP and an annual expense ratio of 1.85%.
Teucrium was founded in 2010 and currently manages assets totaling $311 million, with 12 ETFs covering various alternative markets.
CBOE Submits 19b-4 Application to SEC for Canary SUI ETF
According to SEC application documents, Cboe BZX, a subsidiary of the Chicago Board Options Exchange, is submitting a proposed rule change (19b-4 application) to the U.S. Securities and Exchange Commission to list and trade shares of the Canary SUI ETF.
Anchorage Digital to Provide Digital Asset Custody Services for BlackRock's Crypto ETF
According to official news from Anchorage Digital, as the only federally chartered digital asset bank in the U.S., it will deepen its partnership with BlackRock to provide digital asset custody services to meet the growing demand for digital assets from retail and institutional clients.
SEC Officially Accepts Fidelity Solana ETF Listing Application and Publicizes It
The U.S. Securities and Exchange Commission (SEC) announced on April 9, 2025, that it has officially accepted the listing application for the Fidelity Solana fund submitted by Cboe BZX. The fund will be listed as Commodity-Based Trust Shares, with the underlying asset being the Solana (SOL) cryptocurrency.
The Hong Kong Securities and Futures Commission (SFC) officially announced on April 7 that it has issued regulatory guidelines to licensed virtual asset trading platforms regarding the provision of staking services, as well as guidelines for virtual asset funds recognized by the SFC participating in staking activities. The virtual asset exchange HashKey Exchange received approval from the Hong Kong SFC on April 10 to become one of the first exchanges in Hong Kong authorized to provide staking services.
The SFC stated in the announcement, "The Commission recognizes the potential benefits of staking in enhancing the security of blockchain networks and allowing investors to earn returns from virtual assets in a regulated market environment."
In February of this year, the SFC released the "Virtual Asset Development Roadmap" ("A-S-P-I-Re" framework) and proposed to consider expanding the range of virtual asset products under a regulatory framework, including providing staking, leverage, and lending services under clear guidelines.
HashKey Exchange's Managing Director Terence Pu stated, "HashKey Exchange has built a regulatory-compliant staking service system, taking the lead in providing ETH staking services for spot ETFs and is actively promoting staking services for all clients.
This service relies on HashKey Cloud's excellent node operation capabilities to provide users with secure and compliant staking services. In the near future, investors will not only be able to hold Ethereum ETFs for staking returns but also hold ETH directly and earn additional returns through our staking services."
Grayscale and Osprey Reach Settlement in Bitcoin ETF Lawsuit
Digital asset management firm Grayscale and Osprey have reached a settlement regarding legal disputes over the marketing practices of the Bitcoin Trust ETF.
Court documents indicate that both parties must complete the organization and execution of the settlement agreement within the next 45 days. The case originated from Osprey's lawsuit against Grayscale for "misleading advertising" during the promotion of GBTC's conversion to an ETF in early 2023, after which Grayscale received SEC approval for the conversion in 2024. The court had previously ruled in favor of Grayscale in February 2025, stating that the Connecticut Unfair Trade Practices Act cited by Osprey does not apply to securities cases. Settlement details have not been disclosed, and neither party has made a formal response.
VanEck Submits Application to SEC for Avalanche ETF Listing on Nasdaq
