Cryptocurrency ETF Weekly | Last week, the net inflow of Bitcoin spot ETFs in the U.S. was $3.062 billion; the SEC has approved ProShares Trust XRP ETF to go public on April 30
Trump Media Technology Group, Crypto.com, and Yorkville America Digital finalize ETF issuance agreement.整理：Jerry，ChainCatcher
Last Week's Performance of Crypto Spot ETFs
US Bitcoin Spot ETF Net Inflow of $3.062 Billion
Last week, the US Bitcoin spot ETF saw a net inflow for five consecutive days, totaling $3.062 billion, with a total net asset value of $109.27 billion.
Last week, 10 ETFs were in a net inflow state, with inflows mainly coming from IBIT, ARKB, and FBTC, which saw inflows of $1.445 billion, $621 million, and $573 million, respectively.
Data Source: Farside Investors
US Ethereum Spot ETF Net Inflow of $157 Million
Last week, the US Ethereum spot ETF experienced a net inflow over three days, totaling $157 million, with a total net asset value of $6.14 billion.
The inflow last week mainly came from Fidelity's FETH, with a net inflow of $68.6 million. Only one Ethereum spot ETF had no fund movement.
Data Source: Farside Investors
No Fund Inflows for Hong Kong Bitcoin Spot ETF
Last week, the Hong Kong Bitcoin spot ETF had no fund inflows, with a net asset value of $38.3 million. The holdings of the issuer, Harvest Bitcoin, decreased to 302.39 BTC, while Huaxia maintained 2160 BTC.
The Hong Kong Ethereum spot ETF saw an inflow of 153.71 ETH, with a net asset value of $3.574 million.
Data Source: SoSoValue
Performance of Crypto Spot ETF Options
As of April 25, the nominal total trading volume of US Bitcoin spot ETF options was $1.03 billion, with a nominal total long-short ratio of 2.21.
As of April 24, the nominal total open interest of US Bitcoin spot ETF options reached $11.99 billion, with a nominal total long-short ratio of 2.37.
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 52.38%.
Data Source: SoSoValue
Overview of Last Week's Crypto ETF Developments
US SEC Delays Approval of Canary HBAR Spot ETF and Bitwise Bitcoin and Ethereum ETFs to June
According to Cryptoslate, the US Securities and Exchange Commission (SEC) has postponed the decision deadline for the listing plan of the HBAR spot ETF submitted by Canary Capital to June 11, as per regulatory documents released on April 24.
Additionally, the approval for Bitwise's proposed Bitcoin and Ethereum ETFs has also been extended to June 10. The SEC stated that more time is needed to evaluate the proposals and public opinions.
According to Globenewswire, Trump Media Technology Group (DJT.O) has signed a binding agreement with cryptocurrency exchange Crypto.com and asset management firm Yorkville America Digital to launch a series of ETFs under the Truth.Fi brand.
This agreement follows a non-binding agreement signed by the companies in March this year. The law firm Davis Polk & Wardwell LLP will provide consulting services to the parties regarding product development and launch. These ETFs will be offered through Crypto.com's brokerage proprietary firm Foris Capital US LLC and are expected to include digital assets as well as securities covering diversified industries with "Made in America" features, such as energy. Following regulatory approval, these funds are expected to launch later this year and will be widely available in international markets, including the US, Europe, and Asia, covering existing platforms and brokers.
These ETFs are planned to be launched alongside a series of Truth.Fi separately managed accounts (SMA). TMTG plans to invest in these ETFs and SMAs using its own cash reserves, which is part of TMTG's financial services and fintech strategy, utilizing up to $250 million in funds, to be custodied by Charles Schwab.
US SEC Approves ProShares Trust XRP ETF for Public Listing on April 30
According to Cointelegraph, the US Securities and Exchange Commission (SEC) has approved the ProShares Trust XRP ETF for public listing on April 30.
Market News: Bitwise NEAR ETF Registered in Delaware
Market News: US SEC Delays Approval of Grayscale Spot Polkadot ETF
Market News: 21Shares Registers SUI ETF in Delaware
Canary Registers SEI ETF in Delaware
US SEC Confirms VanEck's Application for Spot Avalanche ETF
Views and Analysis on Crypto ETFs
Ripple CEO: CME's Launch of XRP Futures is Slightly Delayed but Paves the Way for Spot ETF
According to FinanceFeeds, Ripple CEO Brad Garlinghouse acknowledged the upcoming launch of XRP futures contracts by the CME, calling it an important and exciting step for the continued growth of the XRP market. However, he pointed out that while this initiative has been somewhat delayed in many aspects, it is significant as it marks XRP's recognition in mainstream financial markets. This move not only provides regulated trading tools for professional investors but may also pave the way for the future launch of an XRP spot ETF, validating XRP's status as a mature and investable asset class.
Michael Saylor: BlackRock's IBIT Will Become the Largest ETF in the World in Ten Years
Michael Saylor, founder of Strategy, stated that BlackRock's Bitcoin exchange-traded fund iShares Bitcoin Trust (IBIT) will become the largest exchange-traded fund (ETF) in the world within the next ten years. IBIT currently has a market capitalization of $54 billion, with a daily trading volume exceeding $1.5 billion. Over the past five trading days, the US spot Bitcoin ETF saw a net inflow of approximately $2.8 billion, with IBIT accounting for $1.3 billion, which is one of the reasons Bitcoin's price rose from about $85,000 to $94,000. Additionally, the annualized yield of Bitcoin ETF arbitrage trading on the CME has approached 10%, indicating an increase in market risk appetite.
Bloomberg Analyst: Spot Bitcoin ETF Enters "Pac-Man" Mode, BlackRock Contributes Significantly
Bloomberg senior ETF analyst Eric Balchunas stated on the X platform that the Bitcoin spot ETF entered "Pac-Man" mode yesterday, with an additional $936 million, bringing the weekly total to $1.2 billion. Notably, out of 11 ETFs, 10 saw cash inflows, which is a good sign indicating depth in fund flows. Furthermore, BlackRock's IBIT contributed significantly, making the overall performance of Bitcoin ETFs quite strong.
Analyst: Currently, 72 Crypto-Related ETFs are Awaiting SEC Approval
According to Bloomberg analyst Eric Balchunas on the X platform, there are currently 72 cryptocurrency-related ETFs awaiting approval for listing or listing options from the US Securities and Exchange Commission (SEC), ranging from Ripple (XRP), Litecoin, Solana to Penguins, Dogecoin, and Melania's 2x leverage, among others.
