Cryptocurrency ETF Weekly Report | Last week, the net inflow of Bitcoin spot ETFs in the U.S. was $548 million; the net inflow of Ethereum spot ETFs in the U.S. was $2.852 billion
Grayscale applies for a Dogecoin ETF, intending to list under the code "GDOG".整理：Jerry，ChainCatcher
Last Week's Performance of Crypto Spot ETFs
U.S. Bitcoin Spot ETF Net Inflow of $548 Million
Last week, the U.S. Bitcoin spot ETFs saw a net inflow of $548 million over three days, bringing the total net assets to $15.198 billion.
Three ETFs experienced net inflows last week, with inflows primarily from IBIT, BTC, and BTCO, which saw inflows of $887 million, $32.9 million, and $4.9 million, respectively.
Data Source: Farside Investors
U.S. Ethereum Spot ETF Net Inflow of $2.852 Billion
Last week, the U.S. Ethereum spot ETFs had a net inflow for four consecutive days, totaling $2.852 billion, with total net assets reaching $28.15 billion.
The inflow last week primarily came from BlackRock's ETHA, which had a net inflow of $2.317 billion. Seven Ethereum spot ETFs experienced net inflows.
Data Source: Farside Investors
Hong Kong Bitcoin Spot ETF Net Inflow of 31.49 Bitcoins
Last week, the Hong Kong Bitcoin spot ETFs saw a net inflow of 31.49 Bitcoins, with net assets reaching $51.2 million. The issuer, Harvest Bitcoin, reduced its holdings to 292.83 Bitcoins, while Huaxia increased its holdings to 2,330 Bitcoins.
The Hong Kong Ethereum spot ETFs had a net inflow of 2,595.57 Ethereums, with net assets of $12.4 million.
Data Source: SoSoValue
Performance of Crypto Spot ETF Options
As of August 15, the nominal total trading volume of U.S. Bitcoin spot ETF options was $1.32 billion, with a nominal total long-short ratio of 4.28.
As of August 14, the nominal total open interest of U.S. Bitcoin spot ETF options reached $29.87 billion, with a nominal total long-short ratio of 1.77.
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 41.72%.
Data Source: SoSoValue
Overview of Last Week's Crypto ETF Developments
Grayscale Applies for Dogecoin ETF, Plans to List Under "GDOG" Code
According to The Block, Grayscale submitted an application to the U.S. Securities and Exchange Commission (SEC) on August 15, planning to convert its Dogecoin trust into an ETF. The application indicates that the ETF will be listed on the NYSE Arca platform under the trading code "GDOG."
Currently, several institutions, including Rex-Osprey and Bitwise, have also submitted similar applications.
Hedge Fund Brevan Howard Discloses Holding Over $2.32 Billion in BlackRock Bitcoin Spot ETF
According to CoinDesk, hedge fund Brevan Howard disclosed that it holds over $2.32 billion in BlackRock's Bitcoin spot ETF.
Li Lin Family Office Avenir Group Holds Approximately $1.01 Billion in BlackRock Bitcoin ETF
According to a 13F filing submitted by the Hong Kong-based Li Lin family office Avenir Group, it currently holds $1.01 billion in BlackRock's Bitcoin ETF, approximately 16.55 million shares, an increase from the 14.7 million shares reported in May.
U.S. SEC Delays Decision on Bitwise and 21Shares' Solana ETF Proposal to October 16
According to The Block, the U.S. Securities and Exchange Commission (SEC) has delayed its decision on whether to approve the Solana exchange-traded fund (ETF) proposal. The SEC stated in the submitted documents that the next deadline for the Bitwise Solana ETF and 21Shares Core Solana ETF is set for October 16. Both documents indicate: "The Commission believes that designating a longer period to issue an order approving or disapproving the proposed rule change is appropriate to allow the Commission sufficient time to consider the proposed rule change and the issues raised therein."
As various companies modified their filing documents last month to gain SEC approval, the SOL ETF proposal is making progress. Companies including Proshares, Grayscale, Canary, and 21Shares are all awaiting SEC approval.
According to Reuters, Citi Group is exploring the provision of stablecoin custody and other services. After Congress passed a law paving the way for the widespread use of crypto tokens for payments, settlements, and other services, Citi has become one of the few traditional institutions considering entering the stablecoin space.
Citi's Global Partnerships and Innovation Head Biswarup Chatterjee stated that providing custody services for quality assets supporting stablecoins is a top priority for Citi.
Additionally, Citi is exploring digital asset custody services to support crypto-related investment products and using stablecoins to expedite payment processes, allowing clients to send stablecoins between accounts or convert them to USD for instant payments.
Hong Kong Stock Exchange to List Two New Spot Virtual Asset ETFs on August 21
According to East Net, the Hong Kong Stock Exchange documents indicate that MicroBit's Bitcoin spot ETF and MicroBit's Ethereum spot ETF will be listed next Thursday (August 21). The management fee for both ETFs is 0.5% per annum of net assets, which is relatively low among existing virtual currency spot ETFs.
Bank of China International UK Trust acts as the custodian and administrative manager, with HashKey Exchange as the virtual asset trading platform and Hash Blockchain Limited as the virtual asset sub-custodian. Participating brokers include China Merchants Securities (Hong Kong), Ade Securities Futures, Future Asset Securities (Hong Kong), Huaying Dongfang (Asia), Huasheng Capital Securities, and Victory Securities.
U.S. SEC Confirms Receipt of Invesco Galaxy Spot Solana ETF Application
According to official documents, the U.S. Securities and Exchange Commission (SEC) has confirmed receipt of Invesco Galaxy's application for a spot Solana ETF.
Grayscale Registers Cardano and Hedera Trust ETFs in Delaware
According to official documents, the GRAYSCALE CARDANO TRUST ETF and GRAYSCALE HEDERA TRUST ETF were registered in Delaware, USA, on August 12, 2025, as general statutory trusts, with the registered agent being CSC Delaware Trust Company located in Wilmington, Delaware.
Kazakhstan Launches Central Asia's First Spot Bitcoin ETF
According to CoinDesk, Kazakhstan's asset management company Fonte Capital launched Central Asia's first spot Bitcoin exchange-traded fund (ETF) on August 13 at the Astana International Exchange (AIX). The fund trades under the code BETF and is priced in USD.
Each fund share is backed by physical Bitcoin, with custody services provided by the U.S.-licensed custodian BitGo, which offers insurance coverage of up to $250 million. BitGo employs measures such as offline cold storage and secure vaults to ensure asset safety.
Bloomberg Analyst: Roundhill Has Submitted Meme ETF Application
Bloomberg senior ETF analyst Eric Balchunas posted on X platform that investment firm Roundhill has submitted an application for a Meme exchange-traded fund called "Roundhill Meme Stock ETF," but did not disclose further details.
Roundhill previously submitted an application to the U.S. SEC for an Ethereum Covered Call Strategy ETF (Roundhill Ether Covered Call Strategy ETF, code YETH).
Trump Media Technology Group: Bitcoin ETF to Launch Later This Year
According to Jinshi, Trump Media Technology Group (DJT.O) announced that a Bitcoin ETF will launch later this year.
Trump Media Technology Group Submits Amended Registration Statement for Bitcoin ETF
According to Jinshi, Trump Media Technology Group (DJT.O) submitted an amended registration statement for its Bitcoin ETF.
Trump Media Technology Group (DJT.O) stated that the Bitcoin ETF will directly hold Bitcoin and provide shares to investors, aiming to reflect the price performance of Bitcoin.
Market News: CANARY TRUMP COIN ETF Registered in Delaware
CBOE Submits Application Documents for Canary's Staking INJ ETF
Views and Analysis on Crypto ETFs
The ETF Store President Nate Geraci tweeted, "Put aside the noise, if you really believe in Bitcoin or Ethereum, just buy directly or buy a spot ETF. You don't need financial engineering like 'Treasury companies.'"
Bloomberg ETF analyst Eric Balchunas posted on social media that this week, the trading volume of spot Bitcoin and Ethereum ETFs was approximately $40 billion, reaching a record high, thanks to the strong rise of the Ethereum ETF. The trading volume is equivalent to the total of the top five ETFs or the top ten stocks.
Among them, the weekly trading volume of the Ethereum ETF was about $17 billion, setting a new historical high. "It's as if it had been asleep for 11 months and then compressed a year's worth of trading volume into six weeks."
The ETF Store President Nate Geraci stated that some have referred to crypto spot ETFs as "liquidity saviors," but the data shows otherwise. When the Bitcoin spot ETF launched in January 2024, the price was $47,000, and it has now risen to $123,000; the Ethereum spot ETF launched in July 2024 at a price of $3,500, and it has now risen to $4,700.
Cathie Wood: The Success of ETFs Lies in Actively Responding to Market Demand for Transparency
According to CoinDesk, ARK Invest CEO Cathie Wood stated that the success of ETFs, as well as ARK's outstanding performance, stems from meeting the market's demand for transparency.
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