Cryptocurrency ETF Weekly Report | Last week, the net outflow of Bitcoin spot ETFs in the U.S. was $1.178 billion; the net outflow of Ethereum spot ETFs in the U.S. was $241 million
Several publishers, including Grayscale, have submitted revised applications for the XRP spot ETF to add support for the creation and redemption of XRP.整理：Jerry，ChainCatcher
Last Week's Crypto Spot ETF Performance
US Bitcoin Spot ETF Net Outflow of $1.178 Billion
Last week, the US Bitcoin spot ETF experienced a net outflow for five consecutive days, totaling $1.178 billion, with a total net asset value of $150.23 billion.
Seven ETFs were in a net outflow state last week, with outflows mainly from IBIT, FBTC, and ARKB, which saw outflows of $615 million, $235 million, and $182 million, respectively.
Data Source: Farside Investors
US Ethereum Spot ETF Net Outflow of $241 Million
Last week, the US Ethereum spot ETF had a net outflow for three consecutive days, totaling $241 million, with a total net asset value of $26.55 billion.
The outflow last week mainly came from Grayscale's ETHE, which had a net outflow of $88.9 million. Seven Ethereum spot ETFs were in a net outflow state.
Data Source: Farside Investors
Hong Kong Bitcoin Spot ETF Net Inflow of 9.89 Bitcoins
Last week, the Hong Kong Bitcoin spot ETF saw a net inflow of 9.89 Bitcoins, with a net asset value of $48.6 million. The holdings of the issuer, Harvest Bitcoin, decreased to 292.76 Bitcoins, while Huaxia remained at 2,330 Bitcoins.
The Hong Kong Ethereum spot ETF had a net inflow of 1,265.34 Ethers, with a net asset value of $12.1 million.
Data Source: SoSoValue
Crypto Spot ETF Options Performance
As of August 22, the nominal total trading volume of US Bitcoin spot ETF options was $2.17 billion, with a nominal total trading long-short ratio of 2.97.
As of August 21, the nominal total open interest of US Bitcoin spot ETF options reached $23.19 billion, with a nominal total open interest long-short ratio of 1.90.
The market's short-term trading activity for Bitcoin spot ETF options has increased, with overall sentiment leaning bullish.
Additionally, the implied volatility was 39.90%.
Data Source: SoSoValue
Overview of Last Week's Crypto ETF Dynamics
Asset management companies Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree submitted updated statements for their proposed spot XRP ETF this Friday, indicating the financial companies' eagerness to obtain listing approval from the US Securities and Exchange Commission (SEC).
Bloomberg ETF analyst James Seyffart stated that the emergence of these applications is almost certainly due to feedback received from the SEC. This is a good sign, but also somewhat expected.
The updated documents appear to change the structure of some funds, allowing for XRP or cash creation and cash or physical redemption, rather than just cash creation and redemption.
Jito Has Submitted the S-1 Filing for VanEck JitoSOL ETF
According to official news, Jito announced that it has submitted the S-1 filing for the VanEck JitoSOL ETF. This application is the result of months of collaboration with regulatory agencies such as the SEC and ongoing business development and educational efforts by multiple ecosystem contributors.
According to Yahoo Finance, Hong Kong investment management company MicroBit's two virtual asset spot exchange-traded funds (ETFs) have officially listed on the Hong Kong Stock Exchange, namely the MicroBit Bitcoin Spot ETF (HKD counter stock code: 3430.HK, USD counter stock code: 9430.HK) and the MicroBit Ethereum Spot ETF (HKD counter stock code: 3425.HK, USD counter stock code: 9425.HK). It is reported that both ETFs have a management fee of 0.5%.
US SEC Delays Decision on Multiple Crypto ETF Applications
The US Securities and Exchange Commission (SEC) has delayed its decision on the approval of the Bitcoin and Ethereum ETF applications from Truth Social, a social platform under Trump Media & Technology Group.
According to documents submitted on Monday, the SEC has extended the approval deadline for the Truth Social ETF to October 8, which is part of the agency's routine procedure for evaluating dozens of cryptocurrency ETF proposals.
Also delayed for approval on the same day were the CoinShares Litecoin ETF, CoinShares XRP ETF, and 21Shares XRP ETF, with decision deadlines extended to late October. The SEC stated in the documents: "The Commission believes it is necessary to extend the review period to adequately assess the proposal's content and related issues."
21 SHARES XRP ETF Has Been Registered in Delaware
Views and Analysis on Crypto ETFs
The ETF Store President Nate Geraci stated that the US SEC should not continue to delay the approval of the staking function for the spot Ethereum ETF.
He believes that even if the IRS has not yet issued specific tax guidelines for staking rewards, it should not be a reason for the SEC to obstruct, as the two belong to different regulatory agencies. He pointed out that this function should have been approved when the spot Ethereum ETF was launched.
Risk warning
Risk warning
