Cryptocurrency ETF Weekly Report | Last week, the net inflow for Bitcoin spot ETFs in the U.S. was $2.71 billion; the net inflow for Ethereum spot ETFs in the U.S. was $488 million
DTCC lists Bitwise Avalanche ETF, code BAVA.Organizer: Jerry, ChainCatcher
Last Week's Performance of Crypto Spot ETFs
U.S. Bitcoin Spot ETF Net Inflow of $2.71 Billion
Last week, the U.S. Bitcoin spot ETF saw a net inflow over four days, totaling $2.71 billion, with a total net asset value reaching $158.96 billion.
Data Source: SoSoValue
U.S. Ethereum Spot ETF Net Inflow of $488 Million
Last week, the U.S. Ethereum spot ETF recorded a net inflow over three days, totaling $488 million, with a total net asset value of $27.51 billion.
Data Source: SoSoValue
Hong Kong Bitcoin Spot ETF Net Outflow of 98.77 Bitcoins
Last week, the Hong Kong Bitcoin spot ETF experienced a net outflow of 98.77 Bitcoins, with a net asset value of $515 million. The holdings of the issuer, Harvest Bitcoin, decreased to 292.1 Bitcoins, while Huaxia increased to 2,330 Bitcoins.
The Hong Kong Ethereum spot ETF saw a net inflow of 609.66 Ethereum, with a net asset value of $14 million.
Data Source: SoSoValue
Performance of Crypto Spot ETF Options
As of October 10, the nominal total trading volume of U.S. Bitcoin spot ETF options was $4.86 billion, with a nominal total long-short ratio of 3.45.
As of October 9, the nominal total open interest of U.S. Bitcoin spot ETF options reached $39.96 billion, with a nominal total long-short ratio of 2.19.
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 50.00%.
Data Source: SoSoValue
Overview of Last Week's Crypto ETF Developments
DTCC Lists Bitwise Avalanche ETF, Ticker BAVA
The Bitwise Avalanche ETF has been listed on DTCC with the ticker BAVA.
Canary Submits Updated S-1 Filing for Its Solana Spot ETF, Fee Set at 0.5%
According to market news, Canary has submitted an updated version of its S-1 filing for the Solana spot ETF, setting the fee at 0.5%.
Amplify ETFs Launches Ethereum Options Income ETF and Covered Call ETF
ETF solution provider Amplify ETFs announced the launch of the Amplify Ethereum Options Income ETF "ETTY" and the Amplify Ethereum Covered Call ETF "EHY," which track Ethereum call options and covered call options, providing exposure to ETH growth and ongoing income.
A Sovereign Wealth Fund in Luxembourg Has Invested 1% of Its Assets in Bitcoin ETF
According to CoinDesk, a sovereign wealth fund in Luxembourg has invested 1% of its assets in a Bitcoin ETF, becoming the first national fund in the Eurozone to take such action.
Luxembourg's Finance Minister Gilles Roth revealed during the submission of the 2026 budget to the House that the Luxembourg intergenerational sovereign wealth fund (FSIL) has invested 1% of its assets in Bitcoin. Jonathan Westhead, head of communications at the Luxembourg Financial Authority, stated that this investment is a practice of FSIL's new investment policy, which was approved by the government in July 2025, aimed at showcasing Luxembourg's leadership in the digital finance sector.
Established in 2014, FSIL currently holds $730 million in assets, primarily invested in high-quality bonds. After the revised framework, FSIL can allocate up to 15% of its assets to alternative investments, including private equity, real estate, and crypto assets, in addition to continuing investments in stock and bond markets. To mitigate risks, Bitcoin investments are made through selected ETFs.
21Shares Announces Staking Feature for Its Ethereum ETF
21Shares announced the introduction of a staking feature for its Ethereum exchange-traded fund 21Shares Ethereum ETF (TETH), which will not only continue to track ETH market performance but also participate in the Ethereum network validation process.
Bitwise Sets Solana Staking ETF Fee at 0.2%, Below Market Expectations
According to market news, a registration statement amendment submitted by Bitwise Asset Management on Wednesday shows that its Solana staking exchange-traded fund (ETF) will charge a fee of 0.2%, below market expectations.
Bloomberg senior ETF analyst Eric Balchunas commented, "Bitwise is not hesitating, planning to charge only 0.2% for its spot Solana ETF. Low fees have an almost perfect record in attracting investors." This fee is comparable to the fees of the Bitcoin ETF and Ethereum ETF approved by the SEC last year. On the same day, 21Shares announced it would introduce a staking feature for its Ethereum ETF and offer a one-year waiver of sponsorship fees. However, due to the U.S. government shutdown, the SEC is currently only handling urgent matters, and several crypto ETF approvals have been temporarily shelved.
According to market news, ETF solution provider Amplify ETFs has announced that it has submitted applications for the Amplify Stablecoin Technology ETF (QSTB) and the Amplify Tokenization Technology ETF (QTKN) to the U.S. Securities and Exchange Commission. The former primarily tracks companies and assets that use stablecoins as a digital payment and settlement mechanism, while the latter tracks companies and assets that utilize the digitization of real-world assets for growth.
Digital asset management company CoinShares International announced the launch of the CoinShares Altcoins ETF (DIME) in the U.S. market, providing equal-weight exposure to a basket of altcoins, with initial investments including: Solana (SOL), Polkadot (DOT), Cardano (ADA), Cosmos (ATOM), Sei (SEI), Avalanche (AVAX), Sui (SUI), Aptos (APT), Near Protocol (NEAR), and Toncoin (TON).
Grayscale Announces Its ETHE and Mini ETH ETFs Now Support Staking
Grayscale's Ethereum Trust ETF (Ticker: ETHE) and Grayscale's Mini Ethereum Trust ETF (Ticker: ETH) have become the first spot crypto asset ETFs in the U.S. to support staking. Grayscale also disclosed that the Grayscale Solana Trust (OTC Ticker: GSOL) has launched a staking feature, providing investors with one of the exclusive channels to participate in SOL staking through traditional brokerage accounts.
Once GSOL is approved to upgrade to an ETF, it is expected to become one of the first spot Solana ETPs to support staking. It should be noted that ETHE and ETH are ETFs that are not registered under the Investment Company Act of 1940 and therefore are not protected by the same regulations as registered ETFs and mutual funds. Investing in ETHE and ETH carries significant risks and may result in the loss of principal. Although both hold digital assets, investing in these products does not equate to directly holding digital assets. GSOL is currently not an ETP and is only quoted in the over-the-counter market.
Views and Analysis on Crypto ETFs
J.P. Morgan: Inflows into Solana ETF May Be Lower than Ethereum and Remain Moderate
Despite the potential approval from the U.S. Securities and Exchange Commission, J.P. Morgan still expects that inflows into the Solana ETF will remain moderate, estimating that the inflows for the first year of the Solana exchange-traded fund (ETF) may reach around $1.5 billion, lower than Ethereum.
Bitwise: Depreciation Trades and Other Catalysts May Drive Q4 Bitcoin ETF Inflows to Record Highs
Bitwise's latest report predicts that inflows into U.S. spot Bitcoin ETFs will reach record highs in the fourth quarter of this year, exceeding the total inflow of $36 billion in 2024.
Bitwise Chief Investment Officer Matt Hougan stated that the Bitcoin ETF will benefit from three catalysts: the entry of wealth management firms, the recent surge in Bitcoin prices, and the activation of "depreciation trades," with many Wall Street advisory firms expected to add gold and Bitcoin to client portfolios to capture stronger-performing assets.
Du Jun, co-founder of ABCDE, stated on social media that the launch of staking for the U.S. Ethereum spot ETF is a major positive for Ethereum.
With reduced supply and increased demand, ETH staking enhances the income attributes of the ETF, similar to stock dividends, attracting more institutional and retail funds. Competitors like BlackRock are also expected to follow suit, and it is anticipated that the inflow of new funds into various Ethereum ETFs should exceed $10 billion within the next year.
Bloomberg senior ETF analyst Eric Balchunas stated on the X platform that the market cap of BlackRock's Bitcoin exchange-traded fund IBIT is just a step away from reaching $100 billion. Based on the current asset management scale, IBIT has become BlackRock's most profitable ETF, with profits far exceeding expectations. According to official data from BlackRock, as of October 3, IBIT's Bitcoin holdings reached 783,767.8438 Bitcoins, with a market value of approximately $95.922 billion.
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