Cryptocurrency ETF Weekly Report | Last week, the net outflow of Bitcoin spot ETFs in the U.S. was $1.208 billion; the net outflow of Ethereum spot ETFs in the U.S. was $507 million

Organizer: Jerry, ChainCatcher

Last Week's Crypto Spot ETF Performance

U.S. Bitcoin Spot ETF Net Outflow of $1.208 Billion

Last week, the U.S. Bitcoin spot ETF experienced a net outflow over four days, totaling $1.208 billion.

Six ETFs were in a net outflow state last week, with outflows mainly coming from IBIT, FBTC, and ARKB, which saw outflows of $581 million, $438 million, and $129 million, respectively.

Data Source: Farside Investors

U.S. Ethereum Spot ETF Net Outflow of $507 Million

Last week, the U.S. Ethereum spot ETF experienced a net outflow over four days, totaling $507 million.

The outflow was mainly from BlackRock's ETHA, with a net outflow of $297 million. Six Ethereum spot ETFs were in a net outflow state.

Data Source: Farside Investors

Overview of Crypto ETF Developments Last Week

21Shares Submits Proposed XRP Spot ETF Form 8(A) to U.S. SEC

Bloomberg ETF analyst Eric Balchunas posted on social media that 21Shares has submitted a new Form 8(a) to the U.S. SEC to issue its XRP spot ETF. This application will undergo a 20-day review period.

J.P. Morgan Significantly Increases Bitcoin ETF Holdings, Bullish on BTC Rising to $170,000

According to The Block, J.P. Morgan significantly increased its Bitcoin ETF holdings in the third quarter, with BlackRock's iShares BTC Trust (IBIT) shares growing by 64% to 5.28 million shares, valued at approximately $333 million. Meanwhile, the bank nearly emptied its Ethereum ETF holdings, retaining only 66 shares, valued at about $1,700.

J.P. Morgan analysts predict that Bitcoin's price could reach $170,000 within the next 6-12 months.

Franklin Templeton's XRP ETF Listed on DTCC Website, Code: XRPZ

According to Cryptopolitan, Franklin Templeton's XRP exchange-traded fund (ETF) has appeared on the U.S. Depository Trust & Clearing Corporation (DTCC) website, with the trading code XRPZ. This listing is merely a preparatory step and does not indicate approval or commencement of trading.

It is reported that Franklin Templeton submitted a revised S-1 registration statement on Tuesday, including a shortened "8(a)" clause, which allows registration to automatically take effect after 20 days without direct approval from the U.S. Securities and Exchange Commission (SEC), unless the agency intervenes.

Grayscale Announces Waiver of Solana ETF Management Fees Until Fund AUM Reaches $1 Billion

According to official news, digital asset investment platform Grayscale Investments announced on the X platform that it will waive the sponsor fees for the Grayscale Solana Trust ETF (code: GSOL) and reduce related fees during the staking period for up to three months, or until the fund's assets under management (AUM) reach $1 billion, whichever comes first.

The fund has now staked up to 100% of SOL, offering a staking yield of 7.23%. The fee waiver policy applies to both new investors and existing GSOL investors.

Franklin Templeton Submits XRP ETF S-1 Update, Aiming for Launch This Month

Bloomberg analyst James Seyffart posted that Franklin Templeton has submitted an XRP ETF S-1 update, shortening the 8(a) clause, with the goal of launching this month.

BlackRock to Launch Its Bitcoin ETF in Australia Mid-November

BlackRock has confirmed it will launch the iShares Bitcoin ETF (ASX:IBIT), providing Australian investors with a more convenient way to access cryptocurrencies in the local market. BlackRock stated that the ETF is expected to be listed on the Australian Securities Exchange in mid-November 2025. BlackRock noted that IBIT will charge a management fee of 0.39%, providing investors with a low-cost, regulated channel to access Bitcoin through the iShares Bitcoin Trust (NASDAQ:IBIT) listed in the U.S., without the technical and operational complexities of directly holding the asset.

Previously, the Australian Securities and Investments Commission (ASIC) updated its guidelines last week, reclassifying most digital assets, including stablecoins, wrapped tokens, security tokens, and digital asset wallets, as financial products. Although Bitcoin itself does not constitute a financial product, services and products that include the cryptocurrency can be considered financial products under the updated guidelines of Information Sheet No. 225.

Grayscale Lists Shiba as One of the Assets Meeting Spot ETF Listing Criteria

Grayscale Investments has listed Shiba Inu as one of the cryptocurrencies meeting the listing criteria for U.S. spot exchange-traded funds (ETFs). Grayscale mentioned this in a recent blog post titled "Market Byte: Here Come the Altcoins." Following the launch of Bitcoin and Ethereum ETFs, Grayscale acknowledged that the process for launching similar ETF products for altcoins like Shiba Inu has been streamlined.

Reports indicate that the launch of the first Bitcoin spot exchange-traded product (ETP) took over a decade—from the initial proposal in 2013 to final approval in January 2024. However, the SEC's approval of the Generic Listing Standards (GLS) framework has accelerated the launch of cryptocurrency exchange-traded products (ETPs).

Bitwise and Grayscale Disclose XRP and Dogecoin Spot ETF Fees, May Launch Without SEC Approval

According to The Block, Bitwise plans to charge a fee of 0.34% for the Bitwise XRP ETF, while Grayscale will charge 0.35% for its XRP and Dogecoin ETFs. Both companies previously launched SOL spot ETFs, with Bitwise raising approximately $56 million on its first day.

Against the backdrop of a U.S. government shutdown and limited SEC personnel, institutions can submit S-1s without "delaying amendments" and meet listing standards, allowing products to automatically take effect after 20 days, meaning some crypto ETFs may list without prior SEC approval. NovaDius stated that the first XRP spot ETF could be seen within two weeks.

Views and Analysis on Crypto ETFs

Bloomberg ETF Analyst: Bitwise Dogecoin Spot ETF to Launch Within 20 Days

Bloomberg ETF analyst Eric Balchunas posted on social media that Bitwise is conducting an 8(a) operation for its Dogecoin spot ETF, which essentially means they plan to take effect within 20 days unless intervened.

Citi: Weakness in Cryptocurrency Due to Slowing ETF Inflows and Decreased Risk Appetite

According to CoinDesk, Wall Street bank Citi stated that while the stock market is performing strongly, the cryptocurrency market has weakened again recently, with significant liquidations in October undermining investor confidence.

The sell-off has led leveraged traders and new spot ETF investors to lower their risk appetite, with the latter withdrawing investments. Recently, inflows into U.S. spot Bitcoin ETFs have significantly decreased, weakening a key factor supporting the market's optimistic outlook.

Citi had originally predicted that ETF inflows would continue as financial advisors increased Bitcoin exposure, but now the momentum has stalled, and market sentiment may remain subdued.

On-chain data also adds to the cautious atmosphere, with a decline in the number of large Bitcoin holders and an increase in small retail wallets, along with lower financing rates, indicating that long-term investors may be selling, and leverage demand is also weakening. Technically, Bitcoin has fallen below the 200-day moving average, which may further suppress demand. Citi also linked Bitcoin's weakness to tightening bank liquidity. The report concluded that the flow of funds into spot ETFs is a key signal for observing shifts in cryptocurrency market sentiment.

Bloomberg Analyst: Despite Bitcoin Price Pullback, BlackRock's IBIT Annualized Return Still Near 80%

Bloomberg senior ETF analyst Eric Balchunas posted on the X platform that despite the price pullback, Bitcoin's price has increased by 300% since BlackRock submitted its Bitcoin ETF (IBIT) application 30 months ago, equivalent to nearly 80% annualized returns, so there is no need for the market to worry.