Cryptocurrency ETF Weekly Report | Last week, the net outflow of Bitcoin spot ETFs in the U.S. was $1.111 billion; the net outflow of Ethereum spot ETFs in the U.S. was $728 million
Avenir Group's Bitcoin ETF holdings rise to a new high of $1.189 billion.整理：Jerry，ChainCatcher
Last Week's Crypto Spot ETF Performance
U.S. Bitcoin Spot ETF Net Outflow of $1.111 Billion
Last week, the U.S. Bitcoin spot ETF experienced a net outflow over three days, totaling $1.111 billion.
Six ETFs were in a net outflow state last week, with outflows primarily from IBIT, BTC, and GBTC, which saw outflows of $532 million, $289 million, and $112 million, respectively.
Data Source: Farside Investors
U.S. Ethereum Spot ETF Net Outflow of $728 Million
Last week, the U.S. Ethereum spot ETF experienced a net outflow over four days, totaling $728 million.
The outflow last week primarily came from BlackRock's ETHA, with a net outflow of $261 million. Seven Ethereum spot ETFs were in a net outflow state.
Data Source: Farside Investors
Overview of Crypto ETF Dynamics Last Week
Avenir Group Bitcoin ETF Holdings Rise to $1.189 Billion, Setting New Record
According to ChainCatcher, based on SEC 13F filings, Avenir Group, a family office led by Li Lin, held 18.297 million shares of BlackRock iShares Bitcoin Trust (IBIT) in Q3 2025, with a market value of $1.189 billion, an increase of about 18% from the previous quarter, maintaining its position as the largest institutional holder in Asia for five consecutive quarters.
The group has continuously increased its holdings during multiple rounds of market adjustments over the past 15 months and has also expanded its investments in crypto financial infrastructure, including participating in OSL Group's approximately HKD 2.355 billion financing, investing in Tiger Brokers, and leading the Metalpha PIPE. Additionally, Avenir is advancing the expansion of Bitcoin, Ethereum, and Solana ecosystems, launching a $500 million partnership fund, and participating in Sharps Technology's over $400 million financing.
According to Bloomberg analyst Eric Balchunas, citing the SEC's latest guidance, the U.S. Securities and Exchange Commission has received over 900 registration documents during the government shutdown and is now accelerating the clearance of backlogs.
The guidance indicates that if an issuer submits a registration statement during the shutdown without a delayed effectiveness clause (8(a) pathway), it can automatically take effect after 20 days, and the issuer can request acceleration by supplementing the delayed clause. Analysts believe this may prompt some crypto ETF issuers that have not completed the 8(a) process to expedite their listings, with Bitwise's XRP ETF considered a potential frontrunner.
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are set to resume operations after a 43-day government shutdown. According to the operational plans of the two agencies, employees will return to work on "the next regular business day after the appropriations bill officially takes effect."
During the government shutdown, both agencies significantly reduced staff, and operations nearly came to a halt. The SEC's review capabilities were severely limited, especially regarding the approval of applications for exchange-traded funds (ETFs, including those related to cryptocurrencies). The CFTC "halted the vast majority of its operations," including enforcement, market oversight, and regulatory rulemaking. After the government reopens, the SEC and CFTC will need some time to address backlogged matters, including registration applications submitted during the past 43 days.
Some crypto companies, having learned that the shutdown was nearing its end, rushed to submit IPO and ETF applications. SEC Chair Gary Gensler recently revealed that the SEC plans to "establish a token taxonomy" in the coming months, anchored by the Howey test. CFTC Acting Chair Pham stated that the commission has been pushing for the approval of leveraged spot cryptocurrency trading as early as December.
Canary Staked SEI ETF Listed on DTCC with Trading Code SEIZ
According to the DTCC official website, the DTCC (Depository Trust & Clearing Corporation) has listed the Canary Staked SEI ETF, with the trading code SEIZ.
It is reported that the listing on the DTCC website is a standard procedure in preparation for the launch of a new ETF, but this does not indicate that the related ETF has received any regulatory approval or completed other approval processes.
VanEck Submits 8-A Form for Its Solana Spot ETF to the SEC
Market news indicates that the well-known ETF issuer VanEck has submitted an 8-A form for its Solana spot ETF to the U.S. Securities and Exchange Commission (SEC), a document that typically signals that the product is about to be launched. This form is generally submitted shortly before the launch of a new asset, following the S-1 form submitted at the end of October.
Data: Emory University Bitcoin ETF Holdings Valued at $51.8 Million, Increasing by 91%
According to Cointelegraph, as of September 30, 2025, Emory University's holdings in the Grayscale Bitcoin Mini Trust ETF have reached a value of $51.8 million, a staggering increase of 91% compared to the holdings reported in June.
Canary Capital Submits S-1 Application for MOG ETF to the SEC
According to Cryptopolitan, Canary Capital has submitted an S-1 application to the U.S. Securities and Exchange Commission (SEC) for an ETF related to the meme coin MOG.
Canary XRP ETF Completes Listing Certification on Nasdaq, Trading to Start at Market Open
According to crypto journalist Eleanor Terrett, as of 5:30 PM Eastern Time, the Canary XRP ETF has officially taken effect after completing its listing certification on Nasdaq, and XRPC has been approved to start trading at tomorrow's market open.
REXShares' XRPR ETF is the First Fund to Partially Hold XRP Spot
Crypto journalist Eleanor Terrett stated on X platform that REXShares' XRPR ETF is the first fund established under the Investment Company Act of 1940 to partially hold XRP spot, but its tax treatment efficiency is relatively low.
CanaryFunds will launch the first pure spot XRP ETF established under the Securities Act of 1933, which will hold 100% XRP.
Bitwise Chainlink ETF Listed on DTCC Website with Code CLNK
The Bitwise Chainlink ETF has appeared on the Depository Trust & Clearing Corporation (DTCC) website, with the code CLNK.
11 XRP ETFs Listed on DTCC Website
According to Cointelegraph, there are now 11 XRP ETF products listed on the DTCC website, and analysts suggest that the end of the U.S. government shutdown may open the door for a surge of XRP ETFs.
Views and Analysis on Crypto ETFs
Bloomberg ETF Analyst: Canary XRP ETF Achieves $26 Million Trading Volume in First 30 Minutes
Bloomberg senior ETF analyst Eric Balchunas stated that the Canary XRP ETF "XRPC" achieved a trading volume of $26 million in the first 30 minutes of its launch, far exceeding my previous estimate of $17 million. It is likely to break the record of $57 million set by BSOL, becoming the highest trading volume record for all new stock issuances this year.
Risk warning
