etfs

CryptoQuant founder Ki Young Ju stated that the peak of this bull market cycle is likely to be driven by institutional funds and ETFs outside of the United States. Currently, South Korea has not yet launched a spot Bitcoin ETF, retail investors cannot purchase overseas related ETFs, and companies are even unable to open trading platform accounts to buy BTC.Ki Young Ju believes that the market was primarily driven by the adoption of Bitcoin in the United States, but the next phase will shift towards global institutionalization, accompanied by deeper stablecoin liquidity and RWA infrastructure. More institutions will hold BTC as a strategic asset, and several countries that have not yet launched ETFs will gradually improve related investment channels. The peak of this cycle may occur when a banker from a local bank in South Korea recommends a spot Bitcoin ETF to an elderly woman, suggesting it for savings.

According to Bloomberg, over the past five trading days, gold and Bitcoin ETFs have attracted a record $7 billion in inflows, with the SPDR Gold ETF (GLD) seeing nearly $3.4 billion and the BlackRock Bitcoin ETF (IBIT) attracting $1.5 billion. Both ranked among the top ten U.S. ETF inflows for the week.Investors are simultaneously buying gold and Bitcoin as hedging tools against financial anxiety. U.S. Treasury Secretary Bessent announced an expansion of long-term Treasury bond repurchases, leading to a weaker dollar and declining yields, which has driven demand for scarce assets. Bernstein analyst Gautam Chhugani noted that rising interest rates and high sovereign debt levels benefit non-dilutable assets like Bitcoin.Bridgewater founder Ray Dalio advised investors to allocate up to 15% of their funds to gold and Bitcoin to hedge against the risks of the U.S. debt crisis. Bitcoin has surpassed $80,000 this month, while gold has exceeded $4,600 per ounce.

The price of Bitcoin has retreated after a cumulative increase of 23% over the past 7 days, currently maintaining around $79,000, with a drop of about 1.2% in the past 24 hours. The broader CoinDesk 20 index has fallen by 2.1% in the past 24 hours. The Crypto Fear & Greed Index from Alternative.me has risen from 27 to 74 in less than two weeks, followed by a slight retreat.However, underlying demand remains strong. According to SoSoValue data, the U.S.-listed spot Bitcoin ETF recorded a net inflow of $314 million on Tuesday, marking the seventh consecutive day of net inflows, bringing the cumulative net inflow for August to over $3 billion. Mercado Bitcoin research analyst Pedro Fontes views $82,000 and $85,000 as the next resistance levels and believes that some consolidation after such a vertical rise is natural.In terms of derivatives data, the taker long-short trading volume ratio has turned bearish, with shorts accounting for 51.64% of the 24-hour volume; Bitcoin futures open interest has dropped below 700,000 BTC, and the spot price has retreated to $78,500. The combination of these factors indicates that traders are closing positions rather than aggressively adding shorts. Traders on Deribit are chasing call options with strike prices ranging from $82,000 to $100,000. SUI futures open interest has reached a historical high of 838 million contracts, but its spot price has fallen over 5% in the past 24 hours, indicating that short positions are accumulating.

Bloomberg ETF analyst Eric Balchunas stated that gold and Bitcoin ETFs have returned to the top ten funds by trading volume, which may indicate that "devaluation trades" are replacing the AI craze.Balchunas pointed out that this phenomenon reflects the market's capital flow shifting from AI-related assets to asset classes like gold and Bitcoin, which are seen as hedges against currency devaluation.

According to Cointelegraph, the Securities and Exchange Commission (SEC) of Thailand has advanced its regulatory framework for locally listed spot Bitcoin and Ethereum ETFs from a principled proposal to the rule draft stage and is publicly soliciting opinions on this. The regulatory agency released two consultation documents on Monday, one containing the rule draft for Thailand's crypto ETFs, and the other proposing qualification principles for foreign digital asset custodians.In the initial phase, asset management companies can establish passive ETFs that track Bitcoin or Ethereum, which are the only qualified crypto assets. According to the proposed rules, Bitcoin and Ethereum ETFs will only trade on the Stock Exchange of Thailand (SET), with each ETF tracking a single crypto asset and required to maintain at least 80% net asset exposure to that asset within each accounting year. Mutual funds and private funds can also invest in Thailand's local crypto ETFs, as well as the foreign crypto ETFs they are permitted to invest in, but must comply with existing investment limits. However, in the initial phase, the regulatory agency does not allow alternative products linked to foreign crypto ETFs, including depositary receipts that track them.Regarding custody, the revised plan still primarily relies on domestic digital asset custodians as the main service providers in the initial phase, and the Thai SEC may allow the use of qualified foreign digital asset custodians when necessary. Foreign custodians must be supervised by a regulatory agency with legal authority and meet the regulatory and investor asset protection standards deemed sufficient by the Thai SEC. The deadline for public opinion collection on the two consultation documents is September 20.

Asset management company Franklin Templeton plans to incorporate the tokenized money market fund Franklin Onchain U.S. Government Money Fund (BENJI) as holdings or collateral into exchange-traded funds (ETFs) and mutual funds, involving an asset scale of approximately $2.6 billion, with the earliest launch possible in the fourth quarter.The U.S. Securities and Exchange Commission (SEC) has approved a no-action letter for this structure, allowing funds under Franklin Templeton to use BENJI for cash management and collateral purposes, but it still requires approval from the boards of the respective funds. The company currently manages over 130 ETFs and approximately $82 billion in ETF assets, with mutual fund assets around $790 billion.Franklin Templeton has distributed tokenized funds through digital wallets and plans to launch more tokenized products for cash or collateral management across its broader fund product line. The market size for tokenized assets has now exceeded $38 billion.

According to CoinDesk, Goldman Sachs disclosed in its second quarter 13F filing that it holds positions in five XRP ETFs, with a total value of approximately $86.5 million, indicating that it has re-established exposure after liquidating its positions in the first quarter.The 13F filing is a report that requires institutional investors to disclose their holdings as mandated by the U.S. Securities and Exchange Commission. Goldman Sachs' disclosure this time indicates that the institution has reallocated its investments in XRP spot ETF products, involving multiple related funds.

According to the New York Post, the latest financial disclosure from U.S. Democratic Representative Rashida Tlaib shows that her retirement investment account, totaling approximately $1.2 million, includes up to $15,000 in Grayscale Ethereum ETF and up to $15,000 in Bitcoin ETF. Both are ETF holdings and do not represent direct ownership of BTC or ETH.The disclosure documents indicate that the account contains a total of 41 investments. Since U.S. lawmakers are only required to disclose assets by range of amounts, it is not possible to determine the exact size of Tlaib's holdings in the aforementioned crypto ETFs. Tlaib previously voted against the CLARITY Act, which supports the crypto industry, and supported a resolution aimed at banning "crypto corruption." The CLARITY Act is expected to be reviewed by the Senate in September after Congress resumes.

In the previous week, the two types of ETFs had a total net outflow of 392 million dollars.

According to monitoring data from Watcher.Guru, the trading volume of spot Bitcoin ETFs has exceeded $5.3 billion today. The specific trading volumes for each product are: BlackRock $4.438 billion, Fidelity $438 million, Grayscale $209 million, Bitwise $107 million, ARK Invest $72.8995 million, and VanEck $32.8442 million.The trading volumes for the remaining products are: Morgan Stanley $14.8016 million, Franklin $11.1747 million, Invesco $5.5934 million, Valkyrie $1.5025 million, WisdomTree $600.1 thousand, and Hashdex $269 thousand. BlackRock's daily trading volume accounts for over 80% of all spot Bitcoin ETFs, continuing to maintain its market dominance.

According to Cointelegraph, the Chicago Board Options Exchange (Cboe) has submitted an application to list a 3x leveraged ETF for Bitcoin, Ethereum, gold, silver, crude oil, and natural gas.The aforementioned products cover both crypto assets and traditional commodities. If approved, they will provide investors with higher leveraged trading tools, further enriching the ETF product line in the relevant markets.

The U.S. Securities and Exchange Commission (SEC) is reviewing the rule change application submitted by Cboe BZX Exchange, involving six leveraged commodity ETFs that track the benchmark's daily performance by three times. The initial review period set by the SEC is 45 days after publication in the Federal Register.Volatility Shares LLC is the sponsor of the relevant funds, which include 3x Gold, Silver, Bitcoin, Ethereum, Crude Oil, and Natural Gas ETFs, all intended to operate under a commodity pool and not classified as investment companies. Among them, the Bitcoin and Ethereum ETFs will primarily invest in near-month and next-month futures contracts on the Chicago Mercantile Exchange (CME), rather than directly holding Bitcoin or Ethereum, and will allocate cash and cash equivalents as collateral or margin.Before the relevant products are listed, the SEC must approve the exchange rule changes, and the trust's Form S-1 registration statement must also become effective. Each fund must have at least 100,000 shares at the time of listing, and authorized participants can subscribe or redeem cash at a rate of 1,000 shares per 10,000 shares.

Binance Research data shows that Generation Z investors are gradually shifting towards long-term asset allocation tools such as ETFs. Compared to Millennials, Generation X, and Baby Boomers, their trading frequency is lower, and their preference for leverage is also weaker.Data indicates that at the beginning of August, ETFs accounted for 25% of the stock trading volume among Generation Z users. In July, the proportion of net inflows into stocks from ETFs for Generation Z reached 21.9%, up from 18.5% in June; during the same period, the proportion of individual stock investments decreased from 77% to 74.2%.Binance Research analyzed trading behaviors in direct stocks, tokenized stocks, and traditional financial perpetual contracts. The data shows that Generation Z's trading activity in all three asset classes is lower than that of other working-age groups.Among them, Generation Z's traditional financial perpetual contract accounts traded an average of 13 times per month, lower than the 17 times of Millennials and 16.5 times of Generation X. In direct stock accounts, 22% of Generation Z users have never sold stocks, higher than the 19% of Generation X and 9% of Baby Boomers.Among Generation Z accounts that bought but did not sell, the assets with the highest cumulative purchase amounts include Broadcom, Tesla, and Charles Schwab U.S. High Dividend Stock ETF.In terms of leveraged products, Generation Z shows a lower risk appetite. Data indicates that 88.2% of Generation Z's traditional financial perpetual contract accounts have never traded leveraged or inverse ETFs, higher than the 84.5% of Millennials and 85.9% of Generation X.Additionally, the tokenized stock market continues to expand. Data shows that Binance's bStocks recently briefly surpassed Kraken's xStocks, becoming the second-largest tokenized stock issuance platform globally. As of the latest data, Ondo Finance ranks first with approximately $972 million in tokenized stock value, while xStocks and bStocks are approximately $611 million and $580 million, respectively.

According to Coinpedia, JPMorgan, with an asset management scale of approximately $5.1 trillion, submitted its Q2 13F filing to the SEC, showing significant adjustments in its crypto-related ETF holdings. In terms of Bitcoin, the bank held approximately 10.4 million shares of BlackRock's IBIT as of June 30, valued at about $355.7 million, up from about 8.3 million shares and nearly $162 million in Q1; the number of IBIT call options increased to about 3.94 million, while put options decreased from about 4.75 million to about 3.5 million.Regarding Ethereum, JPMorgan held nearly 1.17 million shares of BlackRock's ETHA, valued at approximately $14.3 million, a significant increase of 338% compared to the previous quarter, but the value of Bitcoin positions still exceeds that of ETHA by more than twenty times. For XRP, after the related positions were reduced to zero in Q1, the bank re-established its holdings, holding small shares of Bitwise XRP ETF and Grayscale XRP Trust ETF, as well as approximately 19,900 shares of Armada Acquisition Corp II related to Ripple-supported trading, valued at about $207,000.In addition, the filing also showed that JPMorgan established a new position in Bitwise Solana Staking ETF, holding about 47,500 shares. The article also mentioned that there has been a recent net outflow from the U.S. spot Bitcoin ETF, with the next 13F covering Q3 expected to be disclosed in November.

According to SoSoValue data, the total net outflow of Bitcoin spot ETFs is $61.1637 million. The Bitcoin spot ETF with the highest single-day net outflow is the Fidelity ETF FBTC, with a single-day net outflow of $46.8221 million. Currently, the historical total net inflow of FBTC has reached $9.9445 billion.The second is the Blackrock ETF IBIT, with a single-day net outflow of $14.3416 million. Currently, the historical total net inflow of IBIT has reached $61.157 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $77.369 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.06%. The historical cumulative net inflow has reached $51.977 billion.

According to CoinDesk, Crypto.com announced the launch of tokenized derivatives tracking approximately 1,500 U.S. stocks and ETFs for eligible users in the European Economic Area and other approved markets, covering individual stocks such as Apple, Nvidia, Tesla, as well as gold and silver-related ETFs.The product can be traded starting from as low as $1 and supports 24/7 trading.

According to SoSoValue data, the total net outflow of Ethereum spot ETFs is $1.7644 million. The Ethereum spot ETF with the highest net inflow in a single day is Blackrock ETF ETHA, with a single-day net inflow of $563,800, and the historical total net inflow of ETHA has reached $11.626 billion. The Ethereum spot ETF with the highest net outflow in a single day is Fidelity ETF FETH, with a single-day net outflow of $2.3283 million, and the historical total net inflow of FETH has reached $2.119 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $10.479 billion, and the ETF net asset ratio (market value as a percentage of Ethereum's total market value) is 4.61%, with a historical cumulative net inflow of $11.439 billion.

On Monday, asset management company BlackRock Canada launched two exchange-traded funds, namely the iShares Equity + Bitcoin ETF Portfolio (IBQT) and the iShares Core MSCI All-International Equity Index ETF (XINT). Both funds have begun trading on the Toronto Stock Exchange.IBQT allocates 97% of its assets to Canadian, U.S., international, and emerging market equities, with the remaining 3% allocated to Bitcoin. IBQT gains Bitcoin exposure through BlackRock's Canadian iShares Bitcoin ETF (IBIT) and primarily holds other iShares ETFs rather than individual stocks. XINT tracks the MSCI ACWI ex North America IMI Index, covering over 5,000 companies across more than 40 developed and emerging markets outside of Canada and the U.S. Both funds are managed by BlackRock Asset Management Canada through the RBC iShares alliance.

The Korea Exchange will officially launch after-hours trading for exchange-traded funds (ETFs) on September 14, despite concerns in the industry about the volatility of leveraged products.The exchange aims to compete with alternative trading systems like Nextrade and all-weather cryptocurrency exchanges. Asset management institutions warn that the lack of real-time fund net asset value estimates could widen the price deviation of ETFs, and the industry had previously called for a delay in the launch of this business.Individual stock leveraged ETFs will not be included in the scope of after-hours trading.

According to SoSoValue data, on August 6th Eastern Time, the total net inflow of Bitcoin spot ETFs was $129 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was Blackrock ETF IBIT, with a single-day net inflow of $128 million, bringing IBIT's historical total net inflow to $61.088 billion. The second was Morgan Stanley ETF MSBT, with a single-day net inflow of $14.9424 million, and MSBT's historical total net inflow currently stands at $429 million.The Bitcoin spot ETF with the highest single-day net outflow yesterday was VanEck ETF HODL, with a single-day net outflow of $32.7708 million, and HODL's historical total net inflow currently stands at $1.104 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $78.775 billion, with an ETF net asset ratio (the market value compared to the total market value of Bitcoin) reaching 6.09%, and the historical cumulative net inflow has reached $52.079 billion.