Cryptocurrency ETF Weekly Report | Last week, the net inflow for Bitcoin spot ETFs in the U.S. was $250 million; the net outflow for Ethereum spot ETFs in the U.S. was $787 million

Organizer: Jerry, ChainCatcher

Last Week's Crypto Spot ETF Performance

U.S. Bitcoin Spot ETF Net Inflow of $250 Million

Last week, the U.S. Bitcoin spot ETF saw a net inflow for four consecutive days, totaling $250 million, with a total net asset value of $14.405 billion.

Four ETFs experienced net inflows last week, primarily from IBIT, BTC, and FBTC, which saw inflows of $435 million, $33.2 million, and $25.1 million, respectively.

Data Source: Farside Investors

U.S. Ethereum Spot ETF Net Outflow of $787 Million

Last week, the U.S. Ethereum spot ETF had a net outflow for four consecutive days, totaling $787 million, with a total net asset value of $2.764 billion.

The outflow last week primarily came from BlackRock's ETHA, which had a net outflow of $312 million. All nine Ethereum spot ETFs were in a state of net outflow.

Data Source: Farside Investors

Hong Kong Bitcoin Spot ETF Net Inflow of 29.66 Bitcoins

Last week, the Hong Kong Bitcoin spot ETF had a net inflow of 29.66 Bitcoins, with a net asset value of $49.3 million. The holdings of the issuer, Harvest Bitcoin, decreased to 292.57 Bitcoins, while Huaxia maintained 2390 Bitcoins.

The Hong Kong Ethereum spot ETF had a net inflow of 806.79 Ethers, with a net asset value of $13.2 million.

Data Source: SoSoValue

Crypto Spot ETF Options Performance

As of September 4, the nominal total trading volume of U.S. Bitcoin spot ETF options was $1.54 billion, with a nominal total long-short ratio of 2.03.

As of September 4, the nominal total open interest of U.S. Bitcoin spot ETF options reached $26.45 billion, with a nominal total open interest long-short ratio of 1.83.

The market's short-term trading activity for Bitcoin spot ETF options has increased, with overall sentiment leaning bullish.

Additionally, the implied volatility was 40.40%.

Data Source: SoSoValue

Overview of Last Week's Crypto ETF Developments

Bitwise Registers AVAX ETF Entity in Delaware

Bitwise has completed the registration of the Avalanche (AVAX) ETF entity in Delaware, USA. This registration is a preliminary step before submitting a formal ETF application to regulators and does not constitute a formal filing.

Figma Reports Q2 Revenue of Nearly $250 Million, Holds Approximately $90.8 Million in Bitcoin Spot ETF

Figma released its first earnings report since its U.S. IPO. The company reported Q2 revenue of $249.6 million, a 41% year-over-year increase. It expects full-year revenue of $1.021 billion to $1.025 billion, with Q3 revenue projected at $263 million to $265 million. As of June 30, it held approximately $1.6 billion in cash, cash equivalents, and marketable securities, including $90.8 million in Bitcoin spot ETF. "We do not intend to be like Strategy's Michael Saylor," Field stated in an interview, "This is not a treasury company based on Bitcoin holdings. This is a design company, but I believe it has its place in the balance sheet and diversified financial strategy."

Ondo Finance Launches Over 100 Tokenized Stocks and ETFs on Ethereum

According to Decrypt, decentralized finance (DeFi) asset management company Ondo Finance has launched over 100 tokenized versions of U.S.-listed stocks and ETFs on Ethereum, available only to non-U.S. investors. The company previously obtained broker-dealer and transfer agent licenses from U.S. regulators through the acquisition of Oasis Pro.

This initiative is reportedly supported by several major crypto wallets, including Trust Wallet, OKX Wallet, MEXC, Morpho, Ledger, and Bitget Wallet. Bitget's Chief Marketing Officer Jamie Elkaleh stated that Ondo's global market launch is significant as it achieves tokenization and round-the-clock trading that many early attempts failed to realize, providing the broadest range of assets held by U.S.-registered brokers.

Coinbase Plans to Launch the First U.S. Index Futures Covering Stocks and Cryptocurrencies, Including Seven Giants, COIN, and Two BlackRock Spot ETFs

Coinbase announced that its derivatives trading platform continues to expand its product matrix, planning to launch the innovative Mag7 + Crypto Asset Stock Index Futures, which will be the first listed derivative futures contract in the U.S. covering both stocks and cryptocurrencies.

The index composition includes: U.S. "Seven Giants": Apple (AAPL), Microsoft (MSFT), Google (GOOGL), Amazon (AMZN), Nvidia (NVDA), Meta (META), Tesla (TSLA); Coinbase stock (COIN); Crypto ETFs: BlackRock Bitcoin Trust (IBIT), Ethereum Trust (ETHA). The index is calculated using an equal-weight method, with each of the 10 components accounting for 10% weight, rebalanced quarterly to reflect market changes. MarketVector serves as the official index provider. The contracts will be cash-settled monthly, with each contract representing one times the index value, and the product is expected to be open for retail trading in the coming months.

Morgan Stanley Discloses $188 Million Purchase of Bitcoin ETF in Q2

According to market news, Morgan Stanley, with assets totaling $1.7 trillion, disclosed that it purchased $188 million worth of Bitcoin ETF in the second quarter.

U.S. Citizens Bank Resumes Cryptocurrency Custody Services, Expanding Product Range to Bitcoin ETF

According to Jin10, U.S. Citizens Bank announced the resumption of cryptocurrency custody services for institutional clients, expanding its product range to include Bitcoin ETF.

U.S. SEC Delays Decision on Grayscale Polkadot (DOT) Spot ETF

Views and Analysis on Crypto ETFs

Analyst Claims Rex-Osprey May Launch First Dogecoin ETF Next Week

According to The Block, Bloomberg industry research analyst Eric Balchunas stated that REX-Osprey is expected to launch the REX-Osprey DOGE ETF (proposed code DOJE) as early as next week, which may become the first ETF tracking the price of Dogecoin. Previously, REX-Osprey launched the Solana+Staking Yield ETF (SSK) in July.

The ETF Store President: Probability of XRP Spot ETF Approval in 2025 Approaches 100%

The ETF Store President Nate Geraci posted on social media, "The prediction market Polymarket shows an 87% probability of XRP spot ETF approval in 2025. I personally believe this probability is close to 100%."