Cryptocurrency ETF Weekly Report | Last week, the net inflow of Bitcoin spot ETFs in the U.S. was $446 million; the net outflow of Ethereum spot ETFs in the U.S. was $243 million
Hong Kong's first Solana exchange-traded fund "Huaxia Solana ETF" has been approved.整理：Jerry，ChainCatcher
Last Week's Performance of Crypto Spot ETFs
US Bitcoin Spot ETF Net Inflow of $446 Million
Last week, the US Bitcoin spot ETF saw a net inflow of $446 million over three days.
Last week, 9 ETFs were in a net inflow state, with inflows mainly coming from IBIT, ARKB, and FBTC, which saw inflows of $324 million, $54 million, and $52.3 million, respectively.
Data Source: Farside Investors
US Ethereum Spot ETF Net Outflow of $243 Million
Last week, the US Ethereum spot ETF experienced a net outflow of $243 million over four days.
The outflow last week mainly came from BlackRock's ETHA, with a net outflow of $95.2 million. 6 Ethereum spot ETFs were in a net outflow state.
Data Source: Farside Investors
Overview of Crypto ETF Dynamics Last Week
Caixin: Hong Kong's First Solana Spot ETF Does Not Include Staking
According to Caixin, the Hong Kong Securities and Futures Commission has approved the "Huaxia Solana ETF" for listing on the Hong Kong Stock Exchange. Although Hong Kong's regulations allow virtual currency spot ETFs to offer staking services, the issuance of the Huaxia Solana ETF does not include staking. Industry insiders revealed that this may be due to concerns raised by a previous incident involving a staking service provider, Klin, which was suspected of being hacked, leading to a theft incident at the Swiss-based cryptocurrency platform SwissBorg. This has prompted Hong Kong regulators to believe that the staking function requires more cautious evaluation.
155 Crypto ETF Applications Awaiting Approval in the US, Led by Bitcoin and Solana
According to Bloomberg, there are currently 155 applications for cryptocurrency-based exchange-traded products (ETPs) in the US, covering 35 digital assets, with Bitcoin and Solana each having 23 applications, XRP with 20, and ETH with 16.
Despite the US government shutdown delaying the approval process, industry experts remain optimistic that approvals are forthcoming. Recently, issuers have actively submitted applications for 2x and 3x leveraged ETFs and products that include staking mechanisms, reflecting a "land grab" mentality in the market for crypto ETFs. Analysts point out that investors prefer to diversify their investments in emerging digital assets through index-based and actively managed ETFs rather than single tokens. Since the launch of spot Bitcoin and Ethereum ETFs in January and July 2024, respectively, BTC ETFs have managed nearly $150 billion in assets, while ETH ETFs have approximately $24 billion.
US Asset Management Firm T. Rowe Files for Cryptocurrency ETF
US asset management firm T. Rowe has submitted an application for a cryptocurrency ETF.
The ETF is named "T. ROWE PRICE ACTIVE CRYPTO ETF," aiming to outperform the FTSE US Listed Cryptocurrency Index, which consists of the top 10 cryptocurrencies by market capitalization that meet the US Securities and Exchange Commission (SEC) general listing standards.
Hong Kong's First Solana Exchange-Traded Fund "Huaxia Solana ETF" Approved
According to the Hong Kong Economic Journal, the Hong Kong Securities and Futures Commission has officially approved the first Solana (SOL) spot ETF, issued by Huaxia Fund (Hong Kong), making it the third approved cryptocurrency spot ETF after Bitcoin and Ethereum, and the first of its kind in Asia.
The ETF (code: 03460) is expected to be listed on the Hong Kong Stock Exchange on October 27, with a RMB counter (83460) and a USD counter (9460). The trading unit is 100 shares, with a minimum investment amount of approximately $100. Its virtual asset trading platform is OSL Exchange, with a management fee rate of 0.99% and an annual recurring expense ratio of about 1.99%.
Standard Chartered Hong Kong to Launch Virtual Asset ETF Trading Services in November
According to local media Ming Pao, Standard Chartered Hong Kong recently conducted a survey under the Hong Kong Monetary Authority's "Digital Hong Kong Dollar+" project and found that three-quarters of high-end clients are interested in digital assets, with nearly 80% of respondents intending to participate in digital asset investment activities in the next 12 months.
He Wanjun, head of wealth solutions at Standard Chartered Hong Kong, stated that the bank will launch trading services for virtual asset ETFs in November, allowing clients to participate in emerging investments through the Standard Chartered platform, thereby diversifying their asset allocation and financial choices.
VanEck Files for Lido Staked Ethereum ETF
According to official news, ETF issuer VanEck has submitted an S-1 registration application for the "VanEck Lido Staked ETH ETF" to the US Securities and Exchange Commission (SEC). This fund aims to allow investors to earn Ethereum staking rewards through staked ETH tokens (stETH) via the Lido protocol.
Kean Gilbert, head of institutional relations at the Lido Ecosystem Foundation, stated, "This application marks the gradual recognition of liquid staking as a core component of Ethereum infrastructure. The stETH of the Lido protocol demonstrates that decentralization and institutional standards can coexist, laying the foundation for broader market development."
The ETF will hold stETH, benefiting from its fully audited smart contracts, deep secondary market liquidity, and integration with leading custodians and exchanges. If approved, this ETF will provide institutional investors with a compliant and tax-efficient way to participate in Ethereum staking within a regulated investment framework.
Osprey Submits S-1 Application for Solana Spot ETF to the US SEC
21Shares Has Submitted a New INJ ETF Application
Views and Analysis on Crypto ETFs
Glassnode released data on social media indicating that the spot Bitcoin ETF has experienced net outflows, a phenomenon often concentrated near local market lows, accompanied by a decline in market sentiment. When the fund flows stabilize or turn positive, historical patterns suggest that this typically indicates the early stages of demand recovery and trend reversal.
Risk warning
Risk warning
Popular articles
