Crypto ETF Weekly Report | Last week, U.S. Bitcoin spot ETFs saw a net inflow of $2.386 billion; The U.S. Ethereum spot ETF saw a net inflow of $2.182 billion

Organized: Jerry, ChainCatcher

Crypto spot ETF performance last week

The U.S. Bitcoin spot ETF saw a net inflow of $2.386 billion

Last week, U.S. Bitcoin spot ETFs saw five consecutive days of net inflows, with a total net inflow of $2.386 billion and a total net asset value of $152.40 billion.

Last week, 7 ETFs were in a state of net inflows, mainly from IBIT, BTC, and HODL, with inflows of $2.569 billion, $41.9 million, and $30.9 million respectively.

Source: Farside Investors

The U.S. Ethereum spot ETF saw a net inflow of $2.182 billion

Last week, U.S. Ethereum spot ETFs saw net inflows for five consecutive days, with a total net inflow of $2.182 billion and a total net asset value of $18.37 billion.

Last week's inflows were primarily from BlackRock ETHA, with a net inflow of $1.763 billion. All 9 Ethereum spot ETFs are in a state of net inflows.

Source: Farside Investors

The Hong Kong Bitcoin spot ETF saw a net inflow of 72.73 Bitcoins

Last week, Hong Kong Bitcoin spot ETFs saw a net inflow of 72.73 Bitcoins, with a net asset value of $505 million. Among them, the holdings of issuer Harvest Bitcoin dropped to 293.2, and Huaxia increased to 2,280.

The Hong Kong Ethereum spot ETF saw a net inflow of 920 Ethereum, with a net asset value of US$81.17 million.

Source: SoSoValue

Crypto spot ETF options performance

As of July 18, the total notional turnover of U.S. Bitcoin spot ETF options was $1.33 billion, with a notional total long-short ratio of 2.53.

As of July 17, the total notional holdings of U.S. Bitcoin spot ETF options reached $27.41 billion, with a nominal long-short ratio of 1.82.

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

Additionally, the implied volatility is 43.54%.

Source: SoSoValue

A glance at the dynamics of crypto ETFs over the last week

VanEck and other institutions have urged the U.S. SEC to approve its Ethereum ETF staking application on a "first-in, first-out" basis

BlackRock's move to add staking options to its iShares Ethereum Trust this week has reignited discussions about the SEC's bulk approval process, with VanEck, 21Shares, and Canary Capital urging the SEC to consider adopting a first-in, first-out approval process rather than wanting "bulk approval" with BlackRock, which filed later, according to DL News.

Bloomberg ETF analyst James Seyffart posted on the X platform that the Ethereum ETF staking options submitted by multiple institutions "will take time to complete", and the final deadline for early applications is late October 2025, but the approval deadline for Ethereum ETH staking applications submitted by BlackRock is not until around April 2026, but believes that it may be approved as early as the fourth quarter of 2025.

Pandu: It plans to launch a pledged spot Ethereum ETF product in Hong Kong in the second half of this year

According to Hong Kong media reports, after the listing of Bitcoin ETFs in Hong Kong, Ren Junfei, founder and CEO of licensed virtual asset management company Pandu, announced plans to launch a pledged spot Ethereum ETF product in Hong Kong in the second half of this year.

21Shares applied to the US SEC for two crypto index ETFs

21Shares has applied to the U.S. SEC for two cryptocurrency index ETFs, namely the 21Shares FTSE Crypto 10 Index ETF and the 21Shares FTSE Crypto 10 ex-BTC Index ETF. The two products track the top 10 cryptocurrencies by market capitalization and the FTSE Crypto Index, which excludes Bitcoin, respectively.

The U.S. SEC delayed its decision to redeem Bitwise BTC and ETH ETFs in kind

According to Decrypt, the U.S. Securities and Exchange Commission (SEC) has extended the timeline for its in-kind redemption decisions on the Bitwise Bitcoin ETF Trust and Bitwise Ethereum ETFs.

Physical redemptions allow investors to exchange ETF shares for their underlying tokens. The SEC's new deadline is September 8.

Bitwise has launched a third-party proof-of-asset service for its Bitcoin vs. Ethereum spot ETF

According to official sources, Bitwise announced that it has launched a third-party proof-of-asset reserve transparency service for the Bitcoin spot ETF (BITB) and Ethereum spot ETF (ETHW), which is provided by the US CPA firm The Network Firm.

NYSE approves ProShares Ultra XRP ETF

According to Cointelegraph, the NYSE approved the ProShares Ultra XRP ETF (ticker: UXRP).

BlackRock has applied to introduce staking features in Ethereum ETFs

Canary files Form S-1 for the STAKED INJ ETF

Market news: ProShares launches ETF aiming for 2x intraday returns for SOL and XRP

Opinions and analysis on crypto ETFs

Bloomberg ETF analyst: BlackRock's IBIT size may reach $100 billion this summer

Eric Balchunas, senior ETF analyst at Bloomberg, posted on social platforms that the size of BlackRock's Bitcoin spot ETF IBIT may reach $100 billion this summer, and it may actually happen this month.

Thanks to recent inflows and overnight gains, it has reached $88 billion. Founded just a year and a half, it is now the 20th largest ETF in the United States and the 7th largest ETF on BlackRock (and its number one ETF in terms of profitability). It's unbelievable.

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