Crypto ETF Weekly Report | Last week, the U.S. Bitcoin spot ETF saw a net inflow of US$312 million, and Nasdaq applied to increase the IBIT position limit to 250,000 shares

Organized by: Fairy, ChainCatcher

Crypto spot ETF performance last week

U.S. Bitcoin Spot ETF saw net inflows of $312 million

Last week, the U.S. Bitcoin spot ETF saw a net inflow of US$312 million, with a total net asset value of US$107.64 billion, and an average single-day trading volume of US$3.8 billion. On January 6, net inflows were US$978 million, the highest since November 21.

The inflow mainly came from BlackRock IBIT, with a net inflow of US$497 million. Five ETFs experienced net outflows, including Ark Invest and 221Shares' ETF ARKB, which had a net outflow of US$200 million.

The 11 Bitcoin spot ETFs were officially approved on January 10, 2024, and listed for trading on January 11, 2024. It has been one year since then. Bitcoin spot ETFs have accumulated net inflows of US$36.225 billion, with BlackRock IBIT having the largest net inflow of US$37.667 billion, followed by Fidelity FBTC with a net inflow of US$12.156 billion. Grayscale GBTC had a net outflow of US$21.566 billion, becoming the only Bitcoin spot ETF with a net outflow.

Source: Farside Investors

U.S. Ethereum spot ETF saw net outflow of $186 million

Last week, the U.S. Ethereum spot ETF had a net outflow of US$186 million, with a total net asset value of US$11.61 billion, and an average single-day trading volume of US$514 million.

Outflows mainly came from Fidelity FETH, with a net outflow of US$276 million. In addition, four ETFs had no liquidity.

Note: The U.S. stock market was closed on January 9, so there is no data on that day.

Source: Farside Investors

Hong Kong Bitcoin Spot ETF had a net outflow of 41.29 Bitcoins

Last week, the Hong Kong Bitcoin Spot ETF had a net outflow of 41.29 Bitcoins, with a net asset value of US$401 million.

The Hong Kong Ethereum spot ETF had a net outflow of 414.71 Ethereum, with a net asset value of US$60.77 million. On January 10, there was a net outflow of 414.71 Ethereum, setting the largest net single-day outflow record since June 17.

Data:SoSoValue

Crypto Spot ETF Options Performance

As of January 10, the total nominal trading volume of U.S. Bitcoin spot ETF options was US$1.98 billion, and the total nominal trading long-short ratio was 1.59, indicating that the long and short trading volumes in the market are relatively balanced. As of January 8, the total nominal positions of U.S. Bitcoin spot ETF options reached US$9.81 billion, and the long-short ratio of total nominal positions reached 1.68.

Additionally, the implied volatility is 59.27%.

Data:SoSoValue

A look at last week’s crypto ETF news

Ninepoint announced that it will update its Web3 Innovation Fund to an

ETF

Ninepoint Partners LP announced that it will update its Web3 Innovation Fund Ninepoint Web3 Innovators Fund to an exchange-traded fund, and the new product name is "Ninepoint Crypto and AI Leaders ETF".

For now, the ETF's investment objectives and strategies will remain unchanged and it will continue to be listed on the Toronto Stock Exchange.

Nasdaq applies to increase BlackRock Bitcoin Spot ETF position limit to

250,000 shares

According to a public regulatory filing, Nasdaq has submitted an application to the U.S. Securities and Exchange Commission (SEC) to increase the position limit of the BlackRock Spot Bitcoin ETF (IBIT) from 25,000 to 250,000. It should be noted that this application also requires SEC approval to take effect. The position limit refers to the maximum share of the ETF that a single investor or institution can hold.

The director of Bitwise Alpha Strategies said: "Considering the increasing trading volume of this ETF, it is reasonable to at least increase the position limit to 400,000 shares. The appeals of Nasdaq and BlackRock are reasonable and supported by factual basis ”

Opinion and Analysis on Crypto ETFs

[The CEO of The ETF Store releases 10 crypto-related ETF predictions for

2025](https://www.chaincatcher.com/article/2162005)

Nate Geraci, President of The ETF Store, released 10 crypto-related ETF predictions for 2025 and believes that the Trump administration will adopt a significantly different policy on cryptocurrency than the Biden administration, which may make 2025 the "Year of Cryptocurrency ETFs." The main predictions are as follows:

• The asset size of spot Bitcoin ETFs exceeds that of physical gold ETFs (this is obvious unless the price of Bitcoin plummets);
• Spot Ethereum ETF options trading approved
• Spot Bitcoin and Ethereum ETFs allow physical creation/redemption
• Spot Ethereum ETF pledge approved
• Bitwise Bitcoin Standard Company ETF launched, assets under management exceed US$1 billion
• There are at least 50 other crypto-related ETFs listed, including options-based products (covered call ETFs, determined outcome ETFs, etc.), Bitcoin-denominated stock ETFs, and “bitcoin bond” ETFs
• Spot Solana ETF approved
• Spot XRP ETF approved
• Bitwise and Grayscale crypto index ETFs approved
• Vanguard lets clients invest in Bitcoin and Ethereum spot ETFs through brokerage accounts

[Ripple President: XRP could be the next crypto spot

ETF](https://www.chaincatcher.com/article/2161518)

Ripple President Monica Long said in an interview on Tuesday that an XRP ETF may soon be realized as favorable U.S. cryptocurrency legislation would greatly benefit domestic companies.

Long said: “I think we will see more spot ETFs launched in the United States this year, and XRP is likely to be the next crypto spot ETF after Bitcoin and Ethereum. Especially with the change of government, the approval of these applications will accelerate."

[21.co Strategy Analyst: Data shows that ETH ETF still has a lot of room

for growth, and may catch up in 2025](https://www.chaincatcher.com/article/2161123)

21.co strategic analyst Tom Wan wrote that the current market capitalization ratio of BTC to ETH is 4.5:1, while the ETF asset management scale (AUM) ratio is as high as 9:1. BTC ETF holdings account for 5.9% of the total supply, while ETH ETF holdings account for only 2.9%, indicating that ETH ETF still has a lot of room for growth, and may catch up in 2025, which may drive the price of ETH up.

[President of The ETF Store: Calamos will launch the first Bitcoin ETF

with 100% downside protection](https://www.chaincatcher.com/article/2160963)

Nate Geraci, President of The ETF Store, said at Restricted.”

It is reported that CBOJ is expected to be listed on CBOE on January 22, 2025. CBOJ will use a combination of options on U.S. Treasuries and the CBOE Bitcoin U.S. ETF Index. This actively managed ETF provides a regulated way to gain exposure to Bitcoin within a risk control framework.

According to previous news , asset management company Calamos submitted an application for a Bitcoin buffer ETF.