Crypto ETF Weekly Report | Last week, US Bitcoin Spot ETF net outflow was US$707 million; US SEC approved Ethereum Spot ETF option trading
Reprinted from chaincatcher
04/15/2025·12DCompiled by: Jerry, ChainCatcher
Crypto spot ETF performance last week
US Bitcoin Spot ETF Net Outflow $707 Million
Last week, US Bitcoin spot ETFs had net outflows for five consecutive days, with a total net outflow of 7.07 $93.36 billion, with a total net asset value of $93.36 billion.
Last week, nine ETFs were in a net outflow, mainly from IBIT, GBTC, and FBTC, with outflows of US$342 million, US$160 million and US$74.6 million respectively.
Source: Farside Investors
US Ethereum spot ETF net outflow of US$82.5 million
Last week, U.S. Ethereum spot ETFs experienced net outflows in four days, with a total net outflow of US$82.5 million and a total net asset value of US$5.24 billion.
The outflow last week was mainly from Fidelity FETH, with a net outflow of $45 million. There are 4 Ethereum spot ETFs with no capital flow.
Source: Farside Investors
Hong Kong Bitcoin Spot ETF Net Outflow 149.09 Bitcoins
Last week, Hong Kong Bitcoin spot ETFs had a net outflow of 149.09 bitcoins, with a net asset value of US$332 million. Among them, the issuer Jiashi Bitcoin held by the number of Bitcoin fell to 302.69, while China fell to 2160.
Hong Kong Ethereum spot ETF has a net inflow of 98.67 bitcoins, with a net asset value of US$31.02 million.
Source: SoSoValue
Crypto spot ETF Option performance
As of April 11, the nominal total transaction volume of US Bitcoin spot ETF options was US$1.83 billion, and the nominal total long-short ratio was 3.69.
As of April 10, the total nominal holdings of US Bitcoin spot ETF options reached US$10.8 billion, and the total nominal holdings long and short ratio reached 1.83.
The market's trading activity against Bitcoin spot ETF options has increased in the short term, and overall sentiment is bullish.
In addition, the implied volatility is 56.64%.
Source: SoSoValue
A brief overview of the dynamics of encrypted ETFs last week
According to Bloomberg, alternative asset management company Teucrium Investment Advisors LLC has officially launched a leveraged ETF pegged to the cryptocurrency XRP, the first product in the U.S. market to provide such exposure. XRP is the fourth largest cryptocurrency in the world with a market capitalization of approximately US$111 billion and is also the core asset in a recent U.S. regulator investigation into Ripple Labs Inc.
According to Teucrium's official website, this product called "Teucrium 2x Long Daily XRP ETF" will achieve twice the leverage return on XRP's daily income through swap contracts, and will be officially listed on the trading platform on Tuesday, with the trading code XXRP and the annualized fee rate of 1.85%.
Founded in 2010, Teucrium currently manages assets of US$311 million and has 12 ETFs covering multiple alternative markets.
CBOE Submits 19b-4 Application Document to the US SEC for Canary SUI ETF
According to the US SEC application documents, Cboe BZX, a subsidiary of the Chicago Options Exchange Group, is submitting a proposed rule change (19b-4 application document) to the U.S. Securities and Exchange Commission to list and trade shares in the Canary SUI ETF.
Anchorage Digital will provide digital asset custody services for BlackRock encrypted ETFs
According to official Anchorage Digital, as the only digital asset bank in the United States that has been granted a federal license, it will deepen its partnership with BlackRock and will provide it with digital asset custody services to meet the growing demand for digital assets from retail and institutional customers.
US SEC officially accepts Fidelity Solana ETF listing application and publicizes it
The U.S. Securities and Exchange Commission (SEC) issued an announcement on April 9, 2025 to officially accept the Fidelity Solana fund listing application submitted by Cboe BZX Exchange. The fund will be listed as Commodity - Based Trust Shares, with the underlying assets being Solana (SOL) cryptocurrency.
The Hong Kong Securities Regulatory Commission (SFC) officially issued an announcement on April 7, respectively, to issue regulatory guidance to licensed virtual asset trading platforms on their provision of pledge services, and to provide guidance to the Securities Regulatory Commission-approved funds (virtual asset funds) that invest in virtual assets on their participation in pledge activities. The virtual asset exchange HashKey Exchange received approval from the Hong Kong Securities Regulatory Commission on April 10, becoming the first exchange in Hong Kong to be approved to provide pledge services.
"The SFC recognizes the potential benefits of staking in enhancing blockchain network security and allows investors to earn profits from virtual assets in a regulated market environment," the SFC said in the announcement.
In February this year, SFC released the "Virtual Asset Development Roadmap" ("ASPI-Re" framework) and proposed to consider expanding the scope of virtual asset products under the regulatory framework, including providing pledge, leverage, and lending services under clear guidelines.
Terence Pu, managing director of HashKey Exchange, said, “HashKey Exchange has built a staking service system that meets regulatory requirements, and is the first to provide ETH staking services to spot ETFs, and is actively promoting the staking services to all customers.
Relying on HashKey Cloud's excellent node operation capabilities, this service provides users with secure and compliant staking services. In the near future, investors will not only be able to hold Ethereum ETFs to obtain pledge income, but also directly hold ETH and obtain additional income through our staking services. ”
Grayscale and Osprey settle on Bitcoin ETF lawsuit
Digital asset management company Grayscale and Osprey have settled a legal dispute over marketing practices of Bitcoin Trust ETFs.
Court documents show that both parties must complete the sorting and execution of the settlement agreement documents within the next 45 days. The case stems from the fact that Osprey sued Grayscale for “misleading publicity” in the process of promoting GBTC to ETFs in early 2023, and Grayscale was approved by the SEC to convert to ETFs in 2024. Previously, the court ruled that Grayscale won the case in February 2025, believing that the Connecticut Improper Business Conduct Act cited by Osprey does not apply to securities cases. The details of the settlement have not been made public and there is no formal response from both parties.
VanEck submitted an application for Avalanche ETF listed on Nasdaq to the US SEC
