Cryptocurrency ETF Weekly | Last week, the net inflow of Bitcoin spot ETFs in the U.S. was $256 million, and Crypto.com launched ETF trading in the U.S
The US Ethereum spot ETF ended five consecutive weeks of net inflows, turning into a net outflow of $38.1 million.整理：Fairy，ChainCatcher
Last Week's Crypto Spot ETF Performance
U.S. Bitcoin Spot ETF Net Inflow of $256 Million
Last week, the U.S. Bitcoin spot ETF saw a net inflow of $256 million, bringing the total net asset value to $111.46 billion, with an average daily trading volume of $2.8 billion. On January 3, the net inflow reached $908 million, marking the highest record since November 21.
The inflow mainly came from Fidelity's FBTC and ARK Invest's ARKB, with net inflows of $275 million and $200 million, respectively. Three ETFs experienced net outflows, with BlackRock's IBIT seeing a net outflow of $139 million and Grayscale's GBTC a net outflow of $167 million. Additionally, four ETFs had no capital movement.
On January 2, BlackRock's Bitcoin spot ETF had a net outflow of 3,412 Bitcoins, valued at approximately $330 million, setting the highest net outflow record since the ETF's inception.
Source: Farside Investors
U.S. Ethereum Spot ETF Net Outflow of $38.1 Million
The U.S. Ethereum spot ETF shifted from net inflow to net outflow, with a net outflow of $38.1 million last week, bringing the total net asset value to $13.03 billion, with an average daily trading volume of $368 million.
The outflow primarily came from Bitwise's ETHW and Grayscale's ETHE, with outflows of $56.1 million and $51.6 million, respectively.
Note: The U.S. stock market was closed on January 1, so there is no data for that day.
Source: Farside Investors
Hong Kong Bitcoin Spot ETF Net Inflow of 4.98 Bitcoins
Last week, the liquidity of Hong Kong's crypto ETFs was low, with only one day of capital movement. The Hong Kong Bitcoin spot ETF shifted from net outflow to net inflow, with a net inflow of 4.98 Bitcoins, bringing the net asset value to $413 million.
The Hong Kong Ethereum spot ETF had no capital movement, with a net asset value of $6.491 million.
Note: The Hong Kong stock market was closed on January 1, so there is no data for that day.
Data: SoSoValue
Crypto Spot ETF Options Performance
As of January 3, the nominal total trading volume of U.S. Bitcoin spot ETF options was $576 million, with a nominal total trading long-short ratio of 1.88. As of January 2, the nominal total open interest of U.S. Bitcoin spot ETF options reached $9.21 billion, with a nominal total open interest long-short ratio of 1.77, indicating a bullish market sentiment.
Additionally, the implied volatility was 61.06%.
Data: SoSoValue
Overview of Last Week's Crypto ETF Dynamics
Crypto.com Expands in the U.S., Launches Zero-Commission Stock and ETF Trading
Crypto.com has expanded its product offerings in the U.S., launching stock and exchange-traded fund (ETF) trading on its platform.
According to a statement on January 3, the company announced that its users can now manage stocks and ETFs alongside their cryptocurrency portfolios directly through their app. The platform offers zero-commission trading, zero-commission stock options, and seamless asset transfers. This feature will initially roll out in Pennsylvania, Ohio, Washington, and Arizona, with plans for a nationwide launch soon.
BlackRock's IBIT Ranks Third in 2024 ETF Rankings
In the 2024 top 20 ETF rankings, VOO closed at $116 billion, surpassing the previous record by $65 billion; IVV closed strongly at $89 billion, while BlackRock's Bitcoin ETF IBIT ranked third with $37 billion.
BlackRock manages 1,101 funds. Its Bitcoin ETF IBIT ranked 13th among all funds by the end of 2024, with assets under management reaching $52 billion (achieving this level in less than a year).
Views and Analysis on Crypto ETFs
The ETF Store President: "We Will See an Application for a BTC-Weighted Inverse Market Cap S&P 500 ETF in Two Months"
The ETF Store President Nate Geraci shared his prediction on the X platform, stating that we will see an application for a "BTC-weighted inverse market cap S&P 500 ETF" in the next two months.
VanEck Research Director: U.S. "Very Likely" to Approve SOL ETF in 2025
Cryptocurrency prediction platform Polymarket previously indicated that the likelihood of a U.S. Solana ETF launch in 2025 is about 77%.
VanEck Research Director Matthew Sigel commented that this prediction is underestimated. In June 2024, VanEck and competitor asset management firm 21Shares sought permission from U.S. regulators to launch a spot Solana ETF. Shortly after Trump's victory in the U.S. presidential election last November, Matthew Sigel stated that the likelihood of the U.S. approving the SOL ETF in 2025 is "very high."
The ETF Store President Releases Top Five Predictions for Crypto ETFs in 2025, Including Spot Ethereum ETF Options and Staking
The ETF Store President Nate Geraci posted on X, stating: "Here are my top five predictions for cryptocurrency ETFs in 2025 (ranked by confidence):
- Launch of a joint spot BTC and ETH ETF (obvious)
- Spot ETH ETF options trading
- Physical creation/redemption of spot BTC and ETH ETFs
- Staking for spot ETH ETFs
- Approval of a spot SOL ETF
In fact, all of these will happen."
Steno Research: Expecting Bitcoin and Ethereum ETFs to See Net Inflows of $48 Billion and $28.5 Billion This Year
In a recent report, Steno Research stated that its bullish predictions for BTC and ETH prices reflect "an unprecedented favorable regulatory environment for cryptocurrencies, characterized by declining interest rates and improving liquidity, as well as historically strong performance after Bitcoin halving."
It also noted, "In addition, institutional adoption is expected to reach unprecedented levels, with significant capital inflows into U.S. Bitcoin and Ethereum ETFs further driving this trend."
Steno expects net inflows for BTC and ETH ETFs to reach $48 billion and $28.5 billion, respectively, in 2025.
Furthermore, the report stated that by 2025, DApp TVL is expected to exceed $300 billion, far surpassing the previous high of about $180 billion in 2021.
