Crypto spot ETFs performed well last week! Global Bitcoin spot ETFs increased their holdings by 9,100 Bitcoins, of which ETFs in the United States, except Grayscale, increased their holdings by 9,700 Bitcoins, becoming the main force of the increase. ETFs in Canada and Germany reduced their holdings slightly. Overall, this month's holdings turned from reduction to increase, with a cumulative increase of 7,013 Bitcoins.

US Bitcoin spot ETFs had a net inflow of US$1.106 billion, setting a record high for a single day in nearly 4 months. Grayscale GBTC had the only net outflow of US$21.8 million, while BlackRock IBIT had the highest inflow of US$499 million.

US Ethereum spot ETFs also performed well, with a net inflow of US$85 million. BlackRock Ethereum spot ETF had the highest net inflow of US$95.5 million, and its asset size exceeded US$1 billion.

In Hong Kong, crypto ETF liquidity remains sluggish, with a net outflow of 15.94 bitcoins from the Bitcoin spot ETF and no capital flow from the Ethereum spot ETF.

The U.S. SEC postponed the resolution of the application for trading options on the BlackRock and Bitwise Ethereum spot ETFs, with the latest deadlines being November 10 and November 11. Bank of New York Mellon has been approved by the SEC to provide cryptocurrency custody services.

Analysts pointed out that Bitcoin spot ETF options may increase the "paper" supply of Bitcoin and affect the demand for underlying assets. The chairman of the Hong Kong Securities and Futures Commission said that the market value of the first batch of virtual asset ETFs has exceeded US$300 million, and more tokenized use cases will be explored.