Arrangement: Fairy, ChainCatcher
Crypto Spot ETF Performance Last Week
From November 11 to November 14, the total holdings of global Bitcoin spot ETFs increased significantly by 23,436 Bitcoins. The US Bitcoin spot ETF became the main force in increasing holdings, with a total of 23,874 Bitcoins, and other ETFs around the world also slightly increased their holdings by 97 Bitcoins. At the same time, Bitcoin spot ETFs in Canada, Germany, and Hong Kong were all in a state of reducing holdings.
Data from @Phyrex_Ni
US Bitcoin spot ETF net inflows of $1.801 billion
The US Bitcoin spot ETF has been showing a trend of capital inflows for six consecutive weeks, with a net inflow of US$1.801 billion last week and a total net asset value of US$95.41 billion. According to Trader T's monitoring on November 12, the total holdings of Bitcoin ETFs worldwide have now exceeded the holdings of Satoshi Nakamoto's wallet address.
BlackRock IBIT became the main inflow, with a weekly net inflow of US$2.022 billion. In addition, IBIT reached a market value of US$40 billion in just 211 days, breaking IEMG's record of 1,253 days and ranking among the top 1% in global asset size. Only 10 months after its establishment, its scale has surpassed the overall performance of 2,800 ETFs issued in the past decade.
Source: Farside Investors
US Ethereum spot ETF net inflows of $533.9 million
Last week, the US Ethereum spot ETF had a net inflow of $533.9 million, and the total net asset value is now $9.15 billion. BlackRock ETHA had the highest inflow, reaching $305 million. Only Grayscale ETHE was in a net outflow state, with a net outflow of $101 million.
On November 11, the total daily trading volume reached US$912 million, setting a record high since July 26. The total weekly trading volume of the Ethereum spot ETF exceeded US$1.63 billion, an increase of more than 44% month-on-month, setting a new record since its launch in August.
Source: Farside Investors
Hong Kong Bitcoin Spot ETF net inflow of 144.55 Bitcoins
Last week, the Hong Kong Bitcoin spot ETF had a net inflow of 144.55 bitcoins, with a net asset value of $384 million. On November 15, the Bitcoin spot ETF had a net inflow of 96.13 bitcoins, a new high since August 23.
Ethereum spot ETF had a net inflow of 620.9 ETH, with a net asset value of $75.77 million. On November 14, the net inflow was 620.9 ETH, the highest net inflow since August 8.
Source: Coinglass
An overview of crypto ETF activity last week
Canary Capital filed for the HBAR ETF, which will track “the native asset of the Hedera Network.”
The Hong Kong Stock Exchange has launched a series of virtual asset indices, with reference exchange rates calculated at 4pm daily. The index series will provide a transparent and reliable real-time price benchmark for Bitcoin (BTC) and Ethereum (ETH) pricing in the Asian time zone, provide a unified reference price for virtual assets, and resolve price differences between virtual assets on global exchanges.
Specifically, the reference index is based on the benchmark spot price of Bitcoin or Ethereum weighted by 24-hour trading volume, calculated based on the aggregated market prices of several major virtual asset exchanges, and denominated in US dollars in real time. The reference exchange rate is designed for the settlement of financial products and is calculated at 4 pm Hong Kong time every day. The launch of this index series is also an initiative of Hong Kong to build Asia's leading digital asset center.
Ye Zhiheng, executive director of the Intermediaries Department of the Hong Kong Securities and Futures Commission, previously pointed out that virtual asset trading platform licenses will be issued before the end of this year, a virtual asset trading platform advisory group will be launched early next year, and tokenization and Ensemble projects will continue to be supported.
Bitwise to Launch Aptos Staking ETP on Swiss Stock Exchange Starting November 19, Bitwise Aptos Staking ETP will be listed on the Swiss Stock Exchange.
Pennsylvania lawmaker introduces bill to invest in Bitcoin and cryptocurrency ETFs as a hedge against inflation.A Pennsylvania lawmaker is pushing a new bill that would allow the state treasurer to invest in Bitcoin, following a similar proposal by U.S. Senator Cynthia Lummis.
The bill, titled the Strategic Bitcoin Reserve Act, was co-sponsored by Republican Representatives Mike Cabell and Aaron Kaufer and has been introduced in the Pennsylvania House of Representatives. The bill would allow the Pennsylvania Treasurer to invest in bitcoin, digital assets and cryptocurrency-based exchange-traded products.
Cabell said in a memo filed this week that investing in Bitcoin could be a "hedge against inflation."
Opinions and analysis on crypto ETFs
Kraken Strategy Director: Sovereign Wealth Funds and Others Will Double the Size of Crypto ETFs to $50 Billion
Thomas Perfumo, head of strategy at Kraken, expects cryptocurrency ETF inflows to double to $50 billion by 2025. He said that "ultimate allocation institutions" such as sovereign wealth funds, endowment funds and pension funds will enter the market one after another next year, and large asset management institutions have begun to consider allocating 1% to 3% of their portfolios to crypto assets.
Data shows that the total amount of Bitcoin held by 11 Bitcoin ETF issuers has exceeded US$90 billion, accounting for more than 5% of the total supply of Bitcoin. The participation of mainstream asset management institutions such as BlackRock and Fidelity has reduced investment costs and risks while also increasing the market recognition of crypto assets.
Perfumo further pointed out that Trump’s victory in the US election injected confidence into the market. Trump had previously promised to establish a strategic reserve of Bitcoin, fire SEC Chairman Gary Gensler, and promote stablecoin legislation.
Bloomberg analyst: CFTC has cleared the way for the launch of Bitcoin spot ETF options
Bloomberg analyst Eric Balchunas posted on social media that the CFTC has just issued a notice that clears the way for the listing of spot Bitcoin ETF options. This is the second hurdle that needs to be cleared after the SEC. Now we just have to wait for the OCC (Options Clearing Corporation) to list it.
VanEck executive: Solana ETF is highly likely to be listed before the end of next year
Nate Geraci, president of The ETF Store, published a post on the X platform, revealing that Matthew Sigel, head of digital asset research at asset management company VanEck, said: “I think it is highly likely that the Solana ETF will be listed and traded before the end of next year.”
