Compiled by: Fairy, ChainCatcher
Last week's cryptocurrency spot ETF performance
US Bitcoin spot ETF net inflow of $256 million
Last week, US Bitcoin spot ETF saw net inflows of $256 million, total assets under management reached $111.46 billion, and average daily trading volume was $2.8 billion. On January 3, net inflows reached $908 million, marking the highest record since November 21.
Inflows mainly came from Fidelity FBTC and ARK Invest's ARKB, with net inflows of $275 million and $200 million respectively. Three ETFs are in net outflow status, with BlackRock's IBIT experiencing a net outflow of $139 million and Grayscale's GBTC a net outflow of $167 million. Additionally, there are 4 ETFs with no fund flow.
On January 2, BlackRock's Bitcoin spot ETF saw a net outflow of 3,412 Bitcoin, valued at approximately $330 million, marking the highest net outflow record since the ETF's inception.
Source: Farside Investors
US Ethereum spot ETF net outflow of $38.1 million
US Ethereum spot ETF shifts from net inflow to net outflow, with a net outflow of $38.1 million last week, total assets under management reached $13.03 billion, and the average daily trading volume was $368 million.
Outflows mainly came from Bitwise ETHW and Grayscale ETHE, with outflows of $56.1 million and $51.6 million respectively.
Note: The US 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 Bitcoin
Last week, the liquidity of Hong Kong's crypto ETF was low, with only one day of fund flow. The Hong Kong Bitcoin spot ETF shifted from net outflow to net inflow, with a net inflow of 4.98 Bitcoin, and total assets under management reached $413 million.
Hong Kong Ethereum spot ETF had no fund flow, with total assets under management reaching $6.491 million.
Note: The Hong Kong stock market was closed on January 1, so there is no data for that day.
Data: SoSoValue
Performance of cryptocurrency spot ETF options
As of January 3, the nominal total trading volume of US Bitcoin spot ETF options was $576 million, with a nominal total long-short ratio of 1.88. As of January 2, the nominal total open interest in US Bitcoin spot ETF options reached $9.21 billion, with a nominal total open interest long-short ratio of 1.77, indicating bullish market sentiment.
Additionally, the implied volatility is 61.06%.
Data: SoSoValue
Overview of last week's cryptocurrency ETF dynamics
Crypto.com expands in the US, launching zero-commission stock and ETF trading
Crypto.com has expanded its range of products in the US, launching stocks and exchange-traded funds (ETFs) trading on its platform.
According to a statement on January 3, the company indicated that its users can now manage stocks and ETFs as well as 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, and will soon be available nationwide.
BlackRock's IBIT ranks third in the 2024 ETF leaderboard
In the 2024 top 20 ETF leaderboard, VOO closed at $116 billion, surpassing the old 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 (achieved in less than a year).
Views and analysis on cryptocurrency ETFs
The ETF Store president: We will see an application for a 'BTC-valued reverse market cap weighted S&P 500 ETF' in the next two months.
The ETF Store president Nate Geraci posted his prediction on the X platform, stating that we will see an application in the next two months for a 'BTC-valued reverse market cap weighted S&P 500 ETF.'
VanEck research director: The US is 'very likely' to approve SOL ETF in 2025
Cryptocurrency prediction platform Polymarket previously stated that the likelihood of a US Solana ETF listing in 2025 is about 77%.
VanEck research director Matthew Sigel stated that this prediction is underestimated. In June 2024, VanEck and competitor asset management firm 21Shares sought permission from US regulators to list a spot Solana ETF. Shortly after Trump's victory in the US presidential election last November, Matthew Sigel stated that the likelihood of the US approving the SOL ETF in 2025 is 'very high.'
The ETF Store president released the top five predictions for cryptocurrency 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):
Spot BTC and ETH joint ETF launch (obvious)
Spot ETH ETF options trading
Spot BTC and ETH ETF physical creation/redemption
Spot ETH ETF staking
Spot SOL ETF approved
In fact, these things will happen.
Steno Research: It is expected that Bitcoin and Ethereum ETFs will see net inflows of $48 billion and $28.5 billion this year.
Steno Research recently released a report stating that its bullish forecast for BTC and ETH prices reflects an 'unprecedented favorable regulatory environment for cryptocurrencies, a supportive macroeconomic environment characterized by declining interest rates and improving liquidity, and historically strong performance after Bitcoin halving.'
It also stated, 'Moreover, institutional adoption is expected to reach unprecedented levels, with significant funds flowing into US 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.
Additionally, the report states that by 2025, DApp TVL is expected to exceed $300 billion, far surpassing the 2021 peak of approximately $180 billion.
