Compiled by: Jerry, ChainCatcher
Performance of crypto spot ETFs last week
U.S. Bitcoin spot ETF net outflow of $1.178 billion
Last week, the U.S. Bitcoin spot ETF experienced five consecutive days of net outflows, with a total net outflow of $1.178 billion and a total net asset value of $150.23 billion.
Last week, 7 ETFs were in a state of net outflow, primarily from IBIT, FBTC, and ARKB, with outflows of $615 million, $235 million, and $182 million, respectively.
Data source: Farside Investors
U.S. Ethereum spot ETF net outflow of $241 million
Last week, the U.S. Ethereum spot ETF experienced three consecutive days of net outflows, with a total net outflow of $241 million and a total net asset value of $26.55 billion.
Last week, the outflow was primarily from Grayscale ETHE, with a net outflow of $88.9 million. 7 Ethereum spot ETFs were in a state of net outflow.
Data source: Farside Investors
Hong Kong Bitcoin spot ETF net inflow of 9.89 Bitcoins
Last week, the Hong Kong Bitcoin spot ETF had a net inflow of 9.89 Bitcoins, with a net asset value of $486 million. The holdings of the issuer, China Asset Management Bitcoin, decreased to 292.76 Bitcoins, while Huaxia maintained 2,330 Bitcoins.
Hong Kong Ethereum spot ETF net inflow of 1,265.34 Ethereum, with a net asset value of $12.1 million.
Data source: SoSoValue
Performance of crypto spot ETF options
As of August 22, the nominal total trading volume of U.S. Bitcoin spot ETF options was $2.17 billion, with a nominal total trading long-short ratio of 2.97.
As of August 21, the nominal total position of U.S. Bitcoin spot ETF options reached $23.19 billion, with a long-short ratio of 1.90.
In the short term, trading activity for Bitcoin spot ETF options has increased, with overall sentiment leaning bullish.
Additionally, the implied volatility is 39.90%.
Data source: SoSoValue
Overview of last week's crypto ETF dynamics
Multiple issuers, including Grayscale, have submitted revised XRP spot ETF applications to include support for XRP creation and redemption.
Asset management companies Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree all submitted updated statements regarding their proposed spot XRP ETF on Friday, indicating the financial companies' eagerness to obtain listing approval from the U.S. Securities and Exchange Commission.
Bloomberg ETF analyst James Seyffart stated that the emergence of these applications is almost certainly due to feedback from the SEC. This is a good sign, but also basically expected.
The updated documents seem to change the structure of some funds, allowing for the creation of XRP or cash and cash or physical redemption, rather than just cash creation and redemption.
Jito has submitted the S-1 document for the VanEck JitoSOL ETF.
According to official news, Jito announced that it has submitted the S-1 document for the VanEck JitoSOL ETF. This application is the result of months of collaboration with regulatory agencies such as the U.S. Securities and Exchange Commission and ongoing business development and educational efforts by several ecosystem contributors.
MicroBit's Hong Kong Bitcoin and Ethereum spot ETFs are officially listed on the Hong Kong Stock Exchange, with management fees of 0.5%.
According to Yahoo Finance, the Hong Kong investment management company MicroBit has officially listed two virtual asset spot exchange-traded funds (ETFs) on the Hong Kong Stock Exchange, namely MicroBit Bitcoin Spot ETF (HKD counter stock code: 3430.HK, USD counter stock code: 9430.HK) and MicroBit Ethereum Spot ETF (HKD counter stock code: 3425.HK, USD counter stock code: 9425.HK). Both ETFs reportedly have management fees of 0.5%.
U.S. SEC delays decision on multiple crypto ETF applications
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the approval of Bitcoin and Ethereum ETFs applied for by the social media platform Truth Social, owned by Trump Media & Technology Group.
According to documents submitted on Monday, the SEC has extended the approval deadline for the Truth Social ETF to October 8, which is part of the agency's routine process for evaluating dozens of cryptocurrency ETF proposals.
Other approvals that were also delayed include CoinShares Litecoin ETF, CoinShares XRP ETF, and 21Shares XRP ETF, with decision deadlines extended to late October. The SEC stated in the document: 'The Commission believes it is necessary to extend the review period to fully assess the proposal's content and related issues.'
21 SHARES XRP ETF has been registered in Delaware.
Opinions and analysis on crypto ETFs
The ETF Store president: SEC should not continue to delay the approval of the staking feature for the spot Ethereum ETF.
Nate Geraci, president of The ETF Store, stated that the U.S. SEC should not continue to delay the approval of the staking feature for the spot Ethereum ETF.
He believes that even if the IRS has not yet issued specific tax guidance on staking rewards, it does not constitute a reason for SEC obstruction, as the two belong to different regulatory agencies. He pointed out that this feature should have been approved when the spot Ethereum ETF launched.
