Last Week's Crypto Spot ETF Performance
US Bitcoin Spot ETFs Record $2.214 Billion Net Inflows
Last week, US Bitcoin spot ETFs saw five consecutive days of net inflows, totaling $2.214 billion**, bringing their total net asset value (NAV) to **$133.17 billion.
Key contributors:
- iShares Bitcoin Trust (IBIT): $1.31 billion
- Fidelity Wise Origin Bitcoin Fund (FBTC): $504 million
- ARK 21Shares Bitcoin ETF (ARKB): $268 million
Source: Farside Investors
US Ethereum Spot ETFs Net $283 Million Inflows
Ethereum spot ETFs attracted $283 million** in net inflows across four trading days, with NAV reaching **$9.88 billion.
Top performer:
- BlackRock’s ETHA: $233 million (82% of total inflows)
Three ETH ETFs saw zero activity.
Source: Farside Investors
Hong Kong Spot ETFs Show Minimal Outflows
Bitcoin ETFs: Net outflow of 0.001 BTC; NAV at $447 million.
- Harvest Bitcoin ETF holdings dropped to 301.44 BTC, while Huaxia’s remained steady at 2,230 BTC.
- Ethereum ETFs: No inflows; NAV at $53.29 million.
Source: SoSoValue
Crypto ETF Options Market Activity
As of June 27:
- Bitcoin ETF options volume: $1.04 billion (nominal).
- Put/call ratio: 4.21 (bullish sentiment).
- Open interest: $16.36 billion (put/call ratio: 2.07).
- Implied volatility: 42.74%.
Source: SoSoValue
Key Crypto ETF Developments
1. KraneShares Files for Coinbase 50 Index ETF
The NY-based firm seeks SEC approval for an ETF tracking Coinbase’s top 50 digital assets (BTC: 50%, ETH: 21%, XRP: 9%).
2. Calamos to Launch Bitcoin Principal-Protected ETFs (July 8)
Three tiers offering 80–100% downside protection with capped upside (9–48%).
3. Caizon Hong Kong Approved for Virtual Asset ETF Brokerage
The subsidiary of China’s Caizon Securities now facilitates client trading in crypto ETFs.
4. South Korea Proposes Digital Asset ETF Legislation
A bill aims to allow Bitcoin as a base asset for ETFs, aligning with presidential campaign pledges.
5. Bitwise Amends DOGE & Aptos ETF Filings
Revised S-1 forms submitted to the SEC.
6. NYSE Files for Truth Social BTC/ETH ETF
Trump Media-linked ETF proposes 75% BTC, 25% ETH holdings.
7. Grayscale’s Solana ETF Fee Set at 2.5%
Disclosed in updated S-1 filing.
8. REX Shares Teases Solana Staking ETF
First US-based staking crypto ETF, pending SEC clearance.
Expert Insights & Analysis
Nate Geraci on XRP ETF Prospects
“Ripple’s settlement with the SEC clears the path for an XRP spot ETF—and BlackRock’s entry.”
SEC’s Hester Peirce on In-Kind Redemptions
“Physical creations/redemptions for crypto ETFs are likely imminent as demand grows.”
FAQ Section
Q: Why are Bitcoin ETFs seeing massive inflows?
A: Institutional demand and spot market arbitrage opportunities drive capital into regulated ETFs.
Q: How does principal protection in Bitcoin ETFs work?
A: Structured products use derivatives to limit losses while capping gains (e.g., 100% protection = ~9% max return).
Q: Will Ethereum ETFs overtake Bitcoin ETFs?
A: Unlikely soon—BTC’s market dominance and institutional preference keep it ahead.
Data updated as of June 30, 2024.
Disclaimer: This report is for informational purposes only and does not constitute financial advice. Always conduct independent research.