整理: Fairy, ChainCatcher
Performance of crypto spot ETFs last week
Last week, possibly benefiting from the market sentiment brought by the US elections, the total holdings of global Bitcoin spot ETFs increased significantly by 15,902 Bitcoins. US ETFs (excluding Grayscale) became the main force in increasing holdings, adding 16,386 Bitcoins, while German ETFs also slightly increased their holdings by 13 Bitcoins. Meanwhile, Grayscale, Canadian, and other countries' Bitcoin spot ETFs were in a state of reduction.
Data from @Phyrex_Ni
US Bitcoin spot ETF net inflow of $1.63 billion
The US Bitcoin spot ETF has shown a trend of inflows for five consecutive weeks, with a net inflow of $1.63 billion last week, bringing the total net asset value to $78.91 billion. As of November 7, the total net inflow for the Bitcoin spot ETF reached $1.376 billion, setting a historical record.
In terms of trading volume, the total trading volume of the Bitcoin spot ETF reached $6.07 billion on November 6, setting a new high since mid-March this year, with BlackRock's IBIT achieving a single-day trading volume of $4.14 billion, hitting an all-time high. Additionally, BlackRock's Bitcoin ETF assets have surpassed its gold ETF, taking only 10 months.
Source: Farside Investors
US Ethereum spot ETF net inflow of $154.7 million
Last week, the US Ethereum spot ETF had a net inflow of $154.7 million, bringing the total net asset value to $8.27 billion. On November 8, there was a net inflow of $85.9 million, setting a record for the third-highest single-day net inflow. The trading volume reached $496 million, the highest level since August 5.
BlackRock's ETHA had the highest net inflow, reaching $94.5 million; Fidelity's FETH followed closely with a net inflow of $42.7 million. Only Grayscale's ETHE and the Ethereum mini trust ETH experienced a net outflow.
Source: Farside Investors
Hong Kong Bitcoin spot ETF net outflow of 9.97 Bitcoins
The Hong Kong Bitcoin spot ETF has been in a net outflow state for five consecutive weeks, with a net outflow of 9.97 Bitcoins last week, and the net asset value reached $32.1 million. On November 6, the Bitcoin spot ETF had a single-day trading volume of $12.57 million, setting a new high since August 5.
The Ethereum spot ETF showed no capital movement, with a total net asset value now at $4.251 million. On November 6, the Ethereum spot ETF achieved a single-day trading volume of $2.84 million, setting a historical record since August 5.
Note: Missing Hong Kong ETF data from November 5, there may be discrepancies.
Data: SoSoValue
Overview of crypto ETF dynamics last week
The US SEC has once again postponed its decision on the listing of spot Ethereum ETF options on the New York Stock Exchange. The SEC stated in the submitted documents that the delay aims to allow for more analysis and public opinion, particularly regarding whether the proposed rule changes comply with the requirements of the Securities Exchange Act.
The SEC emphasized concerns about the potential impact of the proposal on preventing market manipulation, protecting investors, and ensuring a fair trading system, which fall under the provisions of Section 6(b)(5) of the Securities Exchange Act.
The Michigan pension fund in the US has purchased Ethereum ETFs, previously investing in Bitcoin ETFs, but this time the scale of the purchase for Ethereum ETFs is larger, reaching $10 million, compared to $7 million for Bitcoin ETFs.
Opinions and analysis on crypto ETFs
Nansen analysts: Trump's victory may accelerate the listing process for the first staking Ethereum ETF.
Trump's victory in the US presidential election could pave the way for more diverse cryptocurrency financial products.
Nansen analyst Edward Wilson stated that the Trump administration may embrace more innovations in the cryptocurrency industry, including the launch of the first staking Ether ETF. Wilson stated: "Due to the potentially favorable regulatory environment for cryptocurrencies, we might even see the first staking Ether ETF approved early in this new government's term, which would fully leverage the advantages of ETH as an asset. If this happens, then ETH will become an exciting asset worth paying attention to."
The ETF Store President: Allowing staking Ethereum ETFs will definitely go through, and Trump's election will accelerate this process.
The ETF Store President Nate Geraci stated: "Regardless, the staking of ETH ETFs will happen. (If) under Trump's leadership, this will happen faster."
Additionally, Nate Geraci also stated that the rebound in net inflow for Ethereum ETFs is just a matter of time.
