Cryptocurrency ETF Weekly Report | Last week, the net inflow of Bitcoin spot ETFs in the U.S. was $440 million; the net inflow of Ethereum spot ETFs in the U.S. was $1.082 billion

Organizer: Jerry, ChainCatcher
Last week, the US Bitcoin spot ETF saw a net inflow for four consecutive days, totaling $440 million, with a total net asset value reaching $13.995 billion.
Last week, 9 ETFs were in a net inflow state, with inflows mainly from IBIT, ARKB, and BITB, which saw inflows of $247 million, $78.6 million, and $46.2 million, respectively.

Data Source: Farside Investors
Last week, the US Ethereum spot ETF experienced a net inflow for four consecutive days, totaling $1.082 billion, with a total net asset value reaching $2.858 billion.
The inflow last week mainly came from BlackRock’s ETHA, with a net inflow of $968 million. Six Ethereum spot ETFs were in a net inflow state.

Data Source: Farside Investors
Last week, the Hong Kong Bitcoin spot ETF had a net inflow of 55.08 Bitcoins, with a net asset value of $48 million. The issuer, Harvest Bitcoin, saw its holdings decrease to 292.66 Bitcoins, while Huaxia increased to 2390 Bitcoins.
The Hong Kong Ethereum spot ETF had a net inflow of 1395.69 Ethereum, with a net asset value of $12.9 million.

Data Source: SoSoValue
As of August 28, the nominal total trading volume of US Bitcoin spot ETF options was $1.13 billion, with a nominal total long-short ratio of 3.61.
As of August 27, the nominal total open interest of US Bitcoin spot ETF options reached $24.9 billion, with a nominal total open interest long-short ratio of 1.88.
The market’s short-term trading activity for Bitcoin spot ETF options has decreased, with overall sentiment leaning bullish.
Additionally, the implied volatility was 40.86%.

Data Source: SoSoValue
REX Shares Solana Staking ETF Breaks $200 Million AUM for the First Time
According to SolanaFloor, the first Solana staking ETF (SSK) launched by REX Shares has continued to attract capital inflow, with an additional inflow of $11 million, bringing its total assets under management (AUM) to over $200 million for the first time.
21Shares Submits Application to US SEC for SEI Spot ETF
According to official news, 21Shares has submitted an S-1 registration statement for the SEI ETF to the US Securities and Exchange Commission (SEC), indicating in the prospectus that it hopes to explore staking for SEI.
Rex is Applying to Launch an ETF Supporting BNB Staking
According to Bloomberg senior ETF analyst Eric Balchunas, Rex is applying for a BNB staking ETF, based on the Investment Company Act of 1940, similar to the “REX-Osprey SOL Spot ETF (SSK).”
21Shares Renames Its Spot Ethereum ETF Product to 21Shares Ethereum ETF (TETH)
According to Globenewswire, 21Shares US announced that it will rename its spot Ethereum exchange-traded fund product 21Shares Ethereum Core ETF (CETH) to “21Shares Ethereum ETF (TETH),” effective August 28, 2025, without affecting investment objectives, primary investment strategies, or any other operational aspects. Customer holdings will not be affected by the name change.
Market News: Canary Capital Submits Application for Canary American-Made Crypto ETF to US SEC
According to market news, digital asset management company Canary Capital has submitted an application for the Canary American-Made Crypto ETF to the SEC, intending to list it on the Cboe BZX exchange under the ticker MRCA.
The fund will only invest in crypto assets invented, mined, or dominated in the US and is classified as a high-risk speculative product, currently awaiting approval.
Canary has also applied for the Canary Trump Coin ETF and the Canary Staked Injective ETF.
Grayscale Submits S-1 Filings for Polkadot and Cardano ETFs to US SEC
US SEC Delays Decision on Grayscale’s Spot Ethereum ETF Adding Staking Feature
Canary Has Submitted S-1 Application for TRUMP ETF to US SEC
US SEC Delays Decision on Canary Spot PENGU ETF and Grayscale Spot Cardano ETF Applications
Market News: US SEC Confirms Receipt of Canary Staked INJ ETF Application
Grayscale Has Submitted S-1 Application for Avalanche ETF to US SEC
Bitwise CIO: The Combination of ETF Capital Flows, Fund Companies, and Simple Stories Will Drive Cryptocurrency to New Historical Highs
Bitwise Chief Investment Officer Matt Hougan stated on social media, “The formula is simple: ETF capital flows + fund companies + simple stories = historical highs. It applies to Bitcoin, it applies to Ethereum, it applies to Solana.”
CryptoQuant: US ETFs Have Become the Main Source of Bitcoin Spot Trading Volume
CryptoQuant research director Julio Moreno stated that US ETFs have become the main source of Bitcoin spot trading volume. Currently, US spot Bitcoin ETFs typically have daily trading volumes of $5 billion to $10 billion on active days, sometimes exceeding most cryptocurrency exchanges, reflecting the growing institutional demand. However, Binance remains the primary trading venue for BTC and ETH.
Binance continues to lead in spot trading volume, with BTC trading volume peaking at $18 billion and ETH trading volume reaching $8.8 billion to $11.1 billion, surpassing ETFs and all other exchanges. On key trading days such as August 13 and August 22, Binance’s ETH trading volume was 54% and 96% higher than ETF ETH trading volume, respectively. Ethereum trading is concentrated on cryptocurrency exchanges. Since the 2024 US presidential election, ETH spot trading has primarily concentrated on Binance (35%), followed by Crypto.com (20%), with ETFs ranking sixth (4%), indicating limited participation of ETFs in ETH spot trading. This suggests that institutional adoption of Ethereum is slower compared to Bitcoin.
Bloomberg Analyst: There Are Currently 92 US Cryptocurrency ETF Applications Filed
Bloomberg ETF analyst James Seyffart stated on the X platform that there are currently 92 records of cryptocurrency ETP products filed and/or applied for in the US that can be tracked.
Chen Haolian: Will Explore Tokenization Methods for ETFs Listed on the Hong Kong Stock Exchange to Further Attract Investor Participation
According to Zhitong Finance, Chen Haolian, Deputy Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, stated that regarding the types of tokenized products, three years ago, the Hong Kong SAR government actively issued green bonds annually, and in the future, plans to regularize the issuance of such bonds while exploring the application of tokenization in various fields such as renewable energy.
Additionally, the Hong Kong SAR government will take measures to explore tokenization methods for ETFs already listed on the Hong Kong Stock Exchange to further attract investor participation.
KPMG Executive: Japan’s Bitcoin ETF May Launch in Spring 2027
According to CryptoNews, KPMG Japan executive Kenji Hoki stated at the Tokyo WebX2025 summit that Japan’s Bitcoin ETF may launch in the spring of 2027.
Hoki mentioned that Japanese policymakers might propose lifting the domestic Bitcoin ETF ban in the next tax reform, and tax reform proposals are typically submitted at the beginning of each year, meaning that requests for Bitcoin ETFs could be made in early 2026. If approved, the National Assembly might legislate it in March or April 2026, with the relevant laws taking effect in the spring of 2027.
However, Hoki also noted that if the issue is resolved through a government decree amendment rather than a legal amendment, the Bitcoin ETF ban could potentially be lifted as early as next year.
Regulatory Breakthrough and Institutional Entry: A Review of the Ten-Year Journey of Cryptocurrency Penetrating Wall Street
Cryptocurrency ETF Weekly Report | Last week, the net outflow of Bitcoin spot ETFs in the U.S. was $1.178 billion; the net outflow of Ethereum spot ETFs in the U.S. was $241 million
Daily Report | Futu Q2 Financial Report reveals a 43% quarter-on-quarter growth in the scale of crypto business assets; Binance wallet’s exclusive TGE will launch AKEDO (AKE)
Latest "battle situation" of crypto ETFs: 12 institutions have invested $15.8 billion, BlackRock has attracted over 90% of the funds, and several ETFs have fallen behind