Organizer: Jerry, ChainCatcher
Last Week’s Crypto Spot ETF Efficiency
U.S. Bitcoin Spot ETF Net Outflow of $707 Million
Last week, the U.S. Bitcoin spot ETF skilled a net outflow for 5 consecutive days, totaling $707 million, with a complete net asset worth of $93.36 billion.
9 ETFs had been in a net outflow state final week, with the outflows primarily coming from IBIT, GBTC, and FBTC, which noticed outflows of $342 million, $160 million, and $74.6 million, respectively.
Knowledge Supply: Farside Buyers
U.S. Ethereum Spot ETF Net Outflow of $82.5 Million
Last week, the U.S. Ethereum spot ETF noticed a net outflow over 4 days, totaling $82.5 million, with a complete net asset worth of $5.24 billion.
The outflow primarily got here from Constancy’s FETH, which had a net outflow of $45 million. A complete of 4 Ethereum spot ETFs had no fund motion.
Knowledge Supply: Farside Buyers
Hong Kong Bitcoin Spot ETF Net Outflow of 149.09 Bitcoins
Last week, the Hong Kong Bitcoin spot ETF had a net outflow of 149.09 Bitcoins, with a net asset worth of $33.2 million. The holdings of the issuer, Harvest Bitcoin, decreased to 302.69 Bitcoins, whereas Huaxia’s holdings fell to 2160 Bitcoins.
The Hong Kong Ethereum spot ETF noticed a net influx of 98.67 Bitcoins, with a net asset worth of $3.102 million.
Knowledge Supply: SoSoValue
Crypto Spot ETF Options Efficiency
As of April 11, the nominal complete trading quantity of U.S. Bitcoin spot ETF options was $1.83 billion, with a nominal complete long-short ratio of 3.69.
As of April 10, the nominal complete open curiosity of U.S. Bitcoin spot ETF options reached $10.8 billion, with a nominal complete long-short ratio of 1.83.
The market’s short-term trading exercise for Bitcoin spot ETF options has elevated, with general sentiment leaning bullish.
Moreover, the implied volatility stands at 56.64%.
Knowledge Supply: SoSoValue
Overview of Last Week’s Crypto ETF Developments
Based on Bloomberg, various asset administration agency Teucrium Funding Advisors LLC has formally launched a leveraged ETF linked to the cryptocurrency XRP, marking the first product in the U.S. market to supply such publicity. XRP is the fourth largest cryptocurrency by market capitalization, valued at roughly $111 billion, and is a core asset in the latest investigation by U.S. regulators into Ripple Labs Inc.
Based on Teucrium’s official web site, the product named “Teucrium 2x Lengthy Day by day XRP ETF” will obtain double leveraged returns on day by day XRP efficiency by means of swap contracts and can formally checklist on the trading platform on Tuesday, with the trading code XXRP and an annual price fee of 1.85%.
Teucrium was based in 2010 and at present manages belongings totaling $311 million, with 12 ETFs overlaying numerous various markets.
CBOE Submits 19b-4 Application to SEC for Canary SUI ETF
Based on SEC utility paperwork, Cboe BZX, a subsidiary of the Chicago Board Options Trade, is submitting a proposed rule change (19b-4 utility) to the U.S. Securities and Trade Fee to checklist and commerce shares of the Canary SUI ETF.
Anchorage Digital to Provide Digital Asset Custody Services for BlackRock’s Crypto ETF
Based on official information from Anchorage Digital, as the solely federally chartered digital asset financial institution in the U.S., it can deepen its partnership with BlackRock by offering digital asset custody providers to satisfy the rising demand for digital belongings from retail and institutional shoppers.
SEC Officially Accepts Fidelity Solana ETF Listing Application and Publicizes It
The U.S. Securities and Trade Fee (SEC) introduced on April 9, 2025, that it has formally accepted the itemizing utility for the Constancy Solana Fund submitted by Cboe BZX. The fund might be listed as Commodity-Based mostly Belief Shares, with Solana (SOL) cryptocurrency as the underlying asset.
The Hong Kong Securities and Futures Fee (SFC) formally introduced on April 7 that it has issued regulatory tips to licensed digital asset trading platforms relating to the provision of staking providers, in addition to tips for digital asset funds acknowledged by the SFC that put money into digital belongings to take part in staking actions. The digital asset trade HashKey Trade acquired approval from the Hong Kong SFC on April 10 to develop into one of the first exchanges in Hong Kong licensed to offer staking providers.
The SFC acknowledged in the announcement, “The SFC acknowledges the potential advantages of staking in enhancing the safety of blockchain networks and permitting traders to earn returns from digital belongings in a regulated market atmosphere.”
In February of this 12 months, the SFC launched the “Digital Asset Improvement Roadmap” (“A-S-P-I-Re” framework) and proposed to contemplate increasing the vary of digital asset merchandise beneath a regulatory framework, together with offering staking, leverage, and lending providers beneath clear tips.
HashKey Trade’s Managing Director Terence Pu acknowledged, “HashKey Trade has constructed a regulatory-compliant staking service system, main the manner in offering ETH staking providers for spot ETFs, and is actively selling staking providers for all shoppers.
This service depends on HashKey Cloud’s glorious node operation capabilities to offer customers with safe and compliant staking providers. In the close to future, traders won’t solely have the ability to maintain Ethereum ETFs for staking returns but additionally straight maintain ETH and earn extra returns by means of our staking providers.”
Grayscale and Osprey Reach Settlement in Bitcoin ETF Lawsuit
Digital asset administration agency Grayscale and Osprey have reached a settlement relating to the authorized dispute over advertising practices associated to the Bitcoin Belief ETF.
Court docket paperwork point out that each events should full the group and execution of the settlement settlement inside the subsequent 45 days. The case originated from Osprey’s lawsuit towards Grayscale in early 2023 for “deceptive promoting” throughout the promotion of GBTC’s conversion to an ETF, after which Grayscale acquired SEC approval to transform to an ETF in 2024. Beforehand, the court docket dominated in favor of Grayscale in February 2025, stating that the Connecticut Unfair Commerce Practices Act cited by Osprey doesn’t apply to securities circumstances. Settlement particulars haven’t been disclosed, and neither occasion has made a formal response.
VanEck Submits Application to SEC for Avalanche ETF Listing on Nasdaq
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