Organizer: Jerry, ChainCatcher
Last Week's Crypto Spot ETF Performance
US Bitcoin Spot ETF Net Inflow of $763 Million
Last week, the US Bitcoin spot ETF had a five-day net inflow of $763 million, with a total net asset value of $91.83 billion.
Last week, six ETFs were in a net inflow state, with inflows primarily coming from IBIT, FBTC, and BTC with inflows of $600 million, $147 million, and $15.3 million respectively.
Data Source: Farside Investors
US Ethereum Spot ETF Net Inflow of $160 Million
Last week, the US Ethereum spot ETF had a four-day net inflow of $160 million, with a total net asset value of $12.26 billion.
Last week, inflows mainly came from Fidelity's FETH, with a net inflow of $90.1 million. Seven Ethereum spot ETFs were in a net inflow state.
Data Source: Farside Investors
Hong Kong Bitcoin Spot ETF Net Inflow of 52.91 Bitcoins
Last week, the Hong Kong Bitcoin spot ETF had a net inflow of 52.91 Bitcoins, with a net asset value of $28 million. Among them, the issuer's Jiasheng Bitcoin holdings decreased to 219.5 Bitcoins, while Huaxia increased to 2530 Bitcoins.
The Hong Kong Ethereum spot ETF had no capital flows, with a net asset value of $6.652 million.
Data Source: SoSoValue
Crypto Spot ETF Options Performance
As of March 13, the nominal total transaction volume of US Bitcoin spot ETF options was $1.7 billion, with a nominal total transaction long-short ratio of 1.62.
As of March 12, the nominal total open interest of US Bitcoin spot ETF options reached $25.26 billion, with a nominal total open interest long-short ratio of 1.58.
The market's short-term trading activity for Bitcoin spot ETF options has increased, with overall sentiment leaning towards bullish.
Additionally, the implied volatility is 52.47%.
Data Source: SoSoValue
Overview of Crypto ETF Dynamics Last Week
According to Cointelegraph, Robert Mitchnick, head of digital assets at BlackRock, stated that despite some asset management institutions in the market attempting to explore more "complex" crypto ETF structures, BlackRock will not prioritize such products as part of its core strategy but will continue to take a relatively cautious approach to product layout.
Mitchnick pointed out in a CNBC Crypto World program that more innovative or "heterogeneous" ETF structures may emerge in future markets, some of which may be welcomed by investors, but BlackRock will maintain strict screening when expanding its product line, prioritizing market maturity, liquidity scale, and practical application scenarios.
Meanwhile, BlackRock launched an Ethereum ETF with staking yield support — iShares Staked Ethereum Trust (ETHB) — on Thursday. Data shows that the product's trading volume exceeded $15.5 million on its first day of trading, attracting about $43.5 million in capital inflows. This ETF allows investors to earn additional income through staking mechanisms while capturing potential price increases of Ether.
Grayscale Launches Avalanche Staking ETF on NASDAQ
According to The Block, Grayscale's Avalanche Staking ETF began trading on NASDAQ on Wednesday, offering exposure to AVAX and staking rewards. The asset management company stated that since 2020, Avalanche has processed over 11.4 billion transactions, and the new fund stakes AVAX to participate in the network's proof-of-stake system.
Avalanche itself is a multi-chain smart contract platform that supports high-throughput applications, a customizable blockchain known as Avalanche L1, and enterprise-level configurability. According to on-chain data, since its launch in 2020, this network has processed over 11.4 billion transactions.
BlackRock's Staked Ethereum ETF Set to Launch on NASDAQ
According to CoinDesk, BlackRock's Staked Ethereum Exchange-Traded Fund iShares Staked Ethereum Trust ETF (ETHB) is set to launch on NASDAQ this Thursday, with ETHB holding spot ETH and staking a portion of its holdings to combine exposure to Ether prices with staking rewards while providing the operational advantages of an ETF.
Asset management company VanEck has partnered with fintech company Basic Capital to incorporate select digital asset ETFs into its corporate 401(k) retirement plan platform, allowing US retirement savers to indirectly invest in crypto assets through exchange-traded funds. VanEck's products include spot Bitcoin ETF VanEck Bitcoin Trust (HODL) and Ethereum ETF VanEck Ethereum Trust (ETHV).
Previously, the US Department of Labor had withdrawn its restrictive guidance on providing crypto investments in 401(k) plans.
Opinions and Analysis on Crypto ETFs
Analyst data indicates that Goldman Sachs has become one of the largest holders of the XRP spot ETF. Meanwhile, there exists a large group of unidentified investors in the market, referred to by analysts as "superfans" of XRP.
Bloomberg analyst James Seyffart stated that the XRP ETF investors visible through regulatory filings represent only a small fraction, as the vast majority of investors are not required to submit 13F disclosure documents. Data shows that the top 30 XRP spot ETF holders together hold approximately $211 million in fund shares. Overall, these ETF products have accumulated over $1 billion in inflows before the end of 2025. Another Bloomberg analyst Eric Balchunas believes that this capital likely comes mainly from XRP's core supporters, not ordinary retail investors.
Bloomberg analyst James Seyffart stated on platform X that despite a significant correction in XRP's price, the related ETF has performed steadily, accumulating around $1.4 billion in funds since its launch.
Bloomberg analyst James Seyffart stated on platform X that based on the latest disclosed data, the leading investors in purchasing the Solana ETF are primarily various market makers and crypto investment institutions, forming an "all-star lineup" in the industry.
According to disclosed data, the current top three holders of Solana ETF exposure are: Electric Capital Partners (over $137 million), Goldman Sachs Group (over $107 million), and Elequin Capital (over $87.9 million). Additionally, Morgan Stanley currently holds approximately $15.308 million.
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