Compiled by: Jerry, ChainCatcher
Crypto Spot ETF Performance Last Week
US Bitcoin Spot ETF Net Inflow of $548 Million
Last week, the US Bitcoin spot ETF had a three-day net inflow, with a total net inflow of $548 million, and a total net asset value of $15.198 billion.
Last week, 3 ETFs were in net inflow, with inflows mainly from IBIT, BTC, and BTCO, at $887 million, $32.9 million, and $4.9 million respectively.
Data source: Farside Investors
US Ethereum Spot ETF Net Inflow of $2.852 Billion
Last week, the US Ethereum spot ETF had a consecutive four-day net inflow, with a total net inflow of $2.852 billion, and a total net asset value of $28.15 billion.
Last week's inflow was mainly from BlackRock ETHA, with a net inflow of $2.317 billion. 7 Ethereum spot ETFs were in net inflow.
Data source: Farside Investors
Hong Kong Bitcoin Spot ETF Net Inflow of 31.49 Bitcoins
Last week, the Hong Kong Bitcoin spot ETF had a net inflow of 31.49 Bitcoins, with a net asset value of $512 million. Among them, the issuer Jiashi Bitcoin's holdings decreased to 292.83 Bitcoins, while China Asset Management increased to 2,330 Bitcoins.
The Hong Kong Ethereum spot ETF had a net inflow of 2,595.57 Ethereum, with a net asset value of $124 million.
Data source: SoSoValue
Crypto Spot ETF Options Performance
As of August 15, the nominal total trading volume of US Bitcoin spot ETF options was $1.32 billion, with a nominal total long-short ratio of 4.28.
As of August 14, the nominal total open interest of US Bitcoin spot ETF options reached $29.87 billion, with a nominal total long-short ratio of 1.77.
The market's short-term trading activity for Bitcoin spot ETF options has increased, with an overall bullish sentiment.
Additionally, the implied volatility is 41.72%.
Data source: SoSoValue
Overview of Crypto ETF Dynamics Last Week
Grayscale Applies for Dogecoin ETF, Planned to List with "GDOG" Code
According to The Block, Grayscale submitted an application to the US Securities and Exchange Commission (SEC) on August 15, planning to convert its Dogecoin trust fund into an ETF. According to the application documents, the ETF will be listed on the NYSE Arca platform with the trading code "GDOG".
Currently, multiple institutions including Rex-Osprey and Bitwise have also submitted similar applications.
Hedge Fund Brevan Howard Discloses Holding Over $2.32 Billion of BlackRock Bitcoin Spot ETF
According to CoinDesk, hedge fund Brevan Howard disclosed holding a BlackRock Bitcoin spot ETF valued at over $2.32 billion.
Li Lin's Family Office Avenir Group Holds About $1.01 Billion of BlackRock Bitcoin ETF
According to the 13F filing submitted by Hong Kong-based Li Lin's family office Avenir Group, it currently holds a BlackRock Bitcoin ETF valued at $1.01 billion, approximately 16.55 million shares. This is an increase from the 14.7 million shares reported in May.
US SEC Postpones Decision on Bitwise and 21Shares Solana ETF Proposal to October 16
According to The Block, the US Securities and Exchange Commission (SEC) has postponed its decision on approving the Solana Exchange Traded Fund (ETF) proposal. In the submitted documents, the SEC stated that the next deadline for the Bitwise Solana ETF and 21Shares Core Solana ETF is October 16. Both documents state: "The Commission believes that designating a longer period to issue an order approving or disapproving the proposed rule change is appropriate to allow the Commission sufficient time to consider the proposed rule change and the issues raised therein."
The Solana ETF proposal is making progress as various companies modified their filing documents last month to obtain SEC approval. Companies including Proshares, Grayscale, Canary, and 21Shares are waiting for SEC approval.
Citigroup Considers Offering Stablecoin Custody and Payment Services, Exploring Crypto ETF Support
According to Reuters, Citigroup is exploring offering stablecoin custody and other services. After Congress passed a law paving the way for crypto tokens to be widely used for payments, settlement, and other services, Citigroup has become one of the few traditional institutions considering entering the stablecoin space.
Biswarup Chatterjee, Head of Global Partnerships and Innovation at Citigroup Services, stated that providing custody services for high-quality assets supporting stablecoins is Citigroup's preferred consideration.
Additionally, Citigroup is exploring digital asset custody services to support crypto-related investment products and using stablecoins to speed up payments, allowing clients to send stablecoins between accounts or convert them to US dollars for instant payments.
HKEX to List Two New Spot Virtual Asset ETFs on August 21
According to East Net, based on HKEX documents, MicroBit's MicroBit Bitcoin Spot ETF and MicroBit Ethereum Spot ETF will be listed on the HKEX next Thursday (August 21), with management fees of 0.5% of net asset value annually, which is among the lowest for existing virtual currency spot ETFs.
BOCI Prudential Trustee will serve as the trustee and administrator, HashKey Exchange as the virtual asset trading platform, Hash Blockchain Limited as the virtual asset sub-custodian, and participating securities firms include China Merchants Securities (Hong Kong), AETOS Securities & Futures, Future Asset Securities (Hong Kong), Huaying Oriental (Asia), Huasheng Capital Securities, and Victory Securities.
US SEC Confirms Acceptance of Invesco Galaxy Spot Solana ETF Application
According to official documents, the US Securities and Exchange Commission (SEC) has confirmed acceptance of the Invesco Galaxy spot Solana ETF application.
Grayscale Registers Cardano and Hedera Trust ETFs in Delaware
According to official documents, GRAYSCALE CARDANO TRUST ETF and GRAYSCALE HEDERA TRUST ETF were both registered in Delaware, USA on August 12, 2025, as general statutory trusts, with CSC Delaware Trust Company in Wilmington, Delaware, serving as the registered agent.
Kazakhstan Launches First Spot Bitcoin ETF in Central Asia
According to CoinDesk, Kazakhstan's asset management company Fonte Capital launched the first spot Bitcoin Exchange Traded Fund (ETF) in Central Asia on the Astana International Exchange (AIX) on August 13. The fund trades under the code BETF and is denominated in US dollars.
Each fund share is backed by physical Bitcoin, with custody services provided by the US-licensed custodian BitGo, offering insurance coverage of up to $250 million. BitGo uses offline cold storage and secure vault measures to ensure asset safety.
Bloomberg Analyst: Roundhill Has Submitted MEME ETF Application
Bloomberg Senior ETF Analyst Eric Balchunas posted on X platform that investment firm Roundhill has submitted an application for a Meme Stock ETF called "Roundhill Meme Stock ETF" to regulators, but no further details were disclosed.
Roundhill had previously submitted an application to the US SEC for an Ethereum Covered Call Strategy ETF (Roundhill Ether Covered Call Strategy ETF, with the code YETH).
Trump Media Tech Group: Bitcoin ETF Will Be Launched Later This Year
According to Jinshi, Trump Media Tech Group (DJT.O) announced that a Bitcoin ETF will be launched later this year.
Trump Media Tech Group Submits Amended Registration Statement for Bitcoin ETF
According to Jinshi, Trump Media Tech Group (DJT.O) submitted an amended registration statement for a Bitcoin ETF.
Trump Media Tech Group (DJT.O) stated that the Bitcoin ETF will directly hold Bitcoin and provide shares to investors, aiming to reflect Bitcoin's price performance.
Market News: CANARY TRUMP COIN ETF Registered in Delaware
CBOE Submits Application File for Canary's Staked INJ ETF
Views and Analysis on Crypto ETFs
The ETF Store President Nate Geraci tweeted, "Putting aside the noise, if you truly believe in Bitcoin or Ethereum, just buy directly or buy a spot ETF. You don't need financial engineering like 'treasury companies'."
Bloomberg ETF Analyst Eric Balchunas posted on social media that this week, spot Bitcoin and Ethereum ETF trading volume was about $40 billion, reaching a historic high, thanks to the strong rise of Ethereum ETF. The trading volume is massive, equivalent to the total of the top five ETFs or top ten stocks.
Among them, the weekly trading volume of Ethereum ETF was about $17 billion, reaching a historic high. "It's like it was asleep for 11 months and then compressed a year's trading volume into 6 weeks."
The ETF Store President: Spot ETF Is Not a "Bag Holder", BTC and ETH Achieve Significant Gains
The ETF Store President Nate Geraci stated that some have called crypto spot ETFs "liquidity bag holders", but data shows this is not the case. When the Bitcoin spot ETF was launched in January 2024, the price was $47,000, and now it has risen to $123,000; the Ethereum spot ETF was launched in July 2024 at $3,500 and has now risen to $4,700.
Cathie Wood: ETF Success Lies in Actively Responding to Market's Demand for Transparency
According to CoinDesk, ARK Invest CEO Cathie Wood stated that the success of ETFs, and ARK's outstanding performance, stems from meeting the market's demand for transparency.
