Last week, I observed significant activity in U.S. Bitcoin and Ethereum ETFs.

There was a net inflow of $568 million into the BTC spot ETF, bringing total assets to $87.07 billion.
IBIT leads the way, with $660 million coming in.
Looking at ETH, there was an inflow of $235 million, but it’s not as strong as BTC.

News from Hong Kong is less encouraging — no inflow occurred into their Bitcoin ETF.
Harvest Bitcoin’s holdings decreased to 219.59 BTC.
On the ETH side, 497.74 ETH were withdrawn.

What’s interesting is that Nasdaq has lifted all restrictions on Bitcoin ETFs.
This means institutional investors now have unlimited access.
Additionally, 21Shares has launched the U.S.’s first Polkadot spot ETF — trading on Nasdaq under the ticker TDOT.
The fee is 0.3%, and the initial seed capital is $11 million.

Morgan Stanley is also preparing to launch its own Bitcoin Trust.
They are selecting a large institution for custody and will use offline cold storage.
Meanwhile, the Solana ETF has attracted $15 billion in inflows over 7 months, despite SOL’s price dropping 57%.
Approximately 50% of the inflows come from institutional investors, which is a positive sign.

There is also activity in Bitcoin options — total notional value of $25.04 billion, long-short ratio of 1.54.
The market currently has a positive sentiment, but the large withdrawals from a few months ago still have an impact.
Bitcoin is down 50% from its all-time high, and Ethereum’s decline is even more pronounced.