Crypto ETF Weekly Report | US Bitcoin Spot ETF Net Inflows of $763 Million Last Week; US Ethereum Spot ETF Net Inflows of $160 Million

Compiled by: Jerry, ChainCatcher

Last Week’s Cryptocurrency Spot ETF Performance

US Bitcoin Spot ETF Net Inflows $763 Million

Last week, the US Bitcoin spot ETFs experienced a five-day net inflow totaling $763 million, with total assets under management reaching $91.83 billion.

Six ETFs were in net inflow status last week, mainly driven by IBIT, FBTC, and BTC, which saw inflows of $600 million, $147 million, and $15.3 million respectively.

Data Source: Farside Investors

US Ethereum Spot ETF Net Inflows $160 Million

Last week, the US Ethereum spot ETFs had four days of net inflows, totaling $160 million, with total assets reaching $12.26 billion.

The main inflow came from Fidelity’s FETH, with $90.1 million. All seven Ethereum spot ETFs were in net inflow status.

Data Source: Farside Investors

Hong Kong Bitcoin Spot ETF Net Inflows 52.91 Bitcoins

Last week, the Hong Kong Bitcoin spot ETF saw a net inflow of 52.91 Bitcoins, with total assets valued at $280 million. The issuer, Jiashi Bitcoin, holdings decreased to 219.5 Bitcoins, while Huaxia increased to 2,530 Bitcoins.

Hong Kong Ethereum spot ETF had no capital flow, with assets valued at $66.52 million.

Data Source: SoSoValue

Cryptocurrency Spot ETF Options Performance

As of March 13, the US Bitcoin spot ETF options had a total notional trading volume of $1.7 billion, with a long/short ratio of 1.62.

As of March 12, the total notional open interest in US Bitcoin spot ETF options reached $25.26 billion, with a long/short ratio of 1.58.

Market activity for Bitcoin spot ETF options has increased in the short term, with overall sentiment leaning bullish.

Additionally, implied volatility stands at 52.47%.

Data Source: SoSoValue

Last Week’s Cryptocurrency ETF Highlights

BlackRock Considering Launching “Complex Structured” Crypto ETFs with Strict Product Screening

According to Cointelegraph, BlackRock’s Head of Digital Assets Robert Mitchnick stated that although some asset managers are exploring more “complex” crypto ETF structures, BlackRock will not make such products its core strategy, instead maintaining a cautious product approach.

Mitchnick mentioned on CNBC Crypto World that future markets may see more innovative or “heterogeneous” ETF structures, some of which could appeal to investors. However, BlackRock will strictly screen new products, prioritizing market maturity, liquidity, and practical application scenarios.

Meanwhile, BlackRock launched an Ethereum ETF supporting staking yields — the iShares Staked Ethereum Trust (ETHB). Data shows that on its first day, trading volume exceeded $15.5 million, attracting about $43.5 million in inflows. This ETF allows investors to benefit from potential Ether price appreciation while earning additional yields through staking.

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 spot and staking rewards. The asset manager stated that since 2020, Avalanche has processed over 11.4 billion transactions, with the new fund staking AVAX to participate in the network’s proof-of-stake system.

Avalanche is a multi-chain smart contract platform supporting high-throughput applications, a custom blockchain called Avalanche L1, and enterprise-level configurability. Since its launch in 2020, the network has processed over 11.4 billion transactions.

BlackRock’s Staked Ethereum ETF to List on NASDAQ Soon

According to CoinDesk, BlackRock’s staked Ethereum ETF, iShares Staked Ethereum Trust (ETHB), will begin trading on NASDAQ this Thursday. ETHB will hold spot ETH and stake part of its holdings, aiming to combine Ether price exposure with staking rewards, while providing ETF operational advantages.

VanEck Partners with Basic Capital to Include Digital Asset ETFs in Corporate 401(k) Retirement Plans

Asset manager VanEck has partnered with fintech company Basic Capital to include some digital asset ETFs in its corporate 401(k) retirement plan platform, allowing US retirement savers to indirectly invest in cryptocurrencies via ETFs. VanEck’s products include the spot Bitcoin ETF VanEck Bitcoin Trust (HODL) and Ethereum ETF VanEck Ethereum Trust (ETHV).

Previously, the US Department of Labor withdrew restrictions on offering crypto investments in 401(k) plans.

Perspectives and Analysis on Crypto ETFs

Goldman Sachs Largest Holder of XRP Spot ETF, Analysts Say “Super Fans” May Make Up Major Investor Base

Analysts indicate that Goldman Sachs has become one of the largest holders of XRP spot ETFs. There are also many undisclosed investors, referred to as XRP “super fans.”

Bloomberg analyst James Seyffart noted that the XRP ETF investors visible through regulatory filings represent only a small portion, as most investors do not need to submit 13F disclosures. Data shows the top 30 XRP spot ETF holders hold about $211 million in fund shares. Overall, these ETFs have attracted over $1 billion in inflows by the end of 2025. Another Bloomberg analyst, Eric Balchunas, believes these funds likely come mainly from XRP core supporters rather than retail investors.

Bloomberg Analyst: XRP ETF Performs Steadily During Price Drop, Has Raised $1.4 Billion Since Launch

Bloomberg analyst James Seyffart posted on X that despite a significant price correction in XRP, related ETFs have performed well, accumulating about $1.4 billion since launch.

Bloomberg Analyst: Solana ETF Mainly Bought by Market Makers and Institutional Investors, Goldman Sachs Holds Over $100 Million

According to Bloomberg analyst James Seyffart on X, recent disclosures show that top buyers of Solana ETFs are market makers and crypto investment institutions, representing industry “star players.”

The top three Solana ETF holders are: Electric Capital Partners (over $137 million), Goldman Sachs Group (over $107 million), and Elequin Capital (over $87.9 million). Morgan Stanley also holds approximately $15.3 million.