ENCRYPTED ETF WEEKLY REPORT | US DOLLAR SPOT ETF NET IN US$787 MILLION LAST WEEK; US ETF NET IN US$8.20 MILLION
Collapse: Jerry, ChainCatcher
ENCRYPTED CASH ETF PERFORMANCE LAST WEEK
UNITED STATES SPOT IN BITCOIN ETF NET INFLOWS US$ 787 MILLION
LAST WEEK, UNITED STATES SPOT IN BITCOIN, ETF NET IN THREE DAYS, TOTAL NET INFLOW 787 MILLIONUnited States dollarsTotal net assets amounted to $83.4 billion。
LAST WEEK, ONLY ETF WAS IN NET INFLOWS, MAINLY FROM IBIT, GTTC AND BITB, WITH INFLOWS OF $503 MILLION, $89.4 MILLION AND $68.3 MILLION, RESPECTIVELY。
Source: Farside Investors
ETF NET INFLOW US $ 80.2 MILLION
LAST WEEK, THE U.S. ETHERPORT CAME IN THREE DAYS NET, TOTALLING 8.2 MILLION NETIn United States dollars, total net assets amounted to $10.96 billion。
LAST WEEK, INFLOWS CAME MAINLY FROM GREYSCALE ETHE, WITH A NET INFLOW OF $40.5 MILLION. 6 ETF IS IN NET INFLOW ONLY IN THE TAIFENG。
Source: Farside Investors
HONG KONG SPOT OF BITCOIN ETF NET INFLOWS 12.73 BITCOINS
LAST WEEK, HONG KONG'S SPOT ETF NET INFLOWS OF 12.73 BITCOINS REACHED $262 MILLION IN NET ASSETS. OF THESE, THE ISSUER'S HOLDINGS OF PETITCO DECREASED TO 219.69, AND IN HUASHA TO 2510。
IN HONG KONG, THERE IS A NET FLOW OF 908.78 ITEMS FROM THE ETF, WITH A NET ASSET OF $6,543 MILLION。
Source: SoSoValue
ENCRYPT CURRENT ETF OPTIONS
AS AT 27 FEBRUARY, THE TOTAL NOMINAL VALUE OF THE REAL ETF OPTION IN BITCOIN IN THE UNITED STATES WAS $1.04 BILLION AND THE TOTAL NOMINAL MARGIN WAS 1.44 MILLION。
AS AT 26 FEBRUARY, THE UNITED STATES OF AMERICA ' S SPOT ETF OPTIONS AMOUNTED TO $22.35 BILLION IN NOMINAL HOLDINGS, WHILE TOTAL NOMINAL HOLDINGS AMOUNTED TO 1.53。
THE MARKET ' S SHORT-TERM TRADE IN SPOT ETF OPTIONS HAS DECLINED, AND THE OVERALL MOOD HAS DECLINED。
In addition, the implicit volatility rate was 50.36 per cent。
Source: SoSoValue
ENCRYPTED ETF DYNAMIC LAST WEEK
BITCOIN,ETF,AND THE TREASURY, THEY BOUGHT 60,000 DOLLARS IN PROTECTIVE DROPS. RIGHTS
According to market news, large bitcoin ETF holders and treasury companies have recently concentrated in Deribit on the implementation price of $60,000 and less for six months and one year at the BTC to watch down options, which are used as portfolio insurance for falling prices by $60,000。
Deribit states that the BTC, which has an execution price of $60,000, has risen to about $1.5 billion, the highest price and duration of the platform ' s implementation, indicating a significant increase in the demand for a medium- and long-term decline. The current spot of bitcoin is convulsing around $67,000, but 30 days of implicit swing over options is about 7 per cent higher, and options trading shows that the market still prefers downside protection。
According to Bloomberg ETF analyst James Seyffart, the 13F filing agency as a whole reduced ETF, which was sold centrally because of the collapse of base trade returns; traditional/long-line funds were in reverse, and the Harvard Endowment Fund was the largest new buyer this season。
Nasdaq application for listing VanEck JitoSOL ETF
According to Cointelegraph, Nasdaq has submitted a proposal for a change of rules to be listed on VanEck JitoSOL ETF. The ETF will be directly in possession of a token based on the mobile nature of Solana, JitoSOL。
The Chairman of Jito Foundation, Brian Smith, stated that, if approved, the pledge incentive would not be distributed separately but would be reflected in the net asset value of the Fund. As a result of the JitoSOL automatic compound incentive, each token held in the trust will represent the SOL deposited at the bottom and the pledge proceeds accumulated on the Solana network。
THE TOP UNIVERSITY ENDOWMENT FUND AT HARVARD AND OTHERS BEGAN TO DEPLOY BITCOIN ETF
According to CoinDesk, in the face of the expected decline in returns on traditional assets, a number of university endowment funds are adjusting their investment strategies and starting to configure the encrypted currency ETF. Harvard and Brown University have disclosed their possession of bitcoin and ETF positions in the latest 13F document。
The Colombian investment management firm CEO Kim Lew indicated that both the expected returns and the Alpha returns from traditional asset classes would be reduced, forcing institutions to move further along the risk curve and explore new strategies. Carlos Rangel of the W.K. Kellogg Foundation stated that the traditional foundation model would not be sustainable without an 8 per cent return。
21 Shares Cash SUI ETF has started trading in NASDAQ
According to Sui Foundation official sources, 21 Shares-issued spot SUI ETF (Nasdak Code: TSUI) has started trading in NAZDAK to provide regulated, highly liquid direct SUI openings for American investors through existing voucher accounts。
THE ETF WAS RECENTLY APPROVED BY THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION。
iShares applies for a publicly available pledge of cash in the ETF ETHB to be traded in NASDAQ
The US SEC document shows that BlackRock (Beled) has submitted a revised version S-1, to be launched and listed in NASDAQ。
The Trust, which is a state-based trust, holds mainly ETH and, without prejudice to tax eligibility as an awardee, involves approximately 70-95 per cent of assets through third-party nodes, such as Coinbase, to be pledged to the Staking Award。
THE PRODUCT USES A BASKET OF 40,000 FORECLOSURES TO SUPPORT ETH FOR RANSOM IN CASH OR IN KIND, AUTHORIZING PARTICIPANTS ONLY TO SEEK FOR RANSOM DIRECTLY WITH TRUST. THE BASE RATE WAS 0.25 PER CENT ANNUALIZED, AND THE FIRST 12 MONTHS AFTER LISTING THE FIRST $2.5 BILLION ASSET WAS REDUCED TO 0.12 PER CENT. THE TRUST IS EXPECTED TO ISSUE ITS SHARE ON A CONTINUOUS BASIS, SUBJECT TO RISK CONTROL。
VIEWS AND ANALYSIS ON ENCRYPTION ETF
Nate Geraci, President of the ETF Store, stated that for long-term Bitcoin investors, a 50 per cent retreat was not uncommon, nor was it necessarily the last. He noted that despite the significant decline in market experience, there were no clear signs of panic among spot-based Bitcoin ETF investors and that the data on financial flows showed that the attitudes of the investors concerned remained robust。
According to Geraci, in the light of recent financial movements, some ETF investors are more inclined to run a low layout at the recall stage。
PEMBER ANALYST: BITCOIN ETF HAS A HUGE INFLOW OF FUNDS, AND THE REAL REBOUND STILL NEEDS TO BE SEEN
In a message from platform X, Eric Balchunas, a senior ETF analyst in Bloomberg, stated that yesterday Bitcoin ETF attracted about $500 million in inflows, the largest single-day increase in the recent past, and that cumulative inflows over the past two days were about $750 million, at a time of deep market pessimism, describing the inflow as “like a home run at a low level of competition” to boost the market。
SINCE THE BEGINNING OF THE YEAR, BITCOIN ETF HAS ACCUMULATED NET OUTFLOWS OF LESS THAN $2 BILLION, ALTHOUGH IT IS NOT CLEAR WHETHER THIS MARKS THE BEGINNING OF A REAL REBOUND OR A BRIEF “DEADCAT REBOUND”。
In response to the discussion on the ongoing fermentation of the Bitcoin ETF mechanism triggered by speculation on Jane Street market manipulation, a consultant to Bitwise Jeff Park wrote that the question of whether Bitcoin prices were suppressed by Jane Street was not addressed to a single institution, but was determined by the structural features of the Bitcoin ETF structure。
Each authorized participant (AP), including Jane Street Capital, Morgan Chase and Goldman Sachs, has immunity from creating and redeeming ETF shares, which allows them to operate in a flexible manner in the market, including by using futures or derivatives to hedge, without having to purchase spot bitcoin, which may affect the price discovery mechanism。
THIS GREY OPERATING SPACE IS DERIVED FROM REGULATORY EXEMPTIONS AND SEC APPROVAL OF DELIVERY IN KIND. WHILE THERE IS NO EVIDENCE THAT ANY AP HAS EXPLICITLY SUPPRESSED BITCOIN PRICES, THE EXISTING STRUCTURES MAY ALTER THE NATURAL MECHANISMS OF PRICE FORMATION AND MERIT REGULATORY AND INVESTOR ATTENTION。
In response, Eric Balchunas, an ETF analyst from Bloomberg, said that this mechanism is really difficult to understand, and I wonder who or what power is behind the “model sale” that appears every day and then disappears. For its part, Jan3 CEO Samson Mow said that being an AP is not the only factor in the price strategy, but that the key is how “widespread” their undisclosed transactions and hedge activities are. This is a channel for bringing capital costs close to zero。
Bitfinex: ETF exit and big-house sales charge bitcoin, $53,000 or critical support
Bitfinex Alpha reported that the Bitcoin market was still in the downward trend of a high time cycle owing to weak inflows of spot bitcoin ETFs and continued sales by large households。
THE REPORT STATES THAT, ALTHOUGH BITCOIN HAD RETURNED 20 PER CENT OF ITS LOW POINT SINCE 5 FEBRUARY, THE BOTTOM WAS STILL NOT CONFIRMED. SINCE THIS YEAR, US-BASED BITCOIN SPOT ETF HAS ACCUMULATED A NET OUTFLOW OF $2.6 BILLION, AND THE “ETF WEAKNESS” OF INSTITUTIONAL INVESTORS HAS INCREASED THE PRESSURE TO SELL. CHAIN DATA SHOW THAT ABOUT 64 PER CENT OF THE CURRENT EXCHANGE INFLOWS COME FROM LARGE HOLDERS (WHALFISH), A PROPORTION THAT HAS REACHED A NEW HIGH SINCE OCTOBER 2015。
Moreover, as a result of United States tariff policies and macro-uncertainty, options traders are again paying premiums for downside risks, and market sentiment is cautious. Currently, the $53,000 realized price (Realist Price) is seen as a key anchor in the medium-term market。
BLOOMBERG ANALYST: INSTITUTION Q4 MINUS BITCOIN ETF, CONSULTANT AND HEDGE FUND AS THE LARGEST SELLER
In a letter sent on platform X, Bloomberg analyst James Seyffart stated that institutional investors who submitted 13F reports to the United States Securities and Exchange Commission in the fourth quarter of 2025 had overall reduced their bitcoin ETF positions, with investment advisers and hedge funds being the two largest groups of holding institutions, and they became the main sellers of the market。
OVERALL, THE TOTAL SALE OF THE 13F REPORT BY DECLARED INSTITUTIONAL INVESTORS IN THE FOURTH QUARTER OF 2025 AMOUNTED TO AN ETF SHARE OF APPROXIMATELY 25,000 BITCOINS。
ACCORDING TO BLOOMBERG, HEDGE FUNDS THAT HAD PUSHED THE UNITED STATES FUND FOR BITCOIN TRADING (ETF) BOOM WERE RAPIDLY WITHDRAWING。
According to data compiled by the CF Benchmarks, a wholly owned subsidiary of the encrypted trading platform Kraken, the total configuration of bitcoin ETF held by the largest hedge fund decreased by 28%. In a study on 19 February, Gabe Selby, Research Manager of CF Benchmarks, wrote: “The dominant theme for the last two quarters has been hedge funds to de-risk operations. The collapse in October appears to have triggered a systematic reduction.” Brevan Howard significantly adjusted his hold in the iShares Bitcoin Trust under the Beled flag to become the largest seller of the spot ETF in the fourth quarter. Its warehouse size fell by about 86 per cent to 5.5 million shares, reducing its spot position value from approximately $2.4 billion to $275 million. Bitcoin prices fall alongside macro-risks, and even more so at some stages, undermining the logic previously suggested to institutional investors — that bitcoin can compete for inflation, currency devaluation or stock market pressure。
