Last Week's Crypto Spot ETF Performance

US Bitcoin Spot ETF Net Inflow of $1.862 Billion

Organizer: Fairy, ChainCatcher

Overview of Last Week's Crypto ETF Dynamics

A total of 7 crypto-related ETF applications

The ETF Store President Nate Geraci tweeted that several institutions have submitted crypto-related ETF applications, indicating a shift in regulatory sentiment. The specific applications are as follows:

Fox Reporter: Solana ETF previously engaged with SEC staff, but its 19b-4 application was subsequently rejected

Fox Business reporter Eleanor Terrett posted on X that the Solana ETF had previously engaged with SEC staff, but its 19b-4 application was subsequently rejected. As Gary Gensler is set to step down, the market is focused on the future progress and timeline of LTC, XRP, and SOL ETFs.

Bloomberg ETF Analyst: Litecoin ETF's S-1 application reportedly received a response from the SEC

Bloomberg ETF analyst Eric Balchunas posted on X, stating: "We have heard that the Litecoin ETF's S-1 application has received a response from the SEC, which seems to confirm our prediction that Litecoin is most likely to become the next approved cryptocurrency ETF. That said, the new chair of the SEC has yet to take office, which is a significant variable."

Thailand may allow Bitcoin ETFs to be listed on local exchanges for the first time

The Thai Securities and Exchange Commission (SEC) is considering allowing Bitcoin exchange-traded funds (ETFs) to be listed on local exchanges for the first time, aiming to position the country as a digital asset hub. SEC Secretary-General Pornanong Budsaratragoon stated that the proposed new regulations would allow individuals and institutions to invest in local Bitcoin ETFs. Previously, Thailand's One Asset Management launched a fund in June 2024 that provided investors with indirect exposure to overseas Bitcoin ETFs but had not allowed direct investment in Bitcoin products. Pornanong stated: "Like it or not, we must follow the pace of global cryptocurrency adoption. We need to adapt to changes and provide investors with more protected investment options in crypto assets." Additionally, Thailand is gradually easing restrictions on digital assets, including considering the launch of government bond-backed stablecoins and plans to establish a tourism service sandbox for Bitcoin trading in Phuket.

According to the latest data, as of November 30, there are approximately 270,000 active cryptocurrency trading accounts in Thailand.

US SEC delays decision on Bitwise BITW conversion to ETF until July

According to a public regulatory document, the US SEC has postponed its decision on Bitwise 10 Crypto Index Fund (BITW) converting to an ETF until late July. This means that the approval of the Bitwise ETF will take longer. Additionally, Bloomberg ETF analyst James Seyffart pointed out that Grayscale's GDLC has a next deadline of February 2, which is also expected to be delayed.

YieldMax Cryptocurrency Industry and Technology Investment Portfolio Options Income ETF (LFGY) listed

BlackRock launches new Bitcoin ETF on the Chicago Options Exchange Canada

Fidelity lowers management fees for Fidelity Advantage Bitcoin Exchange-Traded Fund (ETF) in Canada

Views and Analysis on Crypto ETFs

The ETF Store President: Canary's early positioning in LTC and HBAR ETFs may gain first-mover advantage

The ETF Store President Nate Geraci pointed out that from a competitive perspective, if Canary's Litecoin ETF can be approved before the SOL and XRP spot ETFs submitted by well-known issuers like VanEck and Bitwise, it would be a significant breakthrough.

Although Canary has not yet launched any ETF products, its early positioning in Litecoin and Hedera (HBAR) ETFs may provide a significant advantage.

Bloomberg Analyst: Litecoin ETF has met all conditions and may become the first altcoin ETF in 2025

Bloomberg Senior ETF Analyst Eric Balchunas stated on social media: "The Litecoin ETF has now met all conditions, and the countdown for the first altcoin ETF in 2025 is about to begin. I see no reason to withdraw that application, especially since the SEC has commented on the S-1 filing, Litecoin is considered a commodity, and the SEC has new leadership."

Bloomberg ETF Analyst: Fidelity cuts fees for its Canadian Bitcoin ETF to 32 basis points to compete with BlackRock

Bloomberg ETF Analyst Eric Balchunas posted on X that Fidelity has reduced the fees for its Canadian Bitcoin ETF to 32 basis points to match BlackRock, which recently launched a similar product in Canada at the same fee.

Currently, both firms have the lowest fees in the market. US issuers have brought some competitive actions to Canada.

JPMorgan: Even if new altcoin ETFs are approved, their impact will be limited

JPMorgan analysts wrote in an investor report on January 13 that interest in new ETFs is limited outside of Bitcoin and Ethereum, despite expectations that Trump will clear regulatory hurdles. The firm believes that investor interest or demand may not be sufficient to make the launch of these future altcoin ETPs impactful on the cryptocurrency