上週加密貨幣現貨 ETF 表現

美國比特幣現貨ETF淨流入18.62億美元

Organizer: Fairy, ChainCatcher

主辦單位：Fairy、ChainCatcher

Overview of Last Week's Crypto ETF Dynamics

上週加密貨幣 ETF 動態概覽

A total of 7 crypto-related ETF applications

共有7個加密貨幣相關ETF申請

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:

ETF Store 總裁 Nate Geraci 在推特上表示，多家機構已提交與加密貨幣相關的 ETF 申請，顯示監管情緒發生轉變。具體應用如下：

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

福斯記者：Solana ETF 先前曾與 SEC 工作人員接洽，但其 19b-4 申請隨後被拒絕

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.

福斯商業新聞記者 Eleanor Terrett 在 X 上發文稱，Solana ETF 此前曾與 SEC 工作人員進行接觸，但其 19b-4 申請隨後被拒絕。隨著 Gary Gensler 即將卸任，市場關注 LTC、XRP 和 SOL ETF 的未來進展和時間表。

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

彭博 ETF 分析師：據報道萊特幣 ETF 的 S-1 申請收到了 SEC 的回复

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."

彭博社ETF 分析師Eric Balchunas 在X 上發文表示：「我們聽說萊特幣ETF 的S-1 申請已收到SEC 的回复，這似乎證實了我們的預測，即萊特幣最有可能成為下一個獲批的加密貨幣ETF。

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

泰國可能首次允許比特幣 ETF 在當地交易所上市

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.

泰國證券交易委員會（SEC）正在考慮首次允許比特幣交易所交易基金（ETF）在當地交易所上市，旨在將該國定位為數位資產中心。 SEC 秘書長 Pornanong Budsaratragoon 表示，擬議的新法規將允許個人和機構投資本地比特幣 ETF。此前，泰國One Asset Management於2024年6月推出了一檔基金，為投資者提供間接投資海外比特幣ETF的機會，但不允許直接投資比特幣產品。 Pornanong 表示：“無論喜歡與否，我們都必須跟上全球加密貨幣採用的步伐。我們需要適應變化，為投資者提供更受保護的加密資產投資選擇。”此外，泰國正在逐步放寬對數位資產的限制，包括考慮推出政府債券支持的穩定幣，並計劃在普吉島建立用於比特幣交易的旅遊服務沙箱。

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

最新數據顯示，截至11月30日，泰國約有27萬個活躍的加密貨幣交易帳號。

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

美國 SEC 將 Bitwise BITW 轉換為 ETF 的決定推遲至 7 月

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.

根據一份公開監管文件，美國 SEC 已將 Bitwise 10 加密貨幣指數基金 (BITW) 轉換為 ETF 的決定推遲到 7 月底。這意味著Bitwise ETF的批准將需要更長的時間。此外，彭博 ETF 分析師 James Seyffart 指出，Grayscale 的 GDLC 下一個截止日期是 2 月 2 日，預計也將延後。

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

YieldMax 加密貨幣產業和技術投資組合選擇權收益 ETF (LFGY) 上市

BlackRock launches new Bitcoin ETF on the Chicago Options Exchange Canada

貝萊德在加拿大芝加哥期權交易所推出新的比特幣 ETF

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

富達降低加拿大富達優勢比特幣交易所交易基金（ETF）的管理費

Views and Analysis on Crypto ETFs

加密貨幣ETF的看法與分析

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

ETF商店總裁：金絲雀早期佈局LTC和HBAR ETF或將獲得先發優勢

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.

ETF Store總裁Nate Geraci指出，從競爭角度來看，如果Canary的萊特幣ETF能夠先於VanEck和Bitwise等知名發行人提交的SOL和XRP現貨ETF獲得批准，那將是一個重大突破。

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

儘管Canary尚未推出任何ETF產品，但其早期定位於Litecoin和Hedera（HBAR）ETF可能會提供顯著優勢。

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

彭博分析師：萊特幣ETF已滿足所有條件，可能在2025年成為首個山寨幣ETF

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."

彭博社高級 ETF 分析師 Eric Balchunas 在社群媒體上表示：「萊特幣 ETF 現在已經滿足了所有條件，2025 年第一個山寨幣 ETF 的倒數計時即將開始。我認為沒有理由撤回該申請，特別是因為 SEC 已經在S-1 文件中評論道，萊特幣被視為一種商品，而且SEC 有了新的領導層。

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

彭博 ETF 分析師：富達將其加拿大比特幣 ETF 費用下調至 32 個基點，以與貝萊德競爭

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.

彭博ETF 分析師Eric Balchunas 在X 上發文稱，富達已將其加拿大比特幣ETF 的費用降低至32 個基點，以與貝萊德相匹配，貝萊德最近以相同的費用在加拿大推出了類似產品。

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

目前，兩家公司的費用都是市場上最低的。美國發行人已向加拿大採取了一些競爭行動。

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

摩根大通：即使新的山寨幣ETF獲得批准，其影響也將有限

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

摩根大通分析師在 1 月 13 日的投資者報告中寫道，儘管預計川普將清除監管障礙，但除比特幣和以太坊之外，對新 ETF 的興趣有限。該公司認為，投資者的興趣或需求可能不足以使這些未來山寨幣 ETP 的推出對加密貨幣產生影響