Wu reports that the U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Canary spot Litecoin ETF to allow more time for evaluation. https://t.co/DhzjjEnEpr

Eric Balchunas, a senior ETF analyst at Bloomberg, stated on the X platform that VOO and BlackRock's Bitcoin exchange-traded fund IBIT currently rank first and second respectively in weekly fund inflows, continuing last year's trend of "Bitcoin + beta" as the core theme in the ETF market. Additionally, BlackRock's IBIT has ranked eighth in ETF fund inflows since the beginning of the year. Despite once falling out of the top 50 and experiencing net outflows exceeding $6.40 billion, IBIT's fund inflows have significantly increased following the decoupling of Bitcoin assets from the U.S. stock market.

VanEck, a major asset management firm in the US, has submitted an S-1 filing for a BNB ETF to the US SEC. Once approved, any part of the trust's BNB can be used to earn staking rewards, generate additional BNB, or other yields. https://t.co/4GuhdsHUND

Wu said that VanEck, a major US asset management firm, has submitted an S-1 filing for a BNB ETF to the US SEC. Upon approval, any portion of BNB held in the trust can be used to earn staking rewards, additional BNB, or other yields.

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the listing of the Litecoin spot Exchange-Traded Fund (ETF) proposed by Canary Funds and has solicited public comments. The SEC is particularly concerned about whether the proposal can prevent fraud and manipulation or if there are new issues that have not been previously considered. The SEC is currently reviewing multiple cryptocurrency ETF proposals and has recently delayed decisions on ETFs related to XRP, Hedera, and Dogecoin. The newly appointed SEC Chairman Paul Atkins holds a positive attitude towards digital assets and plans to collaborate with lawmakers to develop a regulatory framework for cryptocurrencies. Analyst James Seyffart believes that the Litecoin ETF is most likely to receive early approval but expects delays. Grayscale, CoinShares, and Canary are all competing for the market share of the Litecoin ETF.

According to SoSoValue data, during the last trading week (from April 28 to May 2, Eastern Time), Ethereum spot ETFs saw a net inflow of $106 million. The Ethereum spot ETF with the highest weekly net inflow was Blackrock's ETF ETHA, which received $87.57 million in net inflows for the week. Currently, ETHA's total net inflow has reached $4.20 billion. https://t.co/WQRq3mTNCT

Foresight News reports that according to SoSoValue data, during the trading days last week (Eastern Time from April 28 to May 2), Ethereum spot ETFs had a net inflow of 106 million USD for the week.The Ethereum spot ETF with the largest weekly net inflow was BlackRock's ETF ETHA, with a weekly net inflow of 87.57 million USD. Currently, ETHA's historical total net inflow has reached 4.20 billion USD.Next was Fidelity's ETF FETH, with a weekly net inflow of 37.79 million USD. Currently, FETH's historical total net inflow has reached 1.46 billion USD.The Ethereum spot ETF with the largest weekly net outflow last week was Grayscale's Ethereum Trust ETF ETHE, with a weekly net outflow of 26.21 million USD. Currently, ETHE's historical total net outflow has reached 4.30 billion USD.

According to TechFlow, on May 5th, Tokocrypto News reported that following former US President Trump's victory in the presidential election, the cryptocurrency industry is poised for new opportunities. Bloomberg analyst Eric Balchunas stated that the approval probability for Solana and Litecoin spot ETFs is 90%, and for XRP it is 85%. Several well-known investment firms, including Grayscale, VanEck, 21Shares, Bitwise, and Canary, have submitted ETF applications for these assets.The Trump administration has nominated Paul Atkins to replace Gary Gensler as the Chairman of the US Securities and Exchange Commission (SEC), which is expected to accelerate the approval process for cryptocurrency ETFs. Additionally, Trump signed an executive order in March 2025 to establish a "Strategic Bitcoin Reserve" and a "Digital Asset Reserve," aiming to position the United States as a global cryptocurrency hub. Analysts anticipate that these initiatives will bring approximately $90 billion in investment to the market.

Wu reported that Bloomberg analyst James Seyffart stated the Canary Funds' application for a Litecoin ETF is expected to receive a decision from the U.S. Securities and Exchange Commission (SEC) by May 5 at the latest, possibly indicating a delay. Previously, the SEC had issued postponements for several applications but did not include this ETF. He believes that if some assets might be approved early, Litecoin could have a certain chance, although he personally leans toward expecting a delay. https://t.co/CVlrDbrdM1

U.S. spot Bitcoin exchange-traded funds (ETFs) saw a net inflow of 1.81 billion USD last week, marking the third consecutive week of positive inflows. According to SoSoValue data, as of the week ending May 2, the cumulative net inflow for spot Bitcoin ETFs reached 40.24 billion USD, the highest level since February 11. The total weekly trading volume for 12 ETFs was 13.23 billion USD, down from 18.76 billion USD the previous week. Brown University disclosed holdings of nearly 5 million USD in BlackRock's spot Bitcoin ETF shares, indicating academic interest in this sector. The largest spot Bitcoin ETF, IBIT, has net assets of 59.64 billion USD, with a net inflow of 675 million USD last week and a cumulative inflow of 43.48 billion USD. Bitcoin's price fell 1.35% in the past 24 hours, trading at 94,606 USD, while Ether dropped 1.02% to 1,822 USD. Meanwhile, spot Ethereum ETFs recorded positive inflows for the second consecutive week, with a net inflow of 107 million USD last week.

Background: The amount of Bitcoin purchased by U.S. Bitcoin spot Exchange-Traded Funds (ETFs) in the past week was nearly six times the amount produced by miners. Specifically, ETFs bought 18,644 Bitcoins, while miners only mined 3,150 during the same period. This accumulation by institutions and ETF issuers reflects strong market demand for Bitcoin. Key Events: - Over the past five trading days, Bitcoin ETFs saw capital inflows of approximately $1.80 billion, showing an overall market recovery. - In early May, the spot price of Bitcoin reached a six-week high of $97,700 before retreating to around $94,000. - BlackRock's iShares Bitcoin Trust (IBIT) performed notably, with nearly $2.50 billion in inflows over five days and no outflows for 17 consecutive days. - Nate Geraci, President of ETF Store, pointed out that despite distribution restrictions, the size of Bitcoin spot ETFs is close to $110 billion, and with future easing of restrictions, the market potential is enormous. Potential Impact: - The U.S. Securities and Exchange Commission (SEC) is about to make a second decision on Canary Capital's spot Litecoin (LTC) ETF application, with widespread market attention on its approval prospects. - Over 70 U.S. cryptocurrency ETFs are awaiting SEC approval this year, demonstrating the activity and development potential of the crypto asset ETF market. Special Note: This article includes related images and data provided by SoSoValue.

According to SoSoValue data, on May 2nd (Eastern Time), the total net inflow for Ethereum spot ETFs was $20,103,200.00, with none of the nine ETFs experiencing net outflows. The Ethereum spot ETF with the highest single-day net inflow was Blackrock's ETF ETHA, which saw a net inflow of $20,103,200.00. Currently, ETHA's total net inflow has reached $4.201 billion. https://t.co/4TD3vnufoI

According to SoSoValue data, yesterday (Eastern Time, May 2), the total net inflow for Bitcoin spot ETFs was $675 million, with none of the twelve ETFs experiencing net outflows. The Bitcoin spot ETF with the highest single-day net inflow was Blackrock's IBIT ETF, which saw a net inflow of $675 million. Currently, IBIT's total net inflow has reached $43.681 billion. https://t.co/ulAWzmkGSN

Travis Spence, Global Head of ETFs at JPMorgan Asset Management, expects the company's ETF assets under management to reach 1 trillion USD within the next five years. This target is significantly higher than the current 200 billion USD. The news comes from Bloomberg reporter Katie Greifeld's ETF IQ weekly report, which focuses on the global 14 trillion USD ETF industry.

Background: At the beginning of 2024, Ripple's XRP has shown strong performance in the spot market, with a significant boost in buyer confidence. According to a report by on-chain analytics firm Glassnode, since November 2024, the number of addresses holding at least 10,000 XRP has steadily increased, indicating that large investors continue to accumulate XRP amid market fluctuations. Key Events: Market expectations have increased for the U.S. Securities and Exchange Commission (SEC) potentially approving an XRP spot ETF. According to decentralized prediction platform Polymarket, the approval probability for an XRP spot ETF this year has risen to 78%. Several leading investment firms submitted XRP ETF product applications in March, making it one of 72 crypto spot ETFs awaiting SEC approval. Potential Impact: Although XRP's price has dropped by 35% since early 2024, the market widely expects a significant price surge once the spot ETF is approved. This development reflects investors' confidence in XRP's long-term value and the market's positive response to regulatory dynamics.

According to Arkham monitoring data, Grayscale's Ethereum Exchange-Traded Fund, Grayscale Ethereum Trust, transferred 6,486 Ethereum to Coinbase Prime hot wallet addresses on May 2nd, valued at approximately 11.92 million USD; additionally, Grayscale also transferred 71.034 Bitcoin, valued at about 6.90 million USD.

This article analyzes the likelihood of Cardano (ADA) launching a spot ETF this year, with Bloomberg analysts estimating a 75% probability. Despite Bitcoin's strong price surge, which has driven the total market capitalization back up to 3 trillion USD, ADA and most major altcoins have yet to surpass the highs seen at the end of Q1. The primary reason is the lack of ETF support, as ETFs have become a key driver of market hype around altcoins. ADA frequently faces profit-taking near the $0.70 resistance level, with trading volume and profit ratios indicating insufficient buying pressure. The network value is growing faster than transaction activity, suggesting that the price may be overvalued. Market inflows into ADA are weak, making it difficult to break resistance levels, and if this continues, the price may adjust before any breakout occurs. Meanwhile, Solana and XRP have higher probabilities of ETF approval, at 90% each. Bitcoin's dominance is close to 65%, increasing outflows from altcoins and intensifying the demand for institutional capital inflows into altcoins. Solana, due to its high ETF approval probability and the launch of the TRUMP memecoin, has become a strong contender for institutional capital and ETF approval. For Cardano to remain competitive, it must break resistance levels quickly, or it risks losing market momentum. The first altcoin ETF approved by the SEC will gain a leading advantage in market momentum.

Brown University disclosed a $5 million investment in BlackRock's spot Bitcoin ETF, marking its first exposure to crypto. The university holds 105,000 IBIT shares valued at approximately $4.9 million as of March 31. IBIT is the largest spot Bitcoin ETF with $56.81 billion in assets under management. Brown is the third U.S. university to invest in a Bitcoin ETF, following Emory and the University of Austin. ETFs allow investors to gain exposure to assets without direct ownership, and spot Bitcoin ETFs have been highly successful financial products. BlackRock, the world's largest asset manager, played a key role in advancing spot Bitcoin ETFs, which had faced SEC rejections since 2013. Other institutions, including state investment boards and trading firms, have also purchased Bitcoin ETFs.

According to SoSoValue data, yesterday (May 1st, Eastern Time), the total net inflow for Ethereum spot ETFs was $6,493,200. The Ethereum spot ETF with the highest single-day net inflow was Grayscale Ethereum Trust ETF ETH, with a net inflow of $11,984,000. Currently, ETH's total historical net inflow has reached $617 million. https://t.co/hRIjyipKvo

Wu reported that, according to SoSoValue data, the total net inflow into Bitcoin spot ETFs yesterday (Eastern Time, May 1) was $422 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was Blackrock's IBIT ETF, with a net inflow of $351 million. Currently, IBIT's total net inflow has reached $43.006 billion. https://t.co/etCh8pFgf8

Background: Investor optimism continues to rise regarding the approval of spot exchange-traded funds (ETFs) for Dogecoin (DOGE) and Ripple (XRP). Key Events: Blockchain analytics platform Santiment noted a recent increase in social media discussion volume about DOGE and XRP, with the sentiment turning positive. Prediction market platform Polymarket shows that the probability of XRP spot ETF approval by the end of 2025 has risen from 65% two months ago to 85%. Although the U.S. Securities and Exchange Commission (SEC) has postponed the decision on DOGE and XRP ETF applications to June 17, market participants remain optimistic. Technical charts indicate a capital accumulation trend, suggesting strong investor interest. Following the submission of DOGE spot ETF applications by 21Shares and Bitwise in April, social media buzz around DOGE surged significantly. Santiment pointed out that DOGE's social media dominance reached a three-month high, with the community gaining confidence in its transition from a "meme coin" to a serious investment asset. While XRP's social media discussion volume is relatively lower, the sentiment remains bullish as investors focus on clarifying XRP's legal status and its impact on ETF approval. Potential Impact: Social trends and investor sentiment play a significant role in driving short-term market momentum, especially for tokens poised to gain broader institutional recognition.

A comprehensive look at the 2025 US cryptocurrency ETF market: staking, Solana, and the listing surge. James Seyffart states that the cryptocurrency ETF market is experiencing explosive growth. The SEC's attitude toward issues like ETF staking is gradually becoming more open, but clear rules are still pending. Products based on staked assets and ETFs each have their advantages and disadvantages, and the launch of Solana ETFs may be imminent. Bitcoin's recent performance has diverged from other assets, with institutional investors becoming increasingly positive toward it. Its status as "digital gold" is more widely accepted, strengthening its dominant position in the crypto space. Stocks of crypto companies like Coinbase and MicroStrategy are outperforming other related stocks. Bitcoin mining companies and gold mining companies show similar volatility, and the intersection of AI and cryptocurrencies is creating new market opportunities. Read more: https://t.co/ic2SMnOu6B

Grayscale Bitcoin Trust (GBTC) remains the dominant revenue generator among Bitcoin ETFs in 2025 despite significant outflows and competition. Established in 2013, GBTC pioneered regulated Bitcoin investment and transitioned to a spot Bitcoin ETF in January 2024 after a legal victory against the SEC. It generates $268.5 million annually, surpassing the combined $211.8 million revenue of all other US spot Bitcoin ETFs, largely due to its high 1.5% expense ratio compared to competitors charging around 0.25%. Despite losing $18 billion in assets since early 2024, GBTC's revenue dominance is sustained by tax frictions, investor loyalty, and its legacy as a pioneer in the space. Grayscale also launched a lower-fee Mini Trust in 2025 to attract cost-conscious investors, but it generates significantly less revenue. The trust's investor base includes institutions and retail clients valuing regulatory security and simplicity. Tax considerations and psychological factors like loss aversion contribute to investor retention, even as competitors with lower fees attract new capital. GBTC's history, strategy, and investor faith form a strong defense against rivals, maintaining its revenue crown in a competitive market.

Swiss asset management company 21Shares has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) to launch the SUI exchange-traded fund (ETF). The SUI price rose 3.35% following this news, currently trading at $3.65. Six weeks ago, Canary Capital had also submitted an application for a SUI ETF. (CoinDesk) https://t.co/oNnfrkSJHh

Swiss asset management company 21Shares has submitted an S-1 registration filing to the U.S. Securities and Exchange Commission (SEC) to launch a SUI exchange-traded fund (ETF). The price of SUI rose 3.35% following this news, currently trading at 3.65 USD. Six weeks ago, Canary Capital had submitted an application for a SUI ETF. (CoinDesk)

Wu said that, according to SoSoValue data, yesterday (Eastern Time, April 30), Bitcoin spot ETFs experienced a total net outflow of $56.2336 million, with only the Blackrock ETF IBIT showing a net inflow. The Bitcoin spot ETF with the highest single-day net inflow yesterday was Blackrock ETF IBIT, with a net inflow of $267 million. Currently, IBIT's total net inflow has reached $42.655 billion. https://t.co/DBt0iGQLij

Wu reported that, according to SoSoValue data, yesterday (April 30, Eastern Time), the total net outflow from Ethereum spot ETFs was $2,359,900, with only Fidelity ETF FETH experiencing a net inflow. The Ethereum spot ETF with the highest single-day net inflow yesterday was Fidelity (Fidelity) ETF FETH, with a net inflow of $5,795,300. Currently, FETH's total net inflow has reached $1.458 billion. https://t.co/e3A2sQRrFE

Canary Capital has filed an S-1 registration statement, planning to manage the first US-based Sei spot exchange-traded fund (ETF) that includes a staking component. This fund will directly reflect the price of SEI, the native cryptocurrency of the Sei network, with a portion of its assets staked through infrastructure providers to generate additional yield. Sei is an EVM-compatible Layer 1 blockchain built on the Cosmos SDK, combining Ethereum's development standards with Solana's performance. Recently, Canary has also applied for multiple crypto ETFs, including Pengu, Sui, Hedera, and Litecoin. The price of SEI has recently increased by 8.6%. Other asset management firms such as Bitwise and Grayscale are also seeking SEC approval for various spot crypto ETFs. Under the Trump administration, the SEC adopted a more open attitude towards the crypto industry and has approved spot ETFs for Bitcoin and Ethereum but has not yet approved products that include staking elements. The Crypto Innovation Council and key industry participants have submitted letters to the SEC's newly established crypto working group, calling for clear regulatory definitions of staking and related services, supporting the responsible inclusion of staking functions in exchange-traded products, and avoiding overregulation that could hinder innovation. Staking is the process of locking cryptocurrencies to support proof-of-stake blockchains and earn rewards.

Bloomberg Intelligence has increased the estimated probability of US regulators approving a Solana exchange-traded fund (ETF) in 2025 to 90%, up from 70% in February. Approval chances for other altcoin ETFs, including XRP and Dogecoin, have also improved. As of April 30, six asset managers, including Grayscale, VanEck, and 21Shares, are awaiting SEC approval for Solana ETFs, with a similar number for XRP and three for Dogecoin. The SEC has until October to review these proposals. The surge in altcoin ETF filings reflects a regulatory shift under US President Donald Trump and growing market interest, with futures contracts for Solana listed on the Chicago Mercantile Exchange and Nasdaq seeking approval for a Dogecoin ETF. Bloomberg Intelligence's updated outlook suggests a positive trend for altcoin ETF approvals, though the review process may extend into 2026 due to SEC timelines. SoSoValue is mentioned in the context of market analysis.

Wu Shuo has learned that Grayscale has launched a new product called Grayscale Bitcoin Adopters ETF (ticker: BCOR), which will be listed on NYSE Arca on April 30, 2025. It tracks the Indxx Bitcoin Adopters Index, providing exposure to publicly listed companies worldwide that have incorporated Bitcoin into their corporate treasury reserves. As of April 29, the net asset value per share of BCOR was $25.31, with assets under management of approximately $1.01 million.

Wu has learned that Canary Capital has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission, proposing to launch a trading product called Canary Staked SEI ETF. The ETF aims to track the price of SEI and earn additional SEI through participation in the PoS mechanism of the SEI network. Custody services are jointly provided by BitGo and Coinbase Custody. https://t.co/idFEzGYPGn

Background Information: XRP's price dropped 5% in the past 24 hours, influenced by U.S. GDP data indicating economic contraction that triggered recession concerns. However, the market structure is strengthening, with investors increasingly optimistic about the approval of a U.S. spot XRP ETF. In the short term, XRP may return to its April high of $2.36. Key Events: Technical charts show XRP is in a bullish descending wedge pattern. If it breaks through the $2.40 resistance level, the target price could reach $3.74, a 71% increase. The Relative Strength Index (RSI) indicates the market still leans bullish. Analysts generally expect XRP to recover to its historical highs, with some traders predicting prices could even reach $19.27. Increased ETF Approval Probability: A senior ETF analyst at Bloomberg stated that with leadership changes at the U.S. Securities and Exchange Commission (SEC), the approval probability for five spot XRP ETFs—including Grayscale, 21Shares, WisdomTree, Bitwise, Canary, and Franklin Templeton—has risen to 85%. The Polymarket platform's XRP ETF approval probability has also increased to 80%. The SEC has postponed the decision on Franklin Templeton's spot XRP ETF to June 17. Potential Impact: Approval of the ETF would attract institutional funds, driving demand for XRP and promoting its mainstream adoption. Although the approval timeline remains uncertain, this move is significant for the XRP market. Special Note: This article does not constitute investment advice. Investments carry risks, and readers should conduct their own research. SoSoValue provides related images and data support.

Bitwise Chief Investment Officer Matt Hougan stated that the four major US wealth management institutions—Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS—are expected to fully open investment channels for Bitcoin spot ETFs by the end of 2025. These institutions collectively manage over 10 trillion USD in client assets. Hougan anticipates that the net inflows into Bitcoin spot ETFs this year are still likely to set new historical records. (The Block)

According to PANews on April 30, data from the Hong Kong stock market shows that as of the close, the total trading volume of all Hong Kong virtual asset ETFs today was approximately HKD 11.05 million. Specifically, the trading volume for China Asset Management Bitcoin ETF was HKD 2.22 million, and for the Ethereum ETF was HKD 327.10 thousand; Harvest Bitcoin ETF had a trading volume of HKD 821.20 thousand, and its Ethereum ETF was HKD 253.10 thousand; Bosera Bitcoin ETF had a trading volume of HKD 1.23 million, with its Ethereum ETF reaching HKD 6.20 million. It is worth noting that all the above virtual asset ETFs are set up with trading units in both HKD and USD, while the two ETFs from China Asset Management also have trading units in RMB.

According to TechFlow, on April 30, Bloomberg senior ETF analyst Eric Balchunas shared on social media Bloomberg Intelligence's probability forecast for the approval of spot crypto asset ETFs.The data shows that crypto asset index ETFs have the highest approval probability, reaching 90%. Spot ETFs for Litecoin and Solana also have a 90% chance of approval, XRP stands at 85%, Dogecoin and HBAR at 80%, while Cardano, Polkadot, and Avalanche have a 75% approval probability. The final approval deadlines for these ETF applications are all in the second half of 2025.

According to SoSoValue data, yesterday (April 29th, Eastern Time), the total net inflow into Bitcoin spot ETFs was $173 million, marking the eighth consecutive day of net inflows. The Bitcoin spot ETF with the highest single-day net inflow was Blackrock's IBIT ETF, which saw $217 million in a single day. Currently, IBIT's total net inflow has reached $42.388 billion. As of now, the total net asset value of Bitcoin spot ETFs is $110.171 billion, with the ETF net asset ratio (market cap compared to total Bitcoin market cap) at 5.85%. The cumulative net inflow has totaled $39.196 billion. https://t.co/Nlo13Gmm1v

According to SoSoValue data, yesterday (April 29th, Eastern Time), the total net inflow for Ethereum spot ETFs was $18.4008 million, marking four consecutive days of net inflows. The Ethereum spot ETF with the highest single-day net inflow was Fidelity ETF FETH, with $25.5219 million. As of now, the total net asset value of Ethereum spot ETFs stands at $6.304 billion, with an ETF net asset ratio (market cap compared to total Ethereum market cap) of 2.89%. The cumulative net inflow has reached $2.484 billion. https://t.co/iS0cnHeiw8

Background: The XRP market showed active performance in May, with Ripple's XRP ETF becoming the focal point of market attention. The ProShares futures-based XRP ETF is expected to launch soon, though not by the end of April. This product will compete in the U.S. market against Teucrium's leveraged XRP ETF. The XRP CME futures are also planned for launch in May, enhancing the likelihood of approval for a U.S. spot XRP ETF. The prediction site Polymarket estimates a 78% approval probability by the end of 2025. Key Events: The analysis firm Aphractal holds a cautious stance on the XRP ETF, noting the market behavior prior to BTC ETF approvals, which could lead XRP prices to fall to $2 or below in the short term. Options market data show investors holding bearish views with expectations of XRP prices dropping to $1.4 by the end of May, while some bullish options trades are placed around $2.275. Currently, XRP price holds a short-term support at $2.1 and remains above the 200-day moving average, indicating bullish dominance, but a breakthrough above $2.4 is needed for stronger momentum. Potential Impact: Should the XRP ETF launch, short-term price volatility is likely, with particular downside risk. Key support levels include $2.1, the 200-day moving average, and the historical consolidation zone at $1.4. Investors should monitor these technical indicators and shifts in market sentiment closely.