USDCrypto Funds Weekly Recap Tracks 10-Week Streak, ETF Filings Spike
Crypto Funds See $1.24 Billion Inflow, Marking 10-Week Streak Amid Geopolitical Uncertainty
Global crypto funds have recorded an inflow of $1.24 billion last week, extending their positive streak to 10 weeks and bringing year-to-date inflows to a record $15.1 billion, according to CoinShares. Bitcoin and Ethereum-based funds were the primary contributors, with $1.1 billion and $124 million in inflows, reflecting strong investor sentiment amid geopolitical uncertainty. However, activity cooled in the latter half of the week, likely due to the U.S. Juneteenth holiday and concerns regarding U.S. involvement in the Iran conflict. U.S.-based funds led regional inflows with $1.25 billion, followed by Canada and Germany with $20.9 million and $10.9 million, respectively.
Bitcoin ETFs Achieve $588.6M June Inflow, Extending 11-Day Positive Streak Amid Ceasefire Boost
On Tuesday, US spot Bitcoin ETFs experienced significant inflows, totaling $588.6 million in a single day, marking the highest for the month and extending a positive streak to 11 days, accumulating over $2.2 billion within that period. The inflows were led by BlackRock's iShares Bitcoin Trust and Fidelity’s FBTC. Despite these gains, Grayscale's GBTC reported continued outflows. The surge followed a ceasefire announcement between Israel and Iran, boosting Bitcoin's price to over $106,800. Analysts suggest the market remains cautious amid macroeconomic uncertainties, with consolidating prices expected between $100,000 and $106,000, highlighting potential resistance and support levels.
U.S. Spot Ethereum ETFs Surpass $4 Billion in Inflows Ahead of First Anniversary
As U.S. spot Ethereum ETFs approach their first anniversary, they have achieved over $4 billion in cumulative net inflows, reaching this milestone just one month before the anniversary date. This achievement comes despite more than $4 billion in net outflows from Grayscale's higher-fee ETHE fund. For comparison, while U.S. spot Bitcoin ETFs recorded $34.7 billion in cumulative net inflows during their first 11 months, the inflow figures for both asset classes are more comparable when taking market cap into account. The growth of Ethereum ETFs highlights increasing investor interest in this segment of the cryptocurrency market.
Invesco and Galaxy Digital File for Solana ETF, Marking 9th US Application Amid High Approval Odds
Invesco and Galaxy Digital have filed for approval to launch the Invesco Galaxy Solana ETF (ticker: QSOL) on the Cboe BZX exchange, marking the ninth Solana ETF application in the US. The filing, dated June 25, 2025, indicates increasing institutional interest in altcoins. Analysts predict a 90% chance of SEC approval for Solana ETFs in 2025, a significant rise from previous odds. Invesco Capital Management will sponsor the fund, with Coinbase Custody handling holdings and staking provisions included. Other competitors like VanEck and Fidelity are also pursuing similar offerings, reflecting a vibrant ETF market for altcoins.
Bitwise Updates Dogecoin and Aptos ETF Filings, Analysts Raise Approval Odds to 90%
Bitwise has updated its S-1 filings with the SEC for proposed spot ETFs for Dogecoin and Aptos, increasing the chances of approval to 90%, according to Bloomberg analysts. Notably, the new filings include in-kind redemptions, a feature absent in earlier submissions, which analysts believe will enhance approval odds for crypto funds. SEC Commissioner Hester Peirce confirmed interest in in-kind operations for existing Bitcoin ETFs. Dogecoin, with a market cap of $24 billion, ranks ninth among cryptocurrencies, while Aptos, at $3 billion, ranks 41st. Spot Bitcoin ETFs have seen a net inflow nearing $4 billion recently.
Rex Shares Seeks SEC Approval for Staked Solana ETF as Approval Odds Rise to 92%
Rex Shares is advocating for the approval of its staked Solana ETF, anticipating imminent SEC approval. Approval odds for the ETF have surged to over 92%, bolstered by no further comments from the SEC. The upcoming REX-Osprey™ SOL + Staking ETF aims to provide exposure to SOL while generating yield through on-chain staking. Notably, whale activity on the Solana network spiked, with $1.3 billion in SOL transferred. Additionally, Solana futures trading volumes reached a record $1.75 billion on the CME, reflecting growing interest in crypto ETFs amid optimistic market conditions.
Grayscale Launches Space and Time Trust as SXT Token Surges
Grayscale launched the Space and Time (SXT) Trust, allowing investors to gain exposure to the SXT token, which rose 16% to $0.076 within 24 hours. This layer-1 blockchain facilitates real-time database processes for smart contracts and AI tools, backed by Microsoft’s M12 Ventures. The private placement Trust is available for accredited investors, coinciding with a regulatory shift in the U.S. favoring digital assets. The launch reflects growing demand for crypto investment products, as Grayscale continues expanding since its 2015 Bitcoin Trust debut, which now manages over $19 billion in assets after becoming a publicly traded fund.
KraneShares Files to Launch Coinbase 50 Index ETF Tracking Top 50 Digital Assets
KraneShares, a New York-based asset management firm, has filed with the SEC to launch the "Coinbase 50 Index ETF," which aims to track the 50 largest digital assets by market capitalization. This index, managed by Coinbase, emphasizes assets like Bitcoin (50%), Ethereum (21%), and XRP (9%), with quarterly reevaluation of holdings. Launched in late 2024, the Coinbase 50 reflects the growing interest in cryptocurrency investment vehicles. Industry experts anticipate a surge in crypto index ETF filings, indicating a potential shift in the investment landscape driven by digital asset interest. KraneShares focuses on alternative investments and is majority-owned by a Chinese firm.
This article has been refined and enhanced by ChatGPT.
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