Despite the ongoing weakness in the cryptocurrency market, ETF development around digital assets has not slowed down. Several asset management firms are still submitting new product applications to regulators, demonstrating that institutional long-term demand for digital asset funds remains confident.
This month, Bitwise Asset Management submitted an ETF application related to Uniswap, and ProShares also plans to launch leveraged Bitcoin and Ethereum ETFs. Meanwhile, 21Shares resubmitted fund proposals based on Ondo and Sei, indicating that these projects are steadily progressing. Industry insiders believe these moves reflect issuers positioning themselves early during the market downturn, aiming to gain a first-mover advantage when sentiment recovers.
Strategas Chief ETF Strategist Todd Sohn told Bloomberg that institutions like 21Shares and Bitwise still see long-term potential in cryptocurrencies, but short-term weak performance may put some pressure on capital inflows. Currently, over 140 crypto-themed ETFs are trading in the U.S. market, with about 10 more expected to launch this year, and there is even potential for products like BNB staking ETFs in the future.
However, price declines have significantly impacted investor sentiment. After last October’s sell-off, Bitcoin has fallen again, dragging down a series of small and mid-cap tokens. Tight liquidity and reduced risk appetite have led some investors to temporarily exit the market.
Data from Glassnode shows that the average purchase cost for U.S. spot Bitcoin ETFs is around $84,100, while current prices hover near $66,000, causing many holders to be in unrealized losses. In recent months, Ethereum ETFs have experienced outflows exceeding $1.5 billion, while Bitcoin ETF outflows have surpassed $3.5 billion.
Nevertheless, ETF issuers continue to expand their product lines, indicating they are not shaken by short-term volatility. Market observers believe that as regulatory frameworks become clearer and institutional participation increases, cryptocurrency ETFs will remain an important bridge connecting traditional finance with digital assets.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Last week, Bitcoin spot ETF saw a net inflow of $568 million, and BlackRock IBIT had a net inflow of $660 million.
Last week, Bitcoin spot ETF net inflows reached $568 million, with BlackRock's IBIT leading with a weekly net inflow of $660 million, bringing the total historical net inflows to $62.47 billion. Fidelity's FBTC experienced a net outflow of $153 million. The current total net asset value of Bitcoin spot ETFs is $87.07 billion.
GateNews11m ago
Last week, Ethereum spot ETF saw a net inflow of $23.56 million, with BlackRock's ETHA experiencing a weekly net inflow of $133 million.
According to Gate News, as of March 6th, Ethereum spot ETFs saw a net inflow of $23.56 million last week, with BlackRock's ETHA performing notably, with a weekly net inflow of $133 million. Grayscale Ethereum Mini Trust had a weekly net inflow of $84.18 million, while Fidelity's FETH experienced a net outflow of $218 million. Currently, the total net asset value of Ethereum spot ETFs is $11.28 billion.
GateNews11m ago
Last week, SOL spot ETF had a net inflow of $24.05 million, while XRP spot ETF experienced a net outflow of $4.0855 million.
According to Gate News, on March 9th, last week, SOL spot ETF had a net inflow of $24.05 million, mainly contributed by Bitwise ETF BSOL with $33.94 million; XRP spot ETF experienced a net outflow of $4.0855 million. The total assets under management reached $807 million.
GateNews12m ago
BloFin Research: Circle Stablecoin Survives Bear Market, OCC Becomes the Biggest Critical Variable
BloFin Research report analyzes Circle's profit model, primarily driven by three factors: "interest rates, USDC scale, and distribution economics." However, OCC's new interpretation of the "GENIUS Act" could pose a serious threat to the collaboration between Circle and Coinbase, affecting USDC distribution efficiency. The report also notes that the stablecoin supply is decoupled from the crypto market prices, indicating that Circle's reserve income is more stable.
MarketWhisper57m ago
332.09 BTC transferred from an anonymous address to a certain CEX, valued at approximately $134 million
Gate News Report, March 9th, according to Arkham data, at 11:43, 332.09 BTC (worth approximately $134 million) was transferred from an anonymous address (starting with bc1qnzx...) to a certain CEX.
GateNews1h ago
Ethena team deposited 6,500 ETH to a certain CEX in the past 10 hours, with market maker B2C2 depositing 3,050 ETH.
Gate News Report, March 9 — According to The Data Nerd, within the past 10 hours, the Ethena team deposited 6,500 ETH (approximately $12.58 million) into a CEX. Additionally, cryptocurrency market maker B2C2 deposited 3,050 ETH (about $5.89 million) into another CEX.
GateNews1h ago
