Bitcoin ETFs in the U.S. attract $787 million, while Ethereum ETFs gain $80.2 million influx on KuCoin

Last week saw a positive performance for crypto spot ETFs, with U.S. Bitcoin spot ETFs witnessing a net inflow of $787 million. This inflow over three days brought the total assets under management to $83.4 billion. In total, nine ETFs experienced net inflows, with IBIT, GBTC, and BITB leading the way with inflows of $503 million, $89.4 million, and $68.3 million, respectively. The data source for this information is Farside Investors.

Spot Ethereum ETFs in the United States also saw a notable increase, with net inflows totaling $80.2 million last week. The total assets under management for Ethereum spot ETFs reached $10.96 billion. The primary inflows for Ethereum spot ETFs came from Grayscale’s ETHE, with net inflows of $40.5 million. All six spot Ethereum ETFs experienced net inflows, based on data from Farside Investors.

In Hong Kong, Bitcoin spot ETFs recorded a net inflow of 12.73 Bitcoin, with a total net asset value of $262 million. Harvest Bitcoin saw a decrease in holdings to 219.69 Bitcoin, while China Asset Management’s holdings increased to 2,510 Bitcoin. The Hong Kong Ethereum spot ETF saw a net inflow of 908.78 ETH, with a net asset value of $65.43 million, as reported by SoSoValue.

Looking at the performance of crypto spot ETF options, the total notional volume of U.S. Bitcoin spot ETF options was $1.04 billion as of February 27, with a total notional long-to-short ratio of 1.44. The notional open interest of U.S. Bitcoin spot ETF options reached $22.35 billion as of February 26, with a net long-to-short ratio of 1.53. Overall sentiment for short-term trading activity in Bitcoin spot ETF options has turned bearish, with an implied volatility of 50.36%, according to SoSoValue.

Highlights from last week include major Bitcoin ETF holders and treasury firms purchasing $60,000 in protective put options as a hedge against potential price drops below that level. The interest in these put options indicates a growing demand for medium- to long-term downside protection. In the Ethereum ETF market, the Harvard Endowment Fund emerged as the largest new buyer in Q4 2025, while Nasdaq applied to list the VanEck JitoSOL ETF, backed by Solana-based liquid staking tokens.

University endowments, including Harvard and Brown University, have started allocating funds to Bitcoin and Ethereum ETFs in response to compressed expected returns on traditional assets. This move signifies a shift in investment strategies as institutions explore new avenues for investment. Additionally, 21Shares’ spot SUI ETF has begun trading on Nasdaq, offering U.S. investors exposure to SUI through regulated means, approved by the U.S. Securities and Exchange Commission.

In the analysis of crypto ETFs, The ETF Store CEO Nate Geraci noted that a 50% drawdown in Bitcoin is not uncommon and that ETF investors continue to buy the dip, indicating confidence in the market. Bloomberg analyst Eric Balchunas highlighted significant inflows into Bitcoin ETFs, suggesting a potential rebound, although the sustainability of this trend remains to be seen.