Bitwise CEO Hunter Horsley predicts that wealth management firms will increase their holdings of Bitcoin exchange-traded funds (ETFs), a prediction made in anticipation of greater momentum for Bitcoin ETFs after the halving. He describes the adoption of Bitcoin ETFs by registered investment advisors (RIAs) and multi-family offices as "secret but significant." He points out that major financial entities are carefully evaluating the Bitcoin market.

According to Bitcoinist, Chainlink co-founder Sergey Nazarov said in an interview with Cointelegraph at the Token2049 event in Dubai that more ETFs related to other cryptocurrencies will be launched soon, in addition to Bitcoin and Ethereum. This could happen as early as this year, and these ETFs may continue to grow in the future.Ripple CEO Brad Garlinghouse expressed a similar view, stating that he "thinks there will be other ETFs." However, unlike Nazarov, he is not optimistic about this happening this year. Garlinghouse added that launching other cryptocurrency ETFs may require "a little time" because the US SEC is reserved about holding crypto assets.

The South China Morning Post reported that sources said the Hong Kong Securities and Futures Commission may approve Bitcoin and Ether spot trading exchange-traded funds (ETFs) as early as next Monday, although the specific time has not yet been determined and may still change at the last minute. Once approved by the Hong Kong Securities and Futures Commission and the Hong Kong Exchanges and Clearing Limited, the two companies plan to launch the above-mentioned funds at the end of this month. A spokesperson for the Hong Kong Exchanges and Clearing Limited responded when asked: "The Hong Kong Exchanges and Clearing Limited is committed to supporting the continued growth and development of its active ETF ecosystem. If there are any new developments, we will promptly inform the market." Spokespersons for the Hong Kong Securities and Futures Commission and CSOP Asset Management declined to comment, while HashKey and Bosera Funds did not immediately respond to requests for comment.

According to Yu Jin monitoring, on April 12, eleven BTC spot ETFs had a net outflow of $55.06 million, corresponding to a net outflow of about 824 BTC from ETF custody addresses after the US market opens on Monday (4/15): Outflow: Grayscale (GBTC) outflow of about 2,486 BTC (corresponding to a fund outflow of $166.21 million on 4/12); Inflow: BlackRock (IBIT) inflow of about 1,662 BTC (corresponding to a fund inflow of $111.15 million on 4/12). Currently, the eleven BTC spot ETFs hold a total of 841,806 BTC ($56.29 billion).

Australian asset management company Monochrome has announced that it has applied to global listed trading platform Cboe Australia for a spot Bitcoin ETF. If approved, Monochrome's Bitcoin ETF could become Australia's first spot Bitcoin ETF that allows direct holding of Bitcoin. The CEO of Monochrome Asset Management Company stated that a response to this application is expected from Cboe Australia by mid-year.

The total market value of Bitcoin ETFs (including spot and futures ETFs) is $62.092 billion, with a total assets under management (AUM) of $58.341 billion. Among them, the top three Bitcoin ETFs in terms of assets under management are: GBTC with assets under management of $23.748 billion; IBIT with assets under management of $17.243 billion; and FBTC with assets under management of $9.9 billion.

Coinbase Research Chief Analyst David Duong stated that after April 10th, the key 90-day review period for securities firms to conduct due diligence on new financial products will release a new wave of demand for spot ETF risk exposure. It is expected that Bitcoin will see an increase in the second quarter.

The United States securities regulator has postponed its decision on whether to approve Grayscale’s Ethereum Futures Trust ETF product until the end of May.

Blockchain analyst Yu Jin stated that BTC spot ETF had a net outflow of funds for all five trading days this week, with a total outflow of $887.75 million, corresponding to a decrease in BTC holdings of 13,596 coins. On March 22, ten BTC spot ETFs had a net outflow of $51.6 million, corresponding to a net outflow of about 807 BTC from the ETF custody address after the opening of the US stock market on Monday (March 25):

According to Spot On Chain monitoring, on March 22, 2024, the net outflow of the US spot Bitcoin ETF was $52 million.