U.S. Bitcoin and Ethereum spot ETFs experienced substantial net inflows last week, with Bitcoin ETFs seeing $459 million in net inflows over two days, bringing their total net asset value to $11.695 billion. The primary contributors to these inflows were IBIT, FBTC, and BITB, which received $324 million, $106 million, and $41.6 million, respectively. Meanwhile, Ethereum spot ETFs recorded $160 million in net inflows over three days, with Grayscale ETHE accounting for $103 million of this total, raising their net assets to $1.905 billion. In contrast, Hong Kong's Bitcoin and Ethereum spot ETFs faced net outflows, with Bitcoin ETFs losing 14.09 Bitcoins and Ethereum ETFs seeing a net outflow of 273.34 Ethereum. The total net asset values for these ETFs stood at $337 million and $96.15 million, respectively. Additionally, the U.S. Bitcoin spot ETF options market showed increased trading activity, with a total notional trading volume of $1.36 billion and a bullish sentiment indicated by a long-short ratio of 2.45. In other developments, Bitwise submitted applications for 11 new cryptocurrency ETFs to the U.S. SEC, and Defiance launched an ETF tracking Bitcoin miner Bitfarms. Grayscale also filed for a BitTensor spot ETF, expanding its crypto ETF offerings.