Hong Kong’s spot bitcoin ETFs saw second daily net outflows since debut
The three spot bitcoin ETFs in Hong Kong saw about 90.16 BTC leave the products on Thursday, according to SosoValue.The total trading volume of the three ETFs amounted to $2.06 million on Thursday, down from $9.74 million on April 30, their first trading day.
China Asset Management’s spot Bitcoin ETF saw 80.16 BTC leave the product yesterday, while the Bosera HashKey Bitcoin ETF recorded an outflow of 10 BTC, according to data from SosoValue. Harvest’s spot Bitcoin ETF logged zero flows.
The three ETFs’ daily net outflows came after they recorded net inflows of 101.6 BTC on Wednesday and inflows of 99.99 BTC on Tuesday. The funds saw their first daily outflows on Monday, with 75.36 BTC flowing out of the products.
The three ETFs — managed by ChinaAMC, Harvest, and both Bosera and HashKey — held about 4,260 bitcoins as of Thursday, with total net assets amounting to $261.45 million, up from $247.7 million on the first day, according to SosoValue.
The total trading volume for the three ETFs amounted to $2.06 million on Thursday, down from $2.67 million the day before and $9.74 million on April 30, SosoValue data showed.
Farside Investors’ data suggested that the three spot Bitcoin ETFs recorded $5.5 million in total daily net outflows.
Meanwhile, the spot Bitcoin ETFs in the U.S. experienced a net outflow of $11.29 million on Thursday.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Useless Coin rallies 38% – Why $0.097 could be its next test
The “storage giants” distribute large dividends but fail to eliminate the “Korea discount”; investors question whether reforms in Korean stocks are sufficient
The dividends from Samsung and SK Hynix are testing South Korea's reform initiatives, as investors seek greater cash returns.
Bank of Japan Policy Board Member: Will Continue Raising Interest Rates to Ensure Price Trends Do Not Exceed 2%
Kazuyuki Masu, a member of the Bank of Japan's Policy Board, stated that the Bank of Japan will continue to raise its benchmark interest rate to ensure that the inflation trend does not exceed 2%.
Altseason 2026 Explodes as Liquidity Floods the Meme Ecosystem: 5 Crypto Gems That Could Ride the Next 100x Mania
Crypto prices
More
