Hong Kong’s spot bitcoin exchange-traded funds recorded their first cumulative daily bitcoin outflows on Monday — solely from China Asset Management’s ETF — after debuting on the Hong Kong Stock Exchange on April 30.

ChinaAMC’s spot bitcoin ETF saw 75.36 BTC leave the product yesterday, while the other two ETFs recorded zero inflows. That came after the three funds logged an inflow of 3,910 BTC on their first trading day, according to SosoValue data.

The caveat with the SosoValue data is that ETF shares bought via in-kind subscriptions of "physical bitcoins" do not generate cash inflows denominated in dollar terms, so they are not included in daily net inflow statistics, the data provider clarified. Instead, the firm uses the bitcoin-inflow metric, which measures how many bitcoins …