Hong Kong’s spot bitcoin ETFs saw second daily net outflows since debut | Headlines | News | CoinMarketCap

05/10/2024 14:57
Hong Kong’s spot bitcoin ETFs saw second daily net outflows since debut | Headlines | News | CoinMarketCap

Spot Bitcoin exchange-traded funds in Hong Kong experienced their second daily net outflows on Thursday since debuting on April 30, with about 90.16 …

Spot Bitcoin exchange-traded funds in Hong Kong experienced their second daily net outflows on Thursday since debuting on April 30, with about 90.16 BTC exiting the ETFs.

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 …

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