Hong Kong’s spot bitcoin and ether ETFs experience largest net daily outflows since debut | Headlines | News | CoinMarketCap
05/14/2024 10:49
Hong Kong’s six spot bitcoin and ether exchange-traded funds recorded their largest net outflows on Monday since debuting on April 30. The three …
Hong Kong’s six spot bitcoin and ether exchange-traded funds recorded their largest net outflows on Monday since debuting on April 30.
The three spot bitcoin ETFs — managed by China Asset Management (ChinaAMC), Harvest, and both Bosera and HashKey — saw a combined daily net outflow of 519.5 BTC on Monday, compared to Friday’s outflow of 99.99 BTC, according to data from SosoValue.
ChinaAMC’s spot bitcoin ETF led the outflows with 251.65 BTC leaving the product, followed by Harvest’s outflow of 147.86 BTC and Bosera HashKey’s 119.99 BTC. The three ETFs held about 3,560 BTC as of Monday, with total net assets shrinking to $219.7 million, compared to Friday's $262.7 million, according to SosoValue.
Farside Investors’ data showed similar results. Its dashboard suggested that the three spot …