Hong Kong’s spot bitcoin ETFs saw daily outflows, local ether ETFs stable with no new flows | Headlines | News | CoinMarketCap
05/24/2024 13:23
Hong Kong’s three spot bitcoin exchange-traded funds recorded a net outflow of 25.63 BTC on Thursday, while the region’s spot ether ETFs reported …
Hong Kong’s three spot bitcoin exchange-traded funds recorded a net outflow of 25.63 BTC on Thursday, while the region’s spot ether ETFs reported zero flows.
The spot bitcoin ETFs’ outflow was solely contributed by the product managed by China Asset Management, which saw 25.63 BTC flow out of the fund, according to data from SosoValue. As of Thursday, the total net assets of the three spot bitcoin ETFs amounted to $254.74 million.
The city’s three spot ether ETFs saw zero flows on Thursday after they brought in 62.8 ETH on Wednesday. The three products had total net assets worth $50.83 million as of Thursday.
Meanwhile, in the U.S., the 11 spot bitcoin ETFs reported the ninth consecutive day of inflows on Thursday — drawing in $107.91 million.
On Thursday, the U.S. Securities …