Key Points
- US spot Bitcoin ETFs experienced a net outflow of over $51.5 million.
- Six spot Bitcoin and Ether ETFs debuted on the Hong Kong Stock Exchange.
US spot Bitcoin exchange-traded funds (ETFs) saw a significant decrease of over $51.5 million in net outflows.
The ARK 21Shares Bitcoin ETF and the Grayscale Bitcoin Trust were among the most affected, with outflows of $31.34 million and $24.66 million respectively. The Fidelity Wise Origin Bitcoin Fund also recorded a net outflow of $6.85 million.
Some Funds Experience Inflows
Despite the general trend, some Bitcoin ETFs saw net inflows. The Bitwise Bitcoin ETF recorded the highest net inflow of $6.84 million. Other funds like the Valkyrie Bitcoin Fund and Franklin Bitcoin ETF also experienced inflows of $2.67 million and $1.82 million respectively.
Since gaining regulatory approval and listing, US spot Bitcoin ETFs have collectively recorded nearly $12 billion in net inflows. However, volumes have been on a decline since peaking on March 5.
Hong Kong Stock Exchange Lists New ETFs
While US-listed spot Bitcoin ETFs have been in focus recently, the spotlight has shifted to the Hong Kong Stock Exchange. The exchange listed six spot Bitcoin and Ether ETFs.
These include the Bosera HashKey Bitcoin ETF, Bosera HashKey Ether ETF, ChinaAMC Bitcoin ETF, ChinaAMC Ether ETF, Harvest Bitcoin Spot ETF, and Harvest Ether Spot ETF.
