Key Points
- Hong Kong’s six spot Bitcoin and Ether ETFs recorded their highest net outflows since their launch on April 30.
- The three Bitcoin ETFs saw a combined net outflow of 519.5 BTC, while the three Ether ETFs saw an outflow of 2,270 ETH.
Hong Kong’s spot Bitcoin and Ether exchange-traded funds (ETFs) experienced their largest net daily outflows since their commencement on April 30.
Bitcoin ETFs
The three spot Bitcoin ETFs, managed by China Asset Management, Harvest, and a combination of Bosera and HashKey, saw a daily net outflow of 519.5 BTC on Monday, a significant increase from Friday’s outflow of 99.99 BTC.
China Asset Management’s 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.
As of Monday, these three ETFs held about 3,560 BTC, with total net assets reducing to $219.7 million from Friday’s $262.7 million.
Ether ETFs
The three spot Ether ETFs also saw their largest daily net outflows, with 2,270 ETH leaving the products on Monday.
In comparison, last Friday saw zero flows, and last Thursday saw an outflow of 471.25 ETH. The three ETFs recorded a total net outflow of $6.6 million in USD terms on Monday.
At the time of the report, Bitcoin was trading at around $62,400, an increase of 2.74% over the past 24 hours.
