Hong Kong’s spot bitcoin and ether ETFs experience largest net daily outflows since debut
The three spot bitcoin ETFs saw 519.5 BTC leave the products on Monday, while the three spot ether ETFs recorded a total daily net outflow of 2,270 ETH.These marked the largest outflows since their debut 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 bitcoin ETFs recorded $32.7 million in total daily net outflows, compared to an outflow of $6.3 million last Friday.
The other three spot ether ETFs also experienced their largest daily net outflows. They saw 2,270 ETH exit the products on Monday, while last Friday logged zero flows and last Thursday saw an outflow of 471.25 ETH. In USD terms, the three ETFs recorded a total net outflow of $6.6 million on Monday, Farside data showed.
Bitcoin was changing hands at around $62,400, up 2.74% over the past 24 hours, as of 11:20 p.m. ET on Monday, according to The Block’s Price Page .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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