Hong Kong’s Spot Bitcoin ETFs Experience Outflows

Reading Time: < 1 minute

On Thursday, Hong Kong’s three Bitcoin exchange-traded funds (ETFs) saw a total outflow of 25.63 BTC, while the spot ether ETFs reported no movement in their assets.

The outflow from the spot Bitcoin ETFs was exclusively from China Asset Management’s product, as reported by SosoValue.

As of Thursday, the total combined assets of the three spot Bitcoin ETFs were valued at $254.74 million. In comparison, the three spot ether ETFs in Hong Kong received no new assets on Thursday, after attracting 62.8 ETH on Wednesday.

The three products had a total of $50.83 million in net assets on Thursday. In the United States, the 11 spot Bitcoin ETFs experienced their ninth consecutive day of inflows, bringing in a total of $107.91 million on Thursday.

If you like our content and want to support us, please follow us on X, Facebook and Instagram and don’t miss the latest news!