Hong Kong’s Spot Bitcoin ETFs Experience Outflows

Chris Smith News
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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.

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