Bitcoin ETF

Bitcoin

April

Daily

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Hong Kong’s six spot Bitcoin and Ether ETFs recorded their highest net outflows since their launch on April 30.</li> 
 <li>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.</li> 
</ul>  
<p>Hong Kong’s spot Bitcoin and Ether exchange-traded funds (ETFs) experienced their largest net daily outflows since their commencement on April 30. </p> 
<h2 id="bitcoin-etfs">Bitcoin ETFs</h2> 
<p>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. </p> 
<p>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. </p> 
<p>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. </p> 
<h2 id="ether-etfs">Ether ETFs</h2> 
<p>The three spot Ether ETFs also saw their largest daily net outflows, with 2,270 ETH leaving the products on Monday. </p> 
<p>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. </p> 
<p>At the time of the report, <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/">Bitcoin</a> was trading at around $62,400, an increase of 2.74% over the past 24 hours.</p>

Unprecedented Daily Withdrawals Hit Hong Kong’s Bitcoin and Ether ETFs Since Inception

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