Hong Kong Crypto ETFs Lose 519.5 BTC in One Day
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14 May

Hong Kong's six Bitcoin and Ether spot exchange-traded funds on Monday experienced their largest daily net outflows since their debut on April 30.

The trio of spot Bitcoin ETFs, managed by China Asset Management (ChinaAMC), Harvest and Bosera along with HashKey, posted combined net outflows of 519.5 BTC on Monday, up from the 99.99 BTC outflow recorded on Friday, according to SosoValue data.

The largest outflow was in the ChinaAMC spot Bitcoin ETF, at 251.65 BTC, followed by 147.86 BTC from Harvest and 119.99 BTC from Bosera HashKey.

The three spot Bitcoin ETFs collectively saw $32.7 million in net outflows on Monday, up sharply from $6.3 million last Friday.

As for Ether, the three spot ETFs also saw collective net outflows of 2,270 ETH.

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