Bitcoin ETFs Experience Outflows in Hong Kong, while Ether ETFs Remain Stable
- Hong Kong's spot bitcoin ETFs had a net outflow of 25.63 BTC on Thursday.
- China Asset Management's product contributed to the outflow.
- U.S. spot bitcoin ETFs saw inflows for the ninth consecutive day.
- SEC approved 8 spot Ethereum ETFs amid changing political dynamics.
- Bitcoin traded down 3% at $67,254, while ether edged down 0.51% to $3,746.
- The Block is an independent media outlet with financial disclosures.
Summary :
Hong Kong's three spot bitcoin exchange-traded funds (ETFs) experienced a net outflow of 25.63 BTC on Thursday, with China Asset Management's product accounting for the entire outflow. The total net assets of the three spot bitcoin ETFs stood at $254.74 million. On the other hand, the spot ether ETFs in Hong Kong reported zero flows after attracting 62.8 ETH the previous day. The three spot ether ETFs had total net assets of $50.83 million. In the US, 11 spot bitcoin ETFs saw inflows for the ninth consecutive day, with $107.91 million being drawn in. The US Securities and Exchange Commission approved the 19b-4 forms for eight spot Ethereum ETFs. Bitcoin's price declined by 3% to $67,254, while ether's price decreased by 0.51% to $3,746.
Sources :
- TheBlock
