Hong Kong’s Spot Bitcoin exchange-traded fund experienced its second daily net outflow on Thursday since its launch on April 30, with approximately 90.16 BTC leaving the ETF.
According to data from SosoValue, China Asset Management’s spot Bitcoin ETF saw 80.16 BTC leave the product yesterday, while the Bosera HashKey Bitcoin ETF recorded an outflow of 10 BTC. Harvest’s spot Bitcoin ETF recorded zero flows.
The three ETFs’ daily net outflows follow net inflows of 101.6 BTC on Wednesday and 99.99 BTC on Tuesday. The fund recorded its first daily outflow on Monday, with 75.36 BTC flowing out of the product.
According to SosoValue, three ETFs managed by ChinaAMC, Harvest, Bosera and HashKey held about 4,260 bitcoins as of Thursday, with total net assets reaching $261.45 million, up from $247.7 million on the first day.
Total trading volume for the three ETFs was $2.06 million on Thursday, down from $2.67 million the previous day and $9.74 million on April 30, according to Small Value data.
According to data from Farside Investors, three spot Bitcoin ETFs recorded a total daily net outflow of $5.5 million.
Meanwhile, U.S. spot Bitcoin ETFs experienced net outflows of $11.29 million on Thursday.
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