Hong Kong’s Bitcoin ETFs experienced their first setback after launching on April 30, following their first cumulative daily BTC outflows on Monday.
The outflow came from the China Asset Management Bitcoin ETF, while the other Hong Kong-based products had no flows.
Hong Kong ETFs See Modest Inflows
According to Farside data, the China AMC Bitcoin ETF saw an outflow of $4.9 million on Monday. In contrast, the other Bitcoin and Ethereum ETFs in Hong Kong reported “zero” flows apart from Bosera Ethereum ETF, which saw 3.2 million in inflow on Monday.
Following their launch last week, the three Hong Kong’s Bitcoin ETFs amassed $262 million in assets under management (AUM) within their first week.
Despite these significant AUM figures, the asset inflows for Hong Kong’s Bitcoin and Ethereum ETFs amounted to less than $14 million during their first launch week. This figure pales compared to the billions of dollars that flowed into U.S. spot Bitcoin ETFs back in January.
Meanwhile, t
We współpracy z: https://cryptopotato.com/hong-kong-bitcoin-etfs-see-first-outflows-since-launch/
