🩸 #HongKong ETFs are gasping for breath!

After #Bitcoin dropped under $61k, Hong Kong’s spot Bitcoin and Ether ETFs saw heavy outflows of $32.7 million on Monday.

This number is much higher than previous outflows, recorded around $6 million.

It is also the first time all 6 crypto ETFs in Hong Kong reported negative flows since their launch on 2 May 2024.

Crypto #ETF outflows must stop for Hong Kong!

#BitcoinETFs #TrendingTopic