📉🚨 Shockwaves Hit Hong Kong's Bitcoin and Ethereum ETFs! 🚨📉

Following Bitcoin's dip below $61,000, Hong Kong's spot Bitcoin and Ethereum ETFs faced significant outflows. Today marked a historic moment as all six cryptocurrency ETFs reported negative flows for the first time since their May 2 launch. Notably, Harvest Global saw its first-ever outflow for its spot Bitcoin fund. With $32.7 million pulled out from Bitcoin ETFs and $6.6 million from Ethereum ETFs, it's clear investors are reacting to market volatility. Despite hopes of mainland Chinese investors entering the fray, rumors were quashed by the Hong Kong stock exchange. With assets totaling around $50 billion, Hong Kong's ETF market may be smaller than its US counterpart, but the ripples are felt far and wide. Stay tuned as the crypto saga unfolds! 💥 #CryptoWhirlwind #ETFShakeup #Bitcoin #Ethereum