According to data compiled by Farside Investors, Hong Kong’s Bitcoin and Ethereum spot ETFs experienced large outflows yesterday. Data show that issuers China Asset Management, Harvest International, Boshi International & Hashkey’s Bitcoin spot ETFs all experienced net outflows on Monday, totaling $32.7 million. On the other hand, the Ethereum spot ETF saw outflows of $6.6 million, also significantly higher than past figures.
After eight days of trading, investors have withdrawn more than $20 million from these six ETFs, which is a big difference from the grand occasion when U.S. spot ETFs first went public.
This Article Hong Kong Cryptocurrency ETF Net Outflows Surge! 6 ETFs saw net outflows of nearly 40 million mg in a single day appeared first on Zombit.