According to Techub News, according to SoSoValue data, the net subscription and net redemption volumes of Hong Kong Bitcoin Spot ETF and Ethereum Spot ETF were 0 yesterday (December 4).
At present, the total assets held by Hong Kong Bitcoin ETFs are about 4,880, with a total net asset value of about US$471.58 million. In terms of asset size, China Asset Management ETF holds about 2,890, while Bose Hashkey and Harvest hold about 1,580 and 414.37 bitcoins respectively.
At present, the total amount of assets held by Hong Kong Ethereum ETF is about 15,820, and the total net assets are about 58.65 million US dollars. In terms of asset size, Bosera Hashkey holds about 5,860 Ethereum, Huaxia and Harvest hold about 7,150 and 2,810 Ethereum respectively.
(Note: The Hong Kong crypto ETF supports a spot redemption mechanism. Net subscription refers to a situation where the difference between the subscription amount and the redemption amount over a certain period is positive, meaning that buying is greater than selling; conversely, it is a net redemption if the amount is negative.)
SoSoValue indicates that the Hong Kong BTC (or ETH) ETF supports cash subscriptions (in-cash) and spot subscriptions (in-kind). Since the ETF shares subscribed through spot Bitcoin do not generate cash inflows for the Bitcoin asset, they cannot be simply included in daily net inflow statistics.
Based on this, SoSoValue attempted various methods including tracking the on-chain Bitcoin circulation path, but was unable to successfully distinguish the ratio and amount of daily cash subscriptions from spot subscriptions.
Therefore, the SoSoValue Hong Kong BTC (or ETH) ETF dashboard tracks core indicators such as the ETF's premium/discount rate relative to Bitcoin, daily inflow counts of BTC (or ETH), total number of ETF shares issued, and total storage volume of BTC (or ETH) within the ETF.
