Hong Kong Bitcoin Spot ETF had its first net redemption yesterday, with a net redemption of 75.36 BTC in a single day

Hong Kong Bitcoin Spot ETF had its first net redemption since it started trading on April 30. Yesterday (May 6), it had a net redemption of 75.36 Bitcoins in a single day, with a total of 4,150 Bitcoins held, a daily turnover of US$8.6 million, and total net assets of US$266 million.

In addition, Hong Kong Ethereum Spot ETF has maintained a single-day net subscription for 4 consecutive trading days. Yesterday, it had a net subscription of 999.75 Ethereums in a single day, with a total of 17,280 Ethereums held, a daily turnover of US$1.8 million, and total net assets of US$54.87 million.

(SoSoValue Note: Hong Kong Crypto ETF supports spot subscription and redemption mechanism. Net subscription means that the difference between the subscription amount and the redemption amount within a certain period of time is positive, that is, more purchases than sales, and vice versa is net redemption.)#香港比特币现货etf $BTC #香港以太坊ETF #BTC #ETH