On Monday, May 13, Bitcoin and Ethereum exchange-traded funds in Hong Kong saw a total outflow of $39.3 million, according to preliminary data from Farside Investors. This is the largest outflow of funds since the products launched on the Hong Kong exchange on May 2.

Bitcoin spot funds from Bosera, China Asset Management and Harvest lost a combined $32.7 million, while Ethereum funds from the same issuers lost $6.6 million.

However, in the US the situation looks more optimistic: on May 13, Bitcoin exchange-traded funds saw a daily influx of $66 million.

It is important to note that the cryptocurrency markets gained about 2% on the day, reaching a total capitalization of $2.40 trillion at the time of writing. Bitcoin reached $63,000 in early trading in Asia on Tuesday morning, but then retreated slightly to trade at $62,500.