According to Techub News, SoSoValue data shows that yesterday (August 15), the net subscription of Hong Kong Bitcoin spot ETF was 8.02 pieces, and the net subscription and redemption of Ethereum spot ETF was 0.
At present, the total amount of assets held by Hong Kong Bitcoin ETF is about 4,200, with a total net asset of about US$240 million. In terms of asset size, Huaxia ETF holds about 2,080, Bosera Hashkey and Harvest hold about 1,630 and 500.51 bitcoins respectively.
At present, the total amount of assets held by Hong Kong Ethereum ETF is about 14,560, and the total net assets are about 38 million US dollars. In terms of asset size, Huaxia ETF holds about 5,980 Ethereum, Bosera Hashkey and Harvest hold about 5,890 and 2,700 Ethereum respectively.
(Note: Hong Kong crypto ETFs support spot subscription and redemption mechanisms. Net subscription refers to 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 for net redemption.)
SoSoValue stated that the Hong Kong BTC (or ETH) ETF supports cash subscription (in-cash) and spot subscription (in-kind). At the same time, since the ETF shares subscribed through spot Bitcoin do not generate cash inflows for Bitcoin as an asset, they cannot be simply included in statistical calibers such as daily net inflows.
Based on this, SoSoValue tried methods including tracking the Bitcoin circulation path on the chain, but failed to successfully distinguish the ratio and amount of daily cash subscription and spot subscription.
Therefore, the SoSoValue Hong Kong BTC (or ETH) ETF dashboard uses the ETF's premium or discount rate relative to Bitcoin, the number of daily BTC (or ETH) inflows, the total number of ETF shares issued, and the total storage volume of BTC (or ETH) in the ETF as core tracking indicators.
