According to Techub News, data from SoSoValue shows that yesterday (November 22), the net subscription volume of Bitcoin spot ETF in Hong Kong was 20.68 units, while the net subscription and redemption volume of Ethereum spot ETF was 0.
Currently, the total amount of assets held by the Hong Kong Bitcoin ETF is approximately 4,600 units, with a total net asset value of about 457.2 million USD. In terms of asset scale, Huaxia ETF holds approximately 2,600 units, while Bosera Hashkey and Harvest hold approximately 1,580 units and 414.49 units of Bitcoin, respectively.
Currently, the total amount of assets held by the Hong Kong Ethereum ETF is approximately 15,210 units, with a total net asset value of about 51.4 million USD. In terms of asset scale, Bosera Hashkey holds approximately 5,860 units of Ethereum, while Huaxia and Harvest hold approximately 6,540 units and 2,810 units of Ethereum, respectively.
(Note: Hong Kong crypto ETFs support a spot subscription and redemption mechanism; net subscriptions refer to the positive difference between subscription and redemption amounts over a certain period, meaning that buying exceeds selling, while the opposite indicates net redemptions.)
SoSoValue indicates that the Hong Kong BTC (or ETH) ETF supports cash subscriptions (in-cash) and spot subscriptions (in-kind). However, since the ETF shares subscribed through spot Bitcoin do not generate cash inflows for the Bitcoin asset, they cannot be simply counted in daily net inflow statistics.
Based on this, SoSoValue attempted to track the on-chain Bitcoin circulation paths, but was unable to successfully distinguish the ratio and amount of daily cash subscriptions versus spot subscriptions.
Therefore, the SoSoValue Hong Kong BTC (or ETH) ETF dashboard focuses on core tracking indicators such as the ETF's premium/discount rate relative to Bitcoin, the daily inflow of BTC (or ETH), the total issuance of ETF shares, and the total storage amount of BTC (or ETH) within the ETF.
