According to PANews, data from SoSo Value indicates that the Hong Kong Bitcoin Spot ETF experienced its first net redemption since it began trading on April 30. On May 6, the single-day net redemption of Bitcoin was 75.36, with a total Bitcoin holding of 4150. The single-day transaction amount was $8.6 million, and the total net assets were $266 million.
In contrast, the Hong Kong Ethereum Spot ETF maintained a single-day net purchase for four consecutive trading days. On the same day, the single-day net purchase of Ethereum was 999.75, with a total Ethereum holding of 17280. The single-day transaction amount was $1.8 million, and the total net assets were $54.87 million.
It's worth noting that the Hong Kong crypto ETF supports a spot application and redemption mechanism. Net purchase refers to a positive difference between the purchase amount and the redemption amount within a certain period, meaning more purchases than sales. Conversely, net redemption means more sales than purchases.
