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Hong Kong’s Bitcoin and Ethereum spot ETFs suffered a total loss of blood for the first time! Nearly $40 million was withdrawn on Monday

王林
王林Original
2024-06-11 21:59:00914browse

Hong Kong’s Bitcoin and Ethereum spot ETFs suffered a total loss of blood for the first time! Nearly $40 million was withdrawn on Monday

Hong Kong Bitcoin and Ethereum spot ETFs recorded a large outflow of funds on Monday, with investors withdrawing more than US$39 million in total. This was also the first time that the six funds had suffered "comprehensive losses" since their listing. blood loss”.

FarsideInvestors data shows that the three Bitcoin spot ETFs of HuaXia, Harvest International, and Boshi HashKey had a total outflow of US$32.7 million on Monday, which was significantly higher than the previous outflow scale that had been hovering around US$6 million.

At the same time, all six cryptocurrency spot ETFs in Hong Kong experienced withdrawals on Monday, and the scale of capital outflows from the Ethereum spot ETF further expanded, with a total outflow of US$6.6 million from the three funds.

Hong Kong’s Bitcoin and Ethereum spot ETFs suffered a total loss of blood for the first time! Nearly $40 million was withdrawn on Monday

According to data from SoSoValue, the Hong Kong Bitcoin Spot ETF had a net redemption of 519.5 Bitcoins in a single day on Monday, and the total number of Bitcoins currently held is 3,560. , a single-day turnover of US$4.25 million. Although there were net redemptions for three consecutive days, the total net assets of the three funds still reached US$219 million.

As for the asset size of each fund, China Bitcoin ETF currently holds 1,690 Bitcoins, ranking first; Boshi HashKey Bitcoin ETF holds 989.93 Bitcoins; and Harvest International Bitcoin ETF holds 881.18 Bitcoins.

In addition, the Hong Kong Ethereum spot ETF had a net redemption of 2,270 Ether coins in a single day on Monday, with a total holdings of 13,350 Ether coins, a total single-day turnover of US$726,000, and the total net assets of the three funds Approximately US$39.12 million.

In terms of asset size, Boshi Hashkey Ethereum ETF currently holds 6,300 Ethereum coins; while Huaxia and Harvest International’s Ethereum ETFs hold 4,670 and 2,390 Ethereum coins respectively.

There have been rumors recently that Chinese investors can invest in cryptocurrency spot ETFs through Shanghai-Hong Kong Stock Connect. However, the Hong Kong Stock Exchange responded to the rumors on Monday and stated that the above statements were untrue.

However, Harvest International CEO Han Tongli pointed out last week that "as long as everything goes smoothly in the next two years," the company "does not rule out" applying to include its cryptocurrency spot ETF in the "Hong Kong Stock Connect".

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