Hong Kong’s Bitcoin ETFs (BTC) Encounter First Withdrawals Since Inception: A Deep Dive into Crypto Market Trends

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Hong Kong’s Bitcoin ETFs experience their first setback with an outflow from the China Asset Management Bitcoin ETF.
Despite this, the three Bitcoin ETFs in Hong Kong amassed $262 million in assets under management within their first week.
However, these figures are modest compared to the billions that flowed into U.S. spot Bitcoin ETFs earlier this year.

Hong Kong’s Bitcoin ETFs face their first hurdle, experiencing an outflow from the China AMC Bitcoin ETF. Despite this, the ETFs have amassed a significant $262 million in assets under management within their first week.

First Outflow for Hong Kong Bitcoin ETFs

The China AMC Bitcoin ETF saw an outflow of $4.9 million on Monday, according to data from Farside. In contrast, the other Bitcoin and Ethereum ETFs in Hong Kong reported no flows, apart from the Bosera Ethereum ETF which saw an inflow of $3.2 million on the same day. Despite these significant assets under management figures, the asset inflows for Hong Kong’s Bitcoin and Ethereum ETFs amounted to less than $14 million during their first launch week. This figure is modest compared to the billions that flowed into U.S. spot Bitcoin ETFs back in January.

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