Day Two Data Reveals Performance of Hong Kong’s Bitcoin ETFs: An In-Depth Analysis (BTC)
- Hong Kong’s Bitcoin exchange-traded funds (ETFs) experienced a significant drop in Bitcoin inflows on their second trading day.
- The ETFs, managed by China Asset Management (ChinaAMC), Harvest, Bosera, and HashKey, saw inflows of 174.73 BTC ($10.3 million), compared to 3,910 BTC ($240 million) on the first trading day.
- Despite the drop, trading volume remained steady at over $9.7 million on both days, according to data from SoSoValue.
Hong Kong’s Bitcoin ETFs see a sharp drop in inflows on their second trading day, with trading volume remaining steady despite the decline.
Significant Drop in Bitcoin Inflows for Hong Kong’s Spot ETFs
On their second trading day, Hong Kong’s three spot Bitcoin ETFs saw a significant drop in Bitcoin inflows. Managed by China Asset Management (ChinaAMC), Harvest, Bosera, and HashKey, the ETFs saw inflows of 174.73 BTC ($10.3 million), a stark contrast to the 3,910 BTC ($240 million) inflow on the first trading day.
Steady Trading Volume Despite Drop in Inflows
According to data from SoSoValue, despite the drop in inflows, the trading volume remained steady at over $9.7 million on both days. SoSoValue explained that the purchase of physical Bitcoin does not create a dollar-denominated cash inflow for the purchased... Read the full article for FREE at COINOTAG!
