Hong Kong’s Bitcoin ETF Experiences First Outflow Amid BTC’s Resurgence: A Deep Dive into BTC’s Market Dynamics

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• The China AMC Bitcoin ETF in Hong Kong registered the first day of outflow on Monday while other crypto ETFs recorded no flows amid low trading volumes.
• The China AMC Bitcoin ETF outflow amounted to $4.9 million.
• The other crypto ETFs in Hong Kong didn’t register any flows on Monday.

Despite Bitcoin’s price recovery, Hong Kong’s China AMC Bitcoin ETF noted an outflow for the first time since its debut, while other crypto ETFs recorded no flows.

Hong Kong Bitcoin & Ethereum ETF Flows

According to Farside UK, the China AMC Bitcoin ETF registered a significant outflow of $4.9 million on Monday. Meanwhile, the other Hong Kong Bitcoin and Ethereum ETFs witnessed “zero” flows. Moreover, the total trading volume of the six Hong Kong crypto ETFs was only $7.72 million, witnessing a slump from last week’s numbers.