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Hong Kong's three spot Bitcoin exchange-traded funds (ETFs) experienced a significant decline in Bitcoin inflows on the second trading day.
<h2 id="bitcoin-inflows-into-hong-kong-s-spot-etfs-drop-on-second-trading-day">Bitcoin Inflows into Hong Kong's Spot ETFs Drop on Second Trading Day</h2>
ETFs managed by China Asset Management (ChinaAMC), Harvest, Bosera, and HashKey saw inflows of 174.73 BTC ($10.3 million), compared to inflows of 3,910 BTC ($240 million) on the first day of trading.
Despite the drop, trading volume remained steady at over $9.7 million on both days, according to SoSoValue data.
SoSoValue clarified that physical Bitcoin ETF shares purchased do not generate dollar-denominated cash inflows. Therefore, these are not included in the daily net entry statistics.
The firm instead uses a BTC inflow metric, which measures the actual amount of bitcoin entering or leaving all ETFs on a given trading day.
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As of Thursday, the ETFs held approximately 4,000 BTC, with total net assets decreasing slightly from $247.7 million on the first day to $235.7 million. May 1 was a public holiday in Hong Kong and markets were closed.
Among the three spot Bitcoin products, the ChinaAMC Bitcoin ETF had the largest net assets at approximately $115.6 million. Harvest's ETF had about $62.4 million and the Bosera HashKey Bitcoin ETF had about $57.7 million.
Unlike the Hong Kong market, spot Bitcoin ETFs in the US experienced net outflows of $34.4 million today, following record outflows of $563.7 million the day before.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/second-day-of-data-on-hong-kong-bitcoin-etfs-arrived-what-is-the-situation-according-to-the-first-day-data-here-are-the-details/" rel="noopener noreferrer nofollow">Second Day of Data on Hong Kong Bitcoin ETFs Arrived! What is the situation according to the first day data! Here are the Details</a>

Second Day of Data on Hong Kong Bitcoin ETFs Arrived! What is the situation according to the first day data! Here are the Details

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