Ethereum

Bitcoin

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Hong Kong’s three spot Bitcoin ETFs experienced a net outflow of 25.63 BTC, with no new inflows in local Ether ETFs.</li>
 <li>Meanwhile, 11 spot Bitcoin ETFs in the U.S. reported the ninth consecutive day of inflows, totaling $107.91 million.</li>
</ul>
<p>Hong Kong’s spot <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> exchange-traded funds (ETFs) reported a net outflow of 25.63 BTC.</p>
<p>This outflow was solely attributed to the fund managed by China Asset Management, according to data from SosoValue.</p>
<p>As of the same day, the combined net assets of the three spot Bitcoin ETFs were valued at $254.74 million.</p>
<h2 id="ethereum-etfs-remain-stable">Ethereum ETFs Remain Stable</h2>
<p>On the other hand, the region’s three spot <a href="https://crypto.ro/en/cryptocurrencies/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> ETFs saw no new inflows or outflows.</p>
<p>This stability followed a previous inflow of 62.8 ETH.</p>
<p>As of Thursday, the total net assets of these three products were worth $50.83 million.</p>
<h2 id="u-s-bitcoin-etfs-continue-to-attract-inflows">U.S. Bitcoin ETFs Continue to Attract Inflows</h2>
<p>In contrast, the U.S. reported continuous inflows into its 11 spot Bitcoin ETFs for the ninth day in a row, drawing in $107.91 million.</p>
<p>This occurred as the U.S. Securities and Exchange Commission approved the 19b-4 forms for eight spot Ethereum ETFs amidst changing political dynamics.</p>
<p>Justin d’Anethan, head of APAC business development of crypto market maker Keyrock, noted that the ETH spot ETF in Hong Kong represents about 15% of the total local spot ETF AUM, with the remaining majority allocated to Bitcoin.</p>
<p>He suggested that a similar ratio might be expected in the U.S. or other countries.</p>
<p>This could be due to the lack of staking reward offered, making the spot ETH ETFs seem like an inferior investment product compared to native tokens.</p>
<p>At the time of reporting, Bitcoin traded down 3% over the past 24 hours at $67,254, while Ethereum decreased by 0.51% to $3,746.</p>

Exploring Stability in Hong Kong’s Ether ETFs Amid Bitcoin Fund Outflows

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