Hong Kong Bitcoin and Ethereum ETFs face record single-day outflows

Quick Take

According to Farside data, the Hong Kong (HK) Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) experienced the largest single-day outflow since launch.

BTC ETFs

Farside data reports that the BTC ETFs witnessed a staggering $25.3 million in combined outflows on May 13, marking the largest single-day outflow since their launch.

AMCi saw a $15.5 million outflow, bringing its total outflows to $16.8 million. Meanwhile, Harvest recorded a $9.8 million outflow, and Bosera experienced an outflow of $7.4 million — bringing the two companies’ total flows to $3.3 million outflows for the former and $1.5 million inflow for the latter.

Hong Kong BTC ETFs have seen a total of $11.2 million in outflows since launch.

ETH ETFs

Farside data shows that the ETH ETFs were not spared from the sell-off, with a combined outflow of $6.0 million on May 13.

AMC’s ETH ETF experienced a $3.0 million outflow, raising its total outflows to $5.2 million, while Harvest saw a $3.0 million outflow, totaling $4.6 million in outflows.

Bosera’s outflows for the day stood at $600,000, bringing its total flows to $7.5 million inflow.

Overall, the BTC and ETH ETFs in HK have witnessed a combined outflow of $12.9 million since launch.

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