Hong Kong’s Bitcoin ETFs Experience First Withdrawals: ChinaAMC Leads the Exodus

CoinMarketCap05-07

Key Points Hong Kong’s spot bitcoin ETFs experienced their first outflows, exclusively from China Asset Management’s ETF. The three ETFs managed by ChinaAMC, Harvest, and both Bosera and HashKey held...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong’s Bitcoin ETFs Experience First Withdrawals: ChinaAMC Leads the Exodus\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-07 15:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/6639dac43b22ee76eeda8c4b/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Points\n\nHong Kong’s spot bitcoin ETFs experienced their first outflows, exclusively from China Asset Management’s ETF.\nThe three ETFs managed by ChinaAMC, Harvest, and both Bosera and HashKey held...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/6639dac43b22ee76eeda8c4b/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GBTC","symbol_name":"Grayscale Bitcoin Trust","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/6639dac43b22ee76eeda8c4b/","article_id":"2433074242","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/f9ae6b4a9667400682e24007b984d747.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433074242","pubTimestamp":1715067581,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Key Points Hong Kong’s spot bitcoin ETFs experienced their first outflows, exclusively from China Asset Management’s ETF. The three ETFs managed by ChinaAMC, Harvest, and both Bosera and Hash","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","BITO":"ProShares Bitcoin Strategy ETF","BTCO":"Invesco Galaxy Bitcoin ETF","BRRR":"Valkyrie Bitcoin Fund","EZBC":"Franklin Bitcoin ETF","BK4585":"ETF&股票定投概念","BITB":"Bitwise Bitcoin ETF","IBIT":"iShares Bitcoin Trust","DEFI":"Hashdex Bitcoin ETF","BTCW":"WisdomTree Bitcoin Fund","BK4594":"比特币ETF概念","BK4588":"碎股","BK4550":"红杉资本持仓","FDN":"First Trust Dow Jones Internet I","FBTC":"Fidelity Wise Origin Bitcoin Fund","HODL":"VanEck Bitcoin Trust ETF"},"translate_title":"香港比特币交易所交易基金首次退出：中国资产管理公司率先退出","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTCO":1,"IBIT":1,"HODL":1,"GBTC":1,"FBTC":1,"EZBC":1,"DEFI":1,"BTCW":1,"BITB":1,"BRRR":1,"BITO":1,"FDN":0.9},"content_text":"Key Points\n\nHong Kong’s spot bitcoin ETFs experienced their first outflows, exclusively from China Asset Management’s ETF.\nThe three ETFs managed by ChinaAMC, Harvest, and both Bosera and HashKey held about 4,150 bitcoins as of Monday.\n\nHong Kong’s spot Bitcoin exchange-traded funds (ETFs) had their first cumulative daily bitcoin outflows recorded on Monday.\nThe outflows were solely from the ETF managed by China Asset Management, which debuted on the Hong Kong Stock Exchange on April 30.\nBitcoin Outflows and Inflows\nThe ChinaAMC spot bitcoin ETF saw an outflow of 75.36 bitcoins on Monday, while the other two ETFs saw no inflows.\nThis happened after the three funds recorded an inflow of 3,910 bitcoins on their first trading day, as per data from SosoValue.\nSosoValue clarified that its data does not include ETF shares bought via in-kind subscriptions of “physical bitcoins” as these do not generate cash inflows in dollar terms.\nInstead, the firm uses a bitcoin-inflow metric to measure how many bitcoins actually flowed into or out of all ETFs on a specific trading day.\nETFs’ Bitcoin Holdings\nAs of Monday, the three ETFs managed by ChinaAMC, Harvest, and both Bosera and HashKey held about 4,150 bitcoins.\nTheir total net assets amounted to $266.8 million, up from $247.7 million on the first day.\nFarside Investors’ data showed similar results, indicating that ChinaAMC’s spot bitcoin ETF saw an outflow of $4.9 million on Monday, while the other two saw no inflows.\nThe total trading volume for the three ETFs reached $8.6 million on Monday, up from $8.01 million the previous Friday.\nIn contrast, spot bitcoin ETFs in the U.S. saw a net inflow of $217.06 million on Monday, with Grayscale’s GBTC fund recording its second daily net inflow.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2433074242"}