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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Bitcoin and Ethereum ETFs in Hong Kong diverge

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Quick Take

Hong Kong ETFs

According to Farside data, the digital asset exchange-traded funds (ETFs) market in Hong Kong (HK) experienced a divergence in flows on May 8. While Bitcoin (BTC) ETFs saw overall inflows, Ethereum (ETH) ETFs saw outflows.

HK Crypto ETF Flow Table: (Source: Farside)
HK Crypto ETF Flow Table: (Source: Farside)

Farside data shows that the BTC ETFs in HK attracted a combined inflow of $6.3 million on May 8. Bosera’s BTC ETF led the way with a $6.2 million inflow, bringing its total net inflows to $15.8 million. AMC’s BTC ETF saw a $0.1 million inflow, totaling $3.6 million in net inflows. Harvest’s BTC ETF did not register any inflow or outflow on the day, but its total net inflow is $6.5 million. Collectively, the BTC ETFs in HK have amassed $25.9 million in total net inflows.

In contrast, the ETH ETFs in HK faced outflows on May 8. Bosera’s ETH ETF saw an outflow of $0.9 million, bringing its total net inflows to $8.1 million. AMC’s ETH ETF experienced an outflow of $0.8 million, totaling $2.2 million in net outflows. Harvest’s ETH ETF recorded a $0.2 million outflow, taking its total net outflow to $0.2 million. According to Farside data, the ETH ETFs in HK have seen a net inflow of $5.7 million.

Farside data indicates that the collective net inflows into BTC and ETH ETFs in HK have reached $31.6 million.

US ETFs

On May 8, activity was relatively subdued in the United States. Bitwise’s BITB ETF was the only one to register an inflow of $11.5 million, bringing its total net inflow to $1,759.6 billion. All other US ETFs saw no inflows or outflows. According to Farside data, the total net inflows for US ETFs stand at $11,778.2 billion.

US BTC ETF Data: (Source: Farside)
US BTC ETF Data: (Source: Farside)

The post Bitcoin and Ethereum ETFs in Hong Kong diverge appeared first on CryptoSlate.

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