ChinaAMC’s spot bitcoin ETF saw 75.36 BTC leave the product on Monday, while the other two ETFs recorded zero inflows, SosoValue data showed.
Hong Kong’s spot bitcoin exchange-traded funds recorded their first cumulative daily bitcoin outflows on Monday — solely from China Asset Management’s ETF — after debuting on the Hong Kong Stock Exchange on April 30.
The caveat with the SosoValue data is that ETF shares bought via in-kind subscriptions of "physical bitcoins" do not generate cash inflows denominated in dollar terms, so they are not included in daily net inflow statistics, the data provider clarified. Instead, the firm uses the bitcoin-inflow metric, which measures how many bitcoins actually flowed into or out of all ETFs on a specific trading day.
Farside Investors' data showed similar results. Its dashboard suggested that ChinaAMC’s spot bitcoin ETF saw an outflow of $4.9 million on Monday, while the other two experienced zero inflows.
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