Hong Kong’s Bitcoin ETFs Experience 2nd Daily Net Outflows
Hong Kong’s spot Bitcoin exchange-traded funds (ETFs) experienced their second consecutive day of net outflows on Thursday.
Hong Kong’s spot Bitcoin exchange-traded funds (ETFs) experienced their second consecutive day of net outflows on Thursday.
The US Securities and Exchange Commission (SEC) has granted a further extension for the consideration of a proposal from Invesco and Galaxy to launch an Ethereum-based spot ETF.
After just one week, Hong Kong’s spot Bitcoin ETFs have collected $230 million in assets under management (AUM).
The Securities and Exchange Commission in the United States has extended its review timeline for NYSE Arca’s application to list a carbon-neutral spot Bitcoin exchange-traded fund (ETF) offered by 7RCC.
On May 1, the outflow from Bitcoin ETFs on the market reached its highest level since the products were approved, amounting to $563.8 million.
The new US ETFs experienced a net outflow of $343.5 million in April, breaking their streak of three months with inflows.
Today marks the launch of six new Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange, making them the first spot crypto ETFs in Asia.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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