New Crypto Regulations Unveiled: Hong Kong Announces 17 Trading Platform Applicants
Hong Kong’s SFC reveals 17 crypto platform license applicants under new regulations; only two fully licensed.
EdmundLog in/ Sign up
After US Spot ETFs, Hong Kong ETFs Experience Ongoing Outflows
Follow
Spot Bitcoin exchange-traded funds (ETFs) in Hong Kong witnessed their second consecutive day of net outflows on Thursday since their debut on April 30, with approximately 90.16 BTC outflowing from the ETFs.
Key Outflow Details
China Asset Management's spot Bitcoin ETF observed the majority of the outflows on Thursday, with 80.16 BTC leaving the product, as per data from SosoValue. Bosera HashKey Bitcoin ETF recorded an outflow of 10 BTC, while Harvest's spot Bitcoin ETF saw no inflows during the same period.
This recent trend represents a reversal from earlier patterns, as the three ETFs recorded net inflows of 101.6 BTC on Wednesday and 99.99 BTC on Tuesday. However, the funds experienced their first daily outflow on Monday, with an outflow of 75.36 BTC.
Despite the outflows, the combined assets under management for the three ETFs showed total net assets of approximately 4,260 Bitcoins and $261.45 million as of Thursday. This reflects a notable increase from the initial total net assets of $247.7 million recorded on the first day of trading.
Data from Farside Investors indicated that the three spot Bitcoin ETFs collectively experienced $5.5 million in total daily net outflows, highlighting a recent shift in investor behavior within the Hong Kong ETF market.
Bitcoin has seen a minor uptrend today, with its trading price reaching $63,246 USD at the time of writing.
Gain a broader understanding of the crypto industry through informative reports, and engage in in-depth discussions with other like-minded authors and readers. You are welcome to join us in our growing Coinlive community:https://t.me/CoinliveHQ
Add Comment
LoginLeave your comments
0 Comments
Earliest
Load more comments
Related News
- Edmund
El Salvador’s President Re-elected Amid Economic Challenges
Re-elected Bukele vows to revive El Salvador’s economy amidst rising public debt and Bitcoin ambitions.
Huang BoDMM Bitcoin's Wallet with $300 Million Worth of Bitcoin Stolen, Platform Imposes Restrictions on Some Services
DMM Bitcoin reports $300 million Bitcoin theft. Unauthorized withdrawals prompt service restrictions. Investigations underway, with plans to replenish stolen funds. Customer holdings remain intact. Further updates pending.
Huang BoBitcoin Whale Indicator Flashes Signal Last Seen Before 480% Surge In Mid-2020
Bitcoin's market mirrors mid-2020: stagnant prices, high whale activity. Institutional accumulation suggests potential for significant price movements.
Xu LinBitcoin Surges Following US GDP Data Release
Bitcoin market experiences volatility amid release of U.S. GDP data. Initial figures below expectations dampen sentiment, but revised data boosts optimism. Despite GDP growth of 1.3%, concerns remain over inflation and Fed policy, impacting investor behavior.
Huang BoBlackRock's iShares Bitcoin Trust: Leading the Global Crypto Fund Race
iShares Bitcoin Trust dominates crypto market, surpassing Grayscale with $20B assets. ETFs thrive despite volatility, reshaping digital asset landscape.
Xu LinConsidering Researchers Recovering an 11-Year-Old Password, Can Crypto Wallets Be Deemed Secure?
Cryptocurrency owner Michael regained access to his forgotten Bitcoin wallet with current value amounting to millions after hackers used educated guesses and a stroke of luck to recover his password. Meanwhile, growing concerns over online fraud prompt banks like Kroo to ban cryptocurrency transactions, emphasising the need for caution in the volatile crypto market.
WeatherlyBlackRock's IBIT Surpasses Grayscale to Become Largest Bitcoin Fund
New Solana memecoin OVERPIZZ aims for explosive growth, listing on KuCoin soon. Early investors eye multi-million returns, capitalizing on unique advantages and market dynamics.
Huang BoBlackRock's Funds Invest in Own Bitcoin ETF
BlackRock funds invest in their own Bitcoin ETF as spot Bitcoin ETFs gain significant traction among major investors.
Xu LinMichael Saylor Strikes a Chord: Bitcoin's Message Echoes Amidst Price Volatility
Saylor's tweet highlights Bitcoin's transformative potential amid market uncertainty sparked by Mt. Gox's Bitcoin movements. It emphasizes resilience and belief in Bitcoin's long-term value despite fluctuations.
Huang Bo
More news about digital miner tag
- Bitcoin Miner Marathon Digital CFO to Retire May 12Bullish1Bearish1
- Listed Miner Bit Digital Expands to CanadaBullishBearish
More news about digital miner tag
Binance Boosts Market with Bonk (BONK) Listing and Seed Tag Introduction
Binance lists Bonk (BONK) on December 15, offering BONK/USDT, BONK/FDUSD, BONK/TRY trading pairs, and adds BONK to isolated margin trading within 48 hours.
BerniceFilecoin Miner RRMine Global Leaves China for Singapore
China banned crypto trading and mining last year.
CoindeskDigital Dollar Project launches CBDC sandbox with Digital Asset, Ripple, others
The Digital Dollar Project is launching a central bank digital currency (CBDC) Technical Sandbox Program in October. The U.S...
LedgerinsightsUniswap Foundation proposal gets mixed reaction over $74M price tag
The largest DEX in the world could be supported by a new $74 million foundation if a new proposal from two community members passes a vote later this month.
CointelegraphSwiss luxury watchmaker TAG Heuer introduces NFT-enabled smartwatch
Watches, blockchain and NFTs combine with the launch of TAG Heuer’s new luxury wearable.
CointelegraphTAG Heuer has an NFT smartwatch: Nifty Newsletter, June 15–21
Yahoo Hong Kong executive Lorraine Cheung said that activities in the Metaverse are seen by Hong Kong residents as a good alternative to social interaction amid the pandemic.
CointelegraphBitcoin Miner Revenues Now 61% Lower Than Past Year Average
Data shows Bitcoin miner revenues have been coming under stress recently as they are now making 61% less than the ...
BitcoinistTag Heuer Launched A New Feature, NFT Display On Watches
Tag Heuer has launched a new feature which is typically a smartwatch feature that shall let these watches display the ...
BitcoinistLBank Exchange Will List Tagcoin (TAG) on June 1, 2022
INTERNET CITY, DUBAI, May. 31, 2022 – LBank Exchange, a global digital asset trading platform, will list Tagcoin (TAG) on ...
BitcoinistNow You Can Pay In Crypto And Buy A Tag Heuer Watch Online
Tag Heuer, the Swiss luxury watch brand will now be accepting crypto payments. These crypto payments will however only be ...
Bitcoinist