Hong Kong Bitcoin spot ETF saw its first net redemption, with a net redemption of 75.36 Bitcoins yesterday

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Cointime2024/05/07 04:37

By:Cointime

According to SoSo Value data, the Hong Kong Bitcoin spot ETF saw its first net redemption since trading began on April 30th. On May 6th, there was a net redemption of 75.36 Bitcoins, with a total holding of 4150 Bitcoins, a daily turnover of 8.6 million US dollars, and a total net asset value of 266 million US dollars.

In addition, the Hong Kong Ethereum spot ETF has maintained a net daily subscription for 4 consecutive trading days, with a net subscription of 999.75 Ethereum on May 6th. The total holding of Ethereum is 17280, with a daily turnover of 1.8 million US dollars and a total net asset value of 54.87 million US dollars.

SoSoValue note: The Hong Kong cryptocurrency ETF supports spot subscription and redemption mechanism. Net subscription refers to the positive difference between the subscription amount and the redemption amount within a certain period of time, that is, buying more than selling. Otherwise, it is net redemption.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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