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The total subscription volume of Hong Kong Bitcoin ETF yesterday was 101.6, and the Ethereum ETF showed net redemption for two consecutive days

The Hong Kong Bitcoin spot ETF had a net purchase of 101.6 bitcoins and a total holding of 4350 bitcoins on May 8th. The daily trading volume was 2.67 million US dollars, and the total net assets were 270 million US dollars. The daily BTC purchase came from Bosera HashKey and Huaxia Bitcoin ETF.

In terms of intraday premium and discount rates, Huaxia Bitcoin ETF, Bosera HashKey Bitcoin ETF, and CSOP Bitcoin ETF had discount rates of -0.55%, -0.03%, and 0.01%, respectively. Huaxia ETF held 2020 BTC, ranking first, while Bosera Hashkey and CSOP ETF held 1220 BTC and 1110 BTC, respectively.

In addition, the Hong Kong Ethereum spot ETF had a net redemption of 644.78 ETH and a total holding of 16100 ETH on May 8th. The daily trading volume was 1.73 million US dollars, and the total net assets were about 48.35 million US dollars. It is worth noting that the Hong Kong Ethereum spot ETF has had net redemptions for two consecutive days. Currently, Bosera Hashkey ETF holds 6500 ETH, ranking first, while Huaxia and CSOP ETF hold 5700 ETH and 3900 ETH, respectively.

Note: Hong Kong cryptocurrency ETFs support spot purchase and redemption mechanisms. Net purchase refers to the positive difference between purchase and redemption amounts during a certain period of time, i.e., buying more than selling. Conversely, net redemption refers to the opposite.

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