ETFs
Hong Kong and US ETFs see modest outflows on mixed day
Quick take
American ETFs
According to the last Other side data, American Bitcoin Exchange Traded Funds (ETF) experienced capital outflows on May 9, totaling $11.3 million. Notably, the Grayscale Bitcoin Trust (GBTC) recorded a $43.4 million buyback, marking its largest single-day outflow since May 2. GBTC has now seen a total of $17.5 billion in outflows.
Six different US ETFs saw inflows, with BlackRock’s IBIT product leading the way with $14.2 million. The IBIT has now accumulated $15.4 billion in total inflows. Additionally, the remaining three ETFs comprising the top four – Bitwise (BITB), Fidelity (FBTC) and ARK (ARKB) – also saw inflows. In total, U.S. ETFs have now seen cumulative net inflows of $11.7 billion, according to Farside data.
BTC ETF United States flow table: (Source: Farside)
Hong Kong ETF
According to data from Farside, the Hong Kong (HK) ETF market struggled on May 9, with Bitcoin ETFs seeing outflows of $5.5 million and Ethereum ETFs losing $1.4 million, totaling a combined release of $6.9 million for the day. Nonetheless, the Hong Kong Bitcoin and Ethereum ETFs maintain total net inflows of $20.4 million and $4.3 million, respectively, bringing the total net inflow to $24.7 million.
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