On Monday, the three spot ether ETFs in Hong Kong recorded zero flows, with total net assets at $41.14 million, according to SoSoValue data.
While the outlook for a spot ether exchange-traded fund (ETF) in the United States became more optimistic on Monday, the three spot ether ETFs in Hong Kong saw no new investments.
Hong Kong’s Spot Ether ETFs See No Inflows While Bitcoin ETFs Gain
Managed by China Asset Management, Harvest, and both Bosera and HashKey, the three spot ether ETFs in Hong Kong posted zero inflows on Monday after experiencing a total net outflow of 31.32 ether on Friday, according to data from SosoValue. As of Monday, their total net assets amounted to $41.14 million.
In contrast, Hong Kong’s three spot bitcoin ETFs saw significant activity, bringing in a total net inflow of 99.8 BTC on Monday. This followed a net inflow of 93.57 BTC on Friday and a net outflow of 200.27 BTC on Thursday.
U.S. Spot Bitcoin ETFs Continue Inflows, Spot Ether ETFs Await SEC Update
In the U.S., 11 spot bitcoin ETFs marked the sixth consecutive day of net inflows on Monday, attracting $241.12 million. Over the past six days, these products collectively garnered total net inflows exceeding $1.18 billion.
Meanwhile, the U.S. Securities and Exchange Commission (SEC) has reportedly instructed firms seeking to list spot ether ETFs to update their filings. Bloomberg ETF analysts James Seyffart and Eric Balchunas have revised their estimates, increasing the likelihood of the SEC approving spot ether ETFs from 25% to 75%.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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