According to SoSo Value data, the Hong Kong Bitcoin Spot ETF has experienced net redemption for the first time since it started trading on April 30. Yesterday (May 6), the net redemption of Bitcoin was 75.36, the total number of Bitcoins held was 4,150, the daily transaction volume was US$8.6 million, and the total net assets were US$266 million.
In addition, the Hong Kong Ethereum Spot ETF has maintained a daily net subscription for 4 consecutive trading days. Yesterday, the net subscription was 999.75 Ethereum, the total number of Ethereum held was 17,280, the daily transaction volume was US$1.8 million, and the total net assets were US$54.87 million.
SoSoValue Note: Hong Kong crypto ETF supports the spot subscription and redemption mechanism. Net subscription means that the difference between the subscription amount and the redemption amount within a certain period of time is positive, that is, more purchases than sales, and vice versa, it is a net redemption.