Hong Kong Bitcoin and Ether ETFs Experience Significant Outflow in Single Day
Hong Kong Bitcoin and Ether ETFs suffer largest-ever outflow, totaling $32.7 million, amidst market volatility and post-halving price decline.

Hong Kong Bitcoin and Ether ETFs suffer largest-ever outflow, totaling $32.7 million, amidst market volatility and post-halving price decline.
US Bitcoin ETFs saw record outflows, while Hong Kong's experienced significant inflows. Ethereum saw modest inflows, suggesting diversification.
Dropbox has issued a report regarding a data breach concerning its Dropbox Sign e-signature service.
Record outflows hit US Bitcoin ETFs on Wednesday, totaling $563.7 million. Fidelity FBTC led with $191 million withdrawn, followed by Grayscale's GBTC with $167.3 million. ARKB, IBIT, and BITB also saw significant reductions. This reflects evolving investor sentiment amid regulatory uncertainties and market volatility.
US Bitcoin ETFs witness unprecedented outflows, led by BlackRock's IBIT with $36.6M. GBTC and FBTC see significant outflows. Despite Bitcoin's 10.7% weekly decline, ETFs operate smoothly. Traditional assets like gold also experience outflows.
Grayscale's BTC ETF sees record-low outflow, signaling stabilization. Genesis liquidation and high fees contribute to persistent outflows. BTC trading at $70,600, up 2.2%.
El Salvador's largest-ever data breach exposes over 5 million citizens' personal information, including sensitive data and photos. Breach raises concerns about governance amid President Bukele's controversial actions and involvement of iFinex subsidiaries.
GBTC outflows have put negative pressure on Bitcoin’s price and market, but are also affected by other factors, such as U.S. regulation, Bitcoin competitors, etc.
Bitcoin struggled to maintain $40,000 amid Grayscale's $700 million outflows. Challenges arose from GBTC's transition to a spot Bitcoin ETF, triggering significant BTC sales. Despite concerns, the market showed resilience, with uncertain future trajectories and growing interest at lower price levels.
The Hong Kong government issued a policy declaration on the development of virtual assets in Hong Kong, which triggered extensive discussions among Web3.0 professionals.