Hong Kong Bitcoin spot ETF saw its first net redemption, with a net redemption of 75.36 Bitcoins yesterday

According to SoSo Value data, the Hong Kong Bitcoin spot ETF saw its first net redemption since trading began on April 30th. On May 6th, there was a net redemption of 75.36 Bitcoins, with a total holding of 4150 Bitcoins, a daily turnover of 8.6 million US dollars, and a total net asset value of 266 million US dollars.

In addition, the Hong Kong Ethereum spot ETF has maintained a net daily subscription for 4 consecutive trading days, with a net subscription of 999.75 Ethereum on May 6th. The total holding of Ethereum is 17280, with a daily turnover of 1.8 million US dollars and a total net asset value of 54.87 million US dollars.

SoSoValue note: The Hong Kong cryptocurrency ETF supports spot subscription and redemption mechanism. Net subscription refers to the positive difference between the subscription amount and the redemption amount within a certain period of time, that is, buying more than selling. Otherwise, it is net redemption.