Hong Kong spot ether ETFs recorded no net flows Monday as US approval anticipation grows
The three spot ether ETFs in Hong Kong posted zero flows on Monday, according to SoSoValue data.As of Monday, the total net assets of the three products amounted to $41.14 million.
While the outlook for a spot ether exchange-traded fund in the United States took an optimistic turn on Monday, the three spot ether ETFs in Hong Kong recorded zero flows.
Managed by China Asset Management, Harvest, and both Bosera and HashKey, the ETFs posted zero flows yesterday after recording a total net outflow of 31.32 ether on Friday, according to data from SosoValue. Their total net assets amounted to $41.14 million as of Monday, the data showed.
Meanwhile, Hong Kong’s three spot bitcoin ETFs brought in 99.8 BTC in total net inflows on Monday. That followed a net inflow of 93.57 BTC on Friday and a net outflow of 200.27 BTC on Thursday.
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In the U.S., the 11 spot bitcoin ETFs reported the sixth consecutive day of inflows on Monday — drawing in $241.12 million . The products saw total net inflows of over $1.18 billion in the past six days.
The U.S. Securities and Exchange Commission has reportedly asked firms seeking to list spot ether ETFs to update their filings. Bloomberg ETF analysts James Seyffart and Eric Balchunas said the chances of the SEC approving such a product have increased from 25% to 75% .
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