Bitcoin and Ethereum ETFs in Hong Kong diverge Quick Take
Hong Kong ETFs
According to Farside data, the digital asset exchange-traded funds (ETFs) market in Hong Kong (HK) experienced a divergence in flows on May 8. While Bitcoin (BTC) ETFs saw overall inflows, Ethereum (ETH) ETFs saw outflows.
Farside data shows that the BTC ETFs in HK attracted a combined inflow of $6.3 million on May 8. Bosera’s BTC ETF led the way with a $6.2 million inflow, bringing its total net inflows to $15.8 million. AMC’s BTC ETF saw a $0.1 million inflow, totaling $3.6 million in net inflows. Harvest’s BTC ETF did not register any inflow or outflow on the day, but its total net inflow is $6.5 million. Collectively, the BTC ETFs in HK have amassed $25.9 million in total net inflows.
In contrast, the ETH ETFs in HK faced outflows on May 8. Bosera’s ETH ETF saw an outflow of $0.9 million, bringing its total net inflows to $8.1 million. AMC’s ETH ETF experienced an outflow of $0.8 million, totaling $2.2 million in net outflows. Harvest’s ETH ETF recorded a $0.2 million outflow, taking its total net outflow to $0.2 million. According to Farside data, the ETH ETFs in HK have seen a net inflow of $5.7 million.
Farside data indicates that the collective net inflows into BTC and ETH ETFs in HK have reached $31.6 million.
US ETFs
On May 8, activity was relatively subdued in the United States. Bitwise’s BITB ETF was the only one to register an inflow of $11.5 million, bringing its total net inflow to $1,759.6 billion. All other US ETFs saw no inflows or outflows. According to Farside data, the total net inflows for US ETFs stand at $11,778.2 billion.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
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Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Bitwise
Bitwise Asset Management pioneered the first cryptocurrency index fund and is the leading provider of rules-based exposure to the cryptoasset space..
