Blog
/
Bitcoin
Expert verified
5 min read

Hong Kong Bitcoin and Ether ETFs witness massive outflows

Ayush Pande
Written by:
Ayush Pande
Reviewed by:
Ayush Pande
Hong Kong Bitcoin and Ether ETFs witness massive outflows
Our Editorial Standards:

Cryptocurrencies can be volatile and high risk. Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication. Learn more about our Risk Warning and Our Editorial Process.

Hong Kong's Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) saw a huge exodus on Monday, with net outflows totaling a staggering $39M. This single-day outflow erased all gains accumulated since their launch on April 30.

As reported by investment management firm Farside Investors, all six of Hong Kong's Bitcoin and Ether ETFs experienced significant bleeding, with Bosera, ChinaAMC, and Harvest Global taking the brunt of the impact. Spot Bitcoin ETFs from these issuers suffered a combined net outflow of $32.7M, with ChinaAMC's Bitcoin fund bearing the heaviest loss at $15.5M. 

‍



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


‍

Spot Ether ETFs faced a similar fate, with their net outflows reaching $6.6M. Akin to their BTC counterparts, Harvest Global and ChinaAMC emerged as the leaders in outflows in the Ether category, each witnessing withdrawals of roughly $3M.

The staggering outflows on Monday marked the third consecutive trading day of net losses for Hong Kong's crypto ETFs. So far, a total of $52.5M has been drained from the funds since May 9. 

‍

Bitcoin ETF
Bitcoin
Ethereum ETF
Additional Resources
Crypto Tax Guide
Crypto Tax Guide
Crypto Tax Community
Claim your free preview tax report.
Try Bitcompare Free

Join 500,000 people instantly calculating their crypto taxes with Bitcompare.

How we reviewed this article

All Bitcompare articles go through a rigorous review process before publication. Learn more about our Risk Warning and the Bitcompare Editorial Process.

Ayush Pande
Written by:
Ayush Pande
Co-Founder & CEO

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author
Ayush Pande
Reviewed by:
Ayush Pande
Writer

Hong Kong Bitcoin and Ether ETFs witness massive outflows

Hong Kong's Bitcoin and Ether exchange-traded funds saw a huge exodus on Monday, with net outflows totaling a staggering $39M.
Bitcoin
Dot
April 4, 2025
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

in
TABLE OF CONTENTS
Photo Source: Jievani Weerasinghe (Unsplash)

Hong Kong's Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) saw a huge exodus on Monday, with net outflows totaling a staggering $39M. This single-day outflow erased all gains accumulated since their launch on April 30.

As reported by investment management firm Farside Investors, all six of Hong Kong's Bitcoin and Ether ETFs experienced significant bleeding, with Bosera, ChinaAMC, and Harvest Global taking the brunt of the impact. Spot Bitcoin ETFs from these issuers suffered a combined net outflow of $32.7M, with ChinaAMC's Bitcoin fund bearing the heaviest loss at $15.5M. 

‍



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


‍

Spot Ether ETFs faced a similar fate, with their net outflows reaching $6.6M. Akin to their BTC counterparts, Harvest Global and ChinaAMC emerged as the leaders in outflows in the Ether category, each witnessing withdrawals of roughly $3M.

The staggering outflows on Monday marked the third consecutive trading day of net losses for Hong Kong's crypto ETFs. So far, a total of $52.5M has been drained from the funds since May 9. 

‍

Bitcoin ETF
Bitcoin
Ethereum ETF
Tax Season Ready

Calculate Your Crypto Taxes

Join thousands of traders who trust us to handle their crypto tax calculations with precision and ease.

No credit card needed
Instant tax forms
No obligations
Get Started For Free Trusted by 50,000+ users
💰
📊
📝
Crypto Tax Community

Join Our Crypto Tax Community

Share strategies, discover tax-saving opportunities, and build connections with fellow crypto investors navigating the complex world of digital asset taxation.

Join Our Community
PRODUCT
How it worksPricingReviewsProfesisonal services
TOOLS
Crypto tax calculatorCrypto profit calculatorCrypto portfolio trackerCrypto balance checkerCrypto dashboardCrypto converterCrypto fear & greed index
COMPANY
About usContact usTerms of UsePrivacy PolicyRisk warningEditorial process
SUPPORT
FAQs
Help Center
Security
USER LINKS
Crypto tax guidesAffiliateBest crypto tax software
©  2025 Blue Venture Studios Pte Ltd
68 Circular Road, #02-01, 049422, Singapore
BestReviewsLearn
Bitcoin
May 14, 2024

Hong Kong Bitcoin and Ether ETFs witness massive outflows

HomeBitcoin
Blog Post
Contents
Photo Source: Jievani Weerasinghe (Unsplash)

Hong Kong's Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) saw a huge exodus on Monday, with net outflows totaling a staggering $39M. This single-day outflow erased all gains accumulated since their launch on April 30.

As reported by investment management firm Farside Investors, all six of Hong Kong's Bitcoin and Ether ETFs experienced significant bleeding, with Bosera, ChinaAMC, and Harvest Global taking the brunt of the impact. Spot Bitcoin ETFs from these issuers suffered a combined net outflow of $32.7M, with ChinaAMC's Bitcoin fund bearing the heaviest loss at $15.5M. 

‍



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


‍

Spot Ether ETFs faced a similar fate, with their net outflows reaching $6.6M. Akin to their BTC counterparts, Harvest Global and ChinaAMC emerged as the leaders in outflows in the Ether category, each witnessing withdrawals of roughly $3M.

The staggering outflows on Monday marked the third consecutive trading day of net losses for Hong Kong's crypto ETFs. So far, a total of $52.5M has been drained from the funds since May 9. 

‍

Bitcoin ETF
Bitcoin
Ethereum ETF
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

in

Hong Kong's Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) saw a huge exodus on Monday, with net outflows totaling a staggering $39M. This single-day outflow erased all gains accumulated since their launch on April 30.

As reported by investment management firm Farside Investors, all six of Hong Kong's Bitcoin and Ether ETFs experienced significant bleeding, with Bosera, ChinaAMC, and Harvest Global taking the brunt of the impact. Spot Bitcoin ETFs from these issuers suffered a combined net outflow of $32.7M, with ChinaAMC's Bitcoin fund bearing the heaviest loss at $15.5M. 

‍



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


‍

Spot Ether ETFs faced a similar fate, with their net outflows reaching $6.6M. Akin to their BTC counterparts, Harvest Global and ChinaAMC emerged as the leaders in outflows in the Ether category, each witnessing withdrawals of roughly $3M.

The staggering outflows on Monday marked the third consecutive trading day of net losses for Hong Kong's crypto ETFs. So far, a total of $52.5M has been drained from the funds since May 9. 

‍

Written by
Ayush Pande
Bitcoin ETF
Bitcoin
Ethereum ETF

Hong Kong Seeks To Legalize Crypto Trading

Crypto regulation
October 22, 2022
Hong Kong regulators aim to reconsider their stance on crypto by allowing retail investors to directly invest in crypto assets.

Hong Kong To Launch Asia’s First Bitcoin And Ether Futures ETFs

Bitcoin
December 15, 2022
The Hong Kong Stock Exchange will list Asia's first Bitcoin and Ether exchange-traded funds on December 16.

58% Of Hong Kong And Singapore Elites Own Crypto Assets

Custody
October 25, 2022
A study published by KPMG China and Aspen Digital revealed that a majority of Singapore and Hong Kong elites are increasingly investing in digital assets. 

Bitcoin and Ethereum ETFs debut in Hong Kong with lackluster trading volumes

Altcoins
April 30, 2024
Despite making their much-anticipated debut in the Hong Kong market, Bitcoin and Ether ETFs were barely able to hit modest trading volumes.

Hiring a Portugal Golden Visa Lawyer: The Ultimate Comprehensive Guide

Crypto tax
May 15, 2025
Explore our ultimate guide to hiring a Portugal Golden Visa lawyer. Learn essential tips and expert advice on choosing the right legal assistance to navigate the application process.

Altcoins on the Rise: Where Does Dogecoin Fit in the Market?

Altcoins
March 12, 2025
Dogecoin, originally launched as a meme, has evolved into a significant player in the altcoin market with strengths like low transaction fees and mainstream acceptance, although it lacks advanced technological features compared to other cryptocurrencies. Its future hinges on leveraging its vibrant community and potential improvements to enhance real-world usage and secure its position in the dynamic cryptocurrency ecosystem.

Ethereum Community Conference (EthCC): What it is and Why it Matters

Ethereum
March 12, 2025
The Ethereum Community Conference (EthCC) 2025, taking place in Cannes from June 30th to July 3rd, is set to be the largest European Ethereum event, focusing on knowledge sharing and collaboration with more than 6400 attendees, 390 speakers, and a variety of side events covering key topics like layer 2 technologies, decentralized finance, and non-fungible tokens.

What Might 2025 Have in Store for Bitcoin?

Bitcoin
February 27, 2025
Bitcoin is expected to continue its growth and adoption, driven by increased regulation, the rise of Bitcoin ETFs, and wider acceptance in commercial spaces, despite challenges such as mining profitability and geopolitical influences.

The Possibility of an Altcoin Season in the Face of Low Bitcoin Dominance

Altcoins
January 8, 2025
The possibility of an altcoin season is currently low due to a bearish market sentiment, low Bitcoin dominance, and the underperformance of leading altcoins alongside Bitcoin's relatively stable trading range.

How a Strong Online Presence Can Help Crypto Projects Stand Out

Crypto Trading
January 1, 2025
A strong online presence is crucial for cryptocurrency projects to differentiate themselves and achieve success in a saturated market by leveraging professional websites, active social media engagement, content marketing, SEO, and community building.

Monero in the DeFi Space: Is Privacy a Viable Solution for Decentralized Finance?

DeFi
December 27, 2024
Monero's privacy features face integration challenges in DeFi, but potential solutions exist to merge these technologies.

5 Apps Every Serious Crypto Trader Needs on Their Phone

Crypto Trading
October 3, 2024
Cool apps that every crypto trader should have to ensure a more efficient and secure trading journey.

Bitcoin Price Stagnates Amid Mixed Market Signals

News
September 2, 2024
Bitcoin's price remains stagnant due to mixed market signals, including potential sell pressure from large BTC releases and uncertain demand ahead of the U.S. Federal Reserve meeting.

Shiba Inu Whale Trades $3.5 Million in SHIB for AI Token FET Amid Market Shifts

News
September 1, 2024
A Shiba Inu whale swapped $3.5 million worth of SHIB for the AI token FET, reflecting a strategic shift towards AI-focused assets amid declining memecoin value.

XRP Whale Activity Hits Four-Year Low: What Does It Mean for Traders?

News
September 1, 2024
XRP struggles at $0.585, but whale activity and stable network metrics suggest a long-term bullish outlook despite short-term volatility.

Bitcoin’s Decline Could Mean Gains for Solana: $187 Target in Sight

News
August 31, 2024
A potential decline in Bitcoin's dominance could trigger an altcoin rally, with Solana (SOL) potentially aiming for a $187 target.
The trusted provider of rates and financial information
AI JobsPromptPalBecome a partnerContact usLegalPrivacySitemapCareersAbout
Get crypto smart in 5 minutes
Join readers from Coinbase, a16z, Binance, Uniswap, Sequoia and more for the latest staking rewards, tips, insights and news.
No spam, unsubscribe anytime. Read our Privacy Policy.
YOUR SUBSCRIPTION WAS SUCCESSFUL
Oops! Something went wrong while submitting the form.
© 2024 Bitcompare
A Blu.Ventures companyAdvertisePolicyTerms of UseSitemap

Bitcompare is a trading name of Blue Venture Studios Pte Ltd, 68 Circular Road, #02-01, 049422, Singapore.

Advertiser disclosure: Bitcompare is a comparison engine that relies on advertising for funding. The business opportunities that can be found on this site are offered by companies with which Bitcompare has made deals. This relationship may affect the way and where products appear on the site, such as in what order they are listed in categories. Information about products may also be placed based on other factors, such as the ranking algorithms on our website. Bitcompare does not look at or list all companies or products on the market.
‍
Editorial disclosure: The editorial content on Bitcompare is not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. The opinions expressed here are the author’s alone. Additionally, the opinions expressed by the commenters do not necessarily reflect those of Bitcompare or its staff. When you leave a comment on this site, it will not show up until a Bitcompare administrator approves it.

Warning: The price of digital assets can be volatile. The value of your investment can go down or up, and you may not get back the amount invested. You are the only one who is responsible for the money you invest, and Bitcompare is not responsible for any losses you might have. Any APR shown is a rough estimate of how much cryptocurrency you will earn in rewards over the time period you choose. It does not display the actual or predicted returns or yields in any fiat currency. The APR is adjusted daily, and the estimated rewards may differ from the actual rewards generated. The information on this page is not meant to be a sign from Bitcompare that the information is correct or reliable. Before making any investment, you should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult with an independent financial advisor. Links to third-party sites are not under the control of Bitcompare, and we are not responsible for the reliability or accuracy of such sites or their contents. For more information, see the Terms of Service for Bitcompare and our Risk Warning.