Hong Kong Bitcoin and Ether ETFs See $39M Outflows on Monday: Farside Investors
Previous outflows hovered around the $6 million mark, signaling a significant uptick in negative flows on Monday.
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Previous outflows hovered around the $6 million mark, signaling a significant uptick in negative flows on Monday.
Hong Kong could approve approve spot bitcoin (BTC) and ether (ETH) exchange-traded funds as early as Monday, Bloomberg said, citing two people familiar with the matter.
Odds that spot ether ETFs will get approved in May have gotten slimmer, according to a Bloomberg ETF analyst who cited U.S. regulators’ seeming lack of engagement with potential issuers over the products.
The updated S-1 document brings the spot Ethereum ETF application more “in line” with the recently approved spot BTC ETF prospectus, one analyst noted.
The Ark 21Shares Ethereum ETF is the first attempt to list such a fund in the U.S. that directly invests in ETH, the second largest cryptocurrency by market capitalization.