The total redemption volume of the Hong Kong Bitcoin ETF was 519.5 yesterday, showing a net redemption for three

PANews reported on May 14th, according to SoSo Value data, the Hong Kong Bitcoin spot ETF redeemed a net of 519.5 bitcoins yesterday (May 13), with a total holding of 3560 bitcoins, a daily turnover of $4.25 million and total net assets of $219 million. Currently, the Hong Kong Bitcoin spot ETF has seen net redemptions for three consecutive days. In terms of asset size, Huaxia ETF holds the first place with 1690 BTCs, followed by Bosera Hashkey and Jiashi who hold respectively 989.93 and 881.18 BTCs.

In addition, the Hong Kong Ethereum spot ETF redeemed a net of 2270 ethers yesterday (May 13), with a total holding amounting to13350 ethers; its daily turnover was $726 thousand while its total net assets were approximately $39.12 million dollars . In terms of asset size currently Bosera Hashkey ETF holds first place with an ownership of about6300 ETHs , followed by Huaxia and Jiashi who own respectively4670 ETHs and2390 ETHs.(Note: The Hong Kong crypto ETF supports physical redemption mechanism where Net subscription refers to when purchase amount exceeds redemption amount within certain period i.e., more buying than selling is done otherwise it's referred as Net Redemption.)