Hong Kong Ethereum ETF

Data: Hong Kong Ethereum ETF had a net subscription of 62.8 units yesterday, and the Huaxia ETF (83046.HK) traded at a positive discount rate in RMB-denominated counter

ChainCatcher message, according to SoSo Value data, the Hong Kong Ethereum spot ETF had a net subscription of 62.8 units yesterday (May 22), with a total holding of 13,380 units of Ethereum, a total transaction volume of $390,300, and a total net asset value of $50.22 million. The net subscription amount yesterday came entirely from the Harvest ETF.It is noteworthy that yesterday marked the first net subscription for the Hong Kong Ethereum ETF in the 11 trading days since May 7. In terms of asset size, the Bosera Hashkey ETF holds 6,300 units of Ethereum, ranking first, while the Huaxia and Harvest ETFs hold 4,630 units and 2,450 units of Ethereum, respectively.In terms of intraday premium/discount rates, the Huaxia Ether ETF (83046.HK), which supports over-the-counter trading priced in CNY (Renminbi), showed a positive premium rate of about 1.5% within 24 hours, while other ETFs that support over-the-counter trading priced in HKD (Hong Kong Dollar) and USD (US Dollar) showed discount rates. (Note: Hong Kong crypto ETFs support a spot subscription and redemption mechanism, where net subscription refers to a positive difference between the subscription amount and the redemption amount over a certain period, meaning more buying than selling; conversely, it indicates net redemption.)

Data: The Hong Kong Ethereum ETF has shown net redemptions or net flows of zero for 9 consecutive trading days. This morning, it briefly showed a positive premium and trading volume increased

ChainCatcher news, according to SoSo Value data, the net flow of the Hong Kong Ethereum spot ETF was zero yesterday (May 20), with a total holding of 1,332 Ethereum, a daily trading volume of $243,000, and total net assets of $41.14 million. Over the past 9 trading days since May 7, the Hong Kong Ethereum ETF has shown either zero net flow or net redemptions.In terms of asset scale, the Bosera Hashkey ETF holds 6,300 Ethereum, ranking first, while the Huaxia and Harvest ETFs hold 4,640 and 2,390 Ethereum, respectively. In terms of intraday premium/discount rates, the Bosera HashKey ETF and Harvest ETF briefly showed positive premium rates this morning, while trading volume increased. As of the time of writing, the total intraday trading volume has exceeded $1.489 million, with the Huaxia Ethereum ETF reaching $883,000, surpassing yesterday's total trading volume.At the same time, as of the time of writing, the market prices for Huaxia Ether (3046.HK), Harvest Ether (3179.HK), and Bosera Ether (3009.HK) are currently quoted at HKD 9.01, HKD 9.05, and HKD 28.74, respectively, with intraday gains exceeding 19%.(Note: A net flow of zero for ETFs is normal, indicating a balance between buy and sell quantities. Bloomberg ETF analyst James Seyffart pointed out that out of approximately 3,500 U.S. ETFs, 2,903 had zero net flow on a given day.)
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