ChainCatcher news, Farside Investors data shows that on Monday (May 13), there was a significant outflow of funds from the spot crypto ETFs listed in Hong Kong. On the first day of the week, investors withdrew $39 million from six spot Bitcoin and Ethereum ETFs.

ChainCatcher news, on May 7, the latest announcement from the Hong Kong Stock Exchange shows that the Bosera HashKey Ethereum ETF has surpassed the Huaxia Ethereum ETF for the first time, reaching a holding of 6,799 ETH and ranking first in the Hong Kong Ethereum spot ETF market. At the same time, the Bosera HashKey Bitcoin ETF also ranks second in the Hong Kong Bitcoin spot ETF market with a holding of 1,120 bitcoins, only behind the previous market leader, Huaxia Fund (holding 2,019 bitcoins).In the second week of trading, the competition in the Hong Kong Bitcoin and Ethereum spot ETF market is fierce, and the gap in holdings among various products is rapidly narrowing.

According to ChainCatcher news and SoSo Value data, the Hong Kong Bitcoin spot ETF has experienced its first net redemption since trading began on April 30, with a net redemption of 75.36 Bitcoins yesterday (May 6). The total Bitcoin holdings amount to 4,150 Bitcoins, with a daily trading volume of $8.6 million and total net assets of $266 million.In addition, the Hong Kong Ethereum spot ETF has maintained a net subscription for four consecutive trading days, with a net subscription of 999.75 Ethereum yesterday. The total Ethereum holdings amount to 17,280 Ethereum, with a daily trading volume of $1.8 million and total net assets of $54.87 million.It is reported that the Hong Kong crypto ETF supports a spot subscription and redemption mechanism, where net subscriptions refer to the positive difference between the subscription amount and the redemption amount over a certain period, meaning that purchases exceed sales; conversely, it is a net redemption.