Huaxia 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.)
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