Investors pulled nearly $40 million out of the six spot bitcoin and ether ETFs on the first day of the week.
The spot bitcoin ETFs from issuers ChinaAMC, Harvest Global, as well as Bosera and Hashkey, saw a combined $32.7 million outflows on Monday, according to data from, reported negative flows since their launch on May 2. Harvest Global had previously not yet seen outflows for its spot bitcoin fund. The spot ether ETFs saw $6.6 million in outflows which is also significantly higher than past numbers.
After eight days of trading, investors pulled roughly $13 million out of the six ETFs, a disappointing result for the Asia-based ETFs when compared to the initial excitement phase around its U.S.-listed counterparts.
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