Data: Hong Kong Bitcoin spot ETF had a net redemption of 75.36 BTC yesterday, marking the first occurrence of net redemption

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.