Check out the initial flow of Hong Kong Bitcoin ETFs since their launch

Hong Kong's Bitcoin ETF suffered its first decline since its launch on April 30, following Monday's first cumulative daily BTC inflow.

The exit came from China Asset Management Bitcoin ETF, other Hong Kong products had no flow.

Hong Kong ETFs look at moderate returns

According to Farside data, the China AMC Bitcoin ETF saw $4.9 million in outflows on Monday. In contrast, the other Bitcoin and Ethereum ETFs in Hong Kong reported “zero” flows apart from the Bocera Ethereum ETF, which saw 3.2 million inflows on Monday.

Following their launch last week, the three Hong Kong Bitcoin ETFs accumulated $262 million in assets under management (AUM) in their first week.

Despite these significant AUM figures, the inflow assets for the Hong Kong Bitcoin and Ethereum ETF were less than $14 million in the first week of launch. This figure pales in comparison to the billions of dollars that poured into US space Bitcoin ETFs in January.

Meanwhile, the Hong Kong spot Ethereum ETFs (Ethereum ETFs) were the first of its kind in the world, with a total of $54.2 million in AUM and total inflows of $9.3 million in 2018.

Hong Kong ETF Performance Risks

Despite the underperformance of Hong Kong spot EFAs, Bitcoin posted a weekend gain, now trading around $64,000, down from $57,000 last week.

Senior Bloomberg ETF analyst Eric Balchunas advised investors not to expect big numbers in Hong Kong compared to the US market. He explained that the Hong Kong ETF's $310 million AUM is equivalent to $50 billion in the US market. Therefore, these ETFs are as valuable in their local markets as the US is in them.

Hong Kong's stock sector is relatively small, with a total market value of $4.5 trillion, compared to the $50 trillion listed on all US exchanges. In addition, Hong Kong's stock sector As of 2022, they face liquidity problems due to slow economic growth in mainland China.

According to a recent survey by crypto exchange OSL, nearly 80% of crypto-savvy investors in Hong Kong intend to invest in the new space's Bitcoin and Ethereum ETFs. However, these properties are currently inaccessible to mainland Chinese investors unless they hold Hong Kong residency. In particular, this restriction may lead to lower trading volumes for ETFs than in the United States.