🚀Crypto fans, brace yourselves! Hong Kong-listed spot crypto ETFs experienced a whopping $40M outflow on Monday, with Bitcoin and Ether taking the hit. 📉

🤔Wondering why? Bitcoin's drop below $61K last Friday might be the culprit. The ETFs from ChinaAMC, Harvest Global, Bosera, and Hashkey saw a combined $32.7M outflows. That's a lot of 💰, folks!

🥳But hey, don't let the Monday blues get you down. This is the first time all six crypto ETFs, including Bitcoin and Ether, reported negative flows since their launch on May 2.

👀Keep an eye on the Ether ETFs too. They saw $6.6M outflows, which is also significantly higher than past numbers.

🤓For context, the overall Hong Kong-based ETF market is relatively small, with about $50B in assets. In comparison, the U.S. ETF market is a whopping $9 trillion!

👉So, what's your take on this? Drop your thoughts in the comments. Let's get the crypto convo going! 🚀#DeFi #Web3

P.S. Rumors about mainland Chinese investors gaining access via Stock Connect are false, says Hong Kong’s stock exchange. So, no new floodgates opening...yet. 😉