TechFlow reported, according to SoSo Value data, Hong Kong's spot Ethereum ETF recorded a net subscription of 62.8 ETH on Wednesday (May 22), bringing the total Ethereum holdings to 13,380 ETH. The daily trading volume reached $390,300, with total net assets under management amounting to $50.22 million. Yesterday’s net inflows came entirely from Harvest ETF. Notably, this marks the first day of net subscriptions over the past 11 trading sessions since May 7. In terms of asset size, Bosera Hashkey ETF holds 6,300 ETH, ranking first, followed by CSOP and Harvest ETFs holding 4,630 ETH and 2,450 ETH respectively.
Regarding intraday premium/discount rates, CSOP Ethereum ETF (83046.HK), which supports CNY-denominated counter trading, showed a positive premium of approximately 1.5% within 24 hours. Other ETFs that support HKD- and USD-denominated counter trading all showed discounts. (Note: Net subscription refers to the scenario where the amount subscribed exceeds the amount redeemed during a given period in Hong Kong's crypto ETFs, which utilize a physical creation and redemption mechanism—indicating more buying than selling; otherwise, it is termed net redemption.)
Note: The dual-currency counter ETFs launched by Hong Kong Exchanges and Clearing Limited adopt a "dual-counter" structure, providing investors with two trading counters (RMB counter and HKD counter) on the Hong Kong Stock Exchange (HKEX). Units traded through the RMB counter are settled in Renminbi (RMB), while those traded via the HKD counter are settled in Hong Kong dollars (HKD).
