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Bitcoin ETF Outflows Hit $430M as Hong Kong Expands Its BTC Market
Bitcoin ETF outflows reached $430M as Hong Kong expanded its spot BTC market and wealth managers increased cryptocurrency exposure.
Brief
US spot Bitcoin ETFs recorded net redemptions of $430.2 million on November 5, led by Fidelity's FBTC at $199.9 million, with BlackRock's IBIT giving up $105 million. Grayscale's GBTC and Franklin Templeton's EZBC lost $49.9 million and $32.9 million respectively. November's cumulative outflows reached $869.8 million over four sessions. Attention now turns to whether ongoing redemptions pressure the underlying market. Hong Kong already runs four spot Bitcoin ETFs, the first three launched in April 2024. A regional tracker shows November figures of ChinaAMC losing $5.71 million, Bosera HashKey $1.58 million and Harvest $68,880. Hong Kong's private wealth report for 2026 found assets rose 24% to HK$12.9 trillion ($1.65 trillion) in 2025, with 43% of surveyed firms having added crypto ETFs.
Why it matters: Shows US Bitcoin ETF demand can reverse quickly, while Hong Kong keeps widening regulated access that competes for digital asset capital.
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