The spot ether exchange-traded fund (ETF) launched by Chinese fund manager ChinaAMC saw more than HK$5 million (US$640,780) in net inflows as of mid-day Wednesday, after reaching HK$3.77 million on Tuesday, the largest since launch, as investors anticipate US approval of similar products.
The ETF saw more than 1.28 million shares traded on Tuesday. On most days since its April 30 launch, trades have lingered around 500,000 shares, according to Hong Kong stock exchange data. On Tuesday, net inflows were HK$3.77 million.
Source: TRADE FINANCE
