US Bitcoin ETF outflows hit $430 million as Hong Kong expands digital asset rules

Spot Bitcoin exchange-traded funds (ETFs) in the United States recorded $430.2 million in net outflows on November 5, erasing a short-lived period of net inflows and raising new questions about demand from institutional investors in the sector. This reversal comes as Hong Kong advances its digital asset regulations and expands its range of Bitcoin funds, but recent figures do not indicate that Hong Kong-based investment can offset ongoing outflows from the US market. Farside Investors, a London-based investment analysis firm, reported that the $430.2 million in net ETF outflows on November 5 marked a sharp reversal from the $74.6 million in inflows registered just one day earlier.

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