ChinaAMC Ether ETF (03046.HK) Rises 1.78% Intraday as US Spot Ether ETFs Post a Ninth Straight Day of Outflows

NewTimeSpace News: As of 11:11 on October 12, the ChinaAMC Ether ETF (03046.HK) rose 1.78% to a latest price of HK$5.990. The ETF has traded 26,400 shares so far today for a turnover of HK$158,441 at an average price of HK$6.002, with a turnover rate of 0.04%. It is up 1.78% so far this week. Its current net asset value per unit is HK$5.8779, and its assets under management stand at US$44.64 million (about HK$349 million).

(Note on scope: the net asset value per unit and assets under management are as of October 9, 2026; the week-to-date change is measured against the closing price of HK$5.885 on October 9. The ETF has the US dollar as its base currency and trades in Hong Kong dollars; assets under management are derived from the roughly 59.6 million units in issue and the net asset value above.)

On the news front, US spot ether ETFs have continued to see net outflows. According to weekly data compiled by Decrypt and J.P. Morgan, US spot ether ETFs saw net outflows of US$542 million in the week to October 9, their worst week since January and a ninth consecutive trading day of outflows; single-day outflows of US$201.9 million on October 6 and US$160.8 million on October 7 together accounted for about 67% of the week's redemptions, taking October's cumulative net outflows to US$635 million.

ChinaAMC Ether ETF (03046.HK) is a virtual asset ETF that invests directly in spot ether. Its investment objective is to provide investment results that, before fees and expenses, closely correspond to the performance of ether, as measured by the performance of the CME CF Ether-Dollar Reference Rate (APAC Variant). The fund holds ether physically and trades through a licensed virtual asset trading platform; no distributions are made and returns are accumulated for reinvestment, with a management fee of 0.99% a year.

J.P. Morgan believes that about US$50 billion has flowed into digital assets so far in 2026, equivalent to an annualised pace of about US$66 billion — above the US$52 billion annualised pace recorded in May but still only about half of last year's level; as ETF flows and futures positioning rose in tandem in the third quarter, participation by both retail and institutional investors increased, creating positive flow momentum into the fourth quarter; it also noted that institutional positions in bitcoin and ether futures on the CME have increased over the past two months, with ether futures positioning approaching the October 2025 high.