ChinaAMC Ether ETF (03046.HK) Rises 2.96% Intraday as Ether ETFs End 10-Day Outflow Streak

NewTimeSpace News: As of 10:41 on October 16, the ChinaAMC Ether ETF (03046.HK) rose 2.96% to a latest price of HK$5.745. The ETF has traded 219,700 units so far today for a turnover of HK$1.24 million at an average price of HK$5.644, with a turnover rate of 0.369%. It is down 2.38% so far this week. Its current net asset value per unit is HK$5.5630, and its assets under management stand at about HK$332 million (about US$42.25 million).

(Note on scope: the net asset value per unit and assets under management are as of October 15, 2026, with the assets under management based on 59,600,000 units outstanding and the above net asset value per unit; the week-to-date change is measured against the closing price of HK$5.885 on October 9.)

On the news front, the US producer price index rose 6.3% year on year in September, far above expectations, and together with the earlier hotter-than-expected consumer inflation put crypto markets under pressure: Bitcoin briefly fell below US$80,000 on October 15 — its first time in about a month — while Ether dropped more than 6% to around US$2,320, and total crypto liquidations over 24 hours exceeded US$900 million, with Ether accounting for US$286 million, the largest share. Crypto markets then rebounded from the lows, with Bitcoin recovering to around US$82,000; according to an OKX summary, spot Ether ETFs ended a 10-day outflow streak with a single-day net inflow of US$24.8 million.

The ChinaAMC Ether ETF (03046.HK) is a spot virtual-asset ETF under China Asset Management (Hong Kong), listed on April 30, 2024, which directly acquires and holds ether and may invest up to 100% of its assets in ether, with results measured by the CME CF Ether-Dollar Reference Rate (Asia Pacific closing); the fund uses the US dollar as its base currency and trades in Hong Kong dollars, with a board lot of 100 units, a management fee of 0.99% a year and no distribution.

Geoffrey Kendrick, head of global digital asset research at Standard Chartered, said in a latest report that the bank has pushed back its forecast for the stablecoin market to reach US$2 trillion from 2028 to 2030; stablecoin supply now stands at about US$309 billion and has stayed in a US$300-320 billion range over the past 12 months, and the stall in supply growth is cyclical rather than structural. Despite the supply plateau, average monthly on-chain stablecoin transfers have approached US$10 trillion this year, up from US$4 trillion in 2025, with usage still growing.