Hong Kong, which took a big step after the USA in spot ETFs, recently launched spot Bitcoin Ethereum ETFs.
Hong Kong ETFs failed to perform as expected, but it is claimed that there is potential for companies to enter China through ETFs.
At this point, Harvest Global Investments, a leading Chinese fund house and Hong Kong's first spot ETF issuer, has set its sights on mainland China.
Speaking at the Bitcoin Asia conference in Hong Kong, Harvest CEO Han Tongli announced that his company plans to offer direct access to Bitcoin and Ethereum products to investors in China through its ETF Connect program.
He said that if market conditions are suitable, they will apply for BTC and ETH ETFs to be included in the connect program within the next two years.
“We have some plans for Bitcoin and Etheruem ETFs to reach investors in China. If we, as Harvest Global, manage to get spot BTC-ETH ETFs into the Stock Connect program, a new investment path will be opened for investors in mainland China.
Since the regulatory environment on the mainland is quite uncertain, the Stock Connect program could be a pioneer in regulating cryptocurrency investments, especially Bitcoin and Ethereum. “
*This is not investment advice.
