Mainland China Funds Prohibited from Investing in Cryptocurrencies, Hong Kong ETF Issuers Assert

Quick Summary:

Bitcoin and Ether spot exchange-traded funds (ETFs) are set to receive the final approvals in Hong Kong as early as Monday next week.

According to a recent Matrixport report, these investment products could unlock up to $25 billion in demand from Chinese investors through the Southbound Stock Connect program.

This contradicts previous reports forecasting substantial capital inflows from mainland Chinese investors into the investment vehicles.

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets: HungaryChinaHong KongUnited States

Topics: Matrixport Bitcoin Spot ETF ETF Ether ETF Hong kong Bitcoin ETF

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-14 @ 13:30:04 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 427 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 20681680

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 3 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 21 hours ago

Coverage Areas: Hungary

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Publisher ID: #105

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