Mainland Chinese citizens will not be able to purchase Bitcoin and Ether ETFs in Hong Kong because mainland China banned crypto transactions years ago.) exchange-traded funds in Hong Kong will not open up the market for investors in mainland China, according to Bloomberg data analyst Jack Wang.of spot BTC and ETH ETFs, the three Chinese asset managers including China Asset Management, Harvest Global Investments and Bosera set the spot crypto ETFs through their Hong Kong subsidiaries on April 30.
“Mainland Chinese citizens will not be able to participate in this,” Wang said on April 24 during a Bloomberg webinar devoted to Hong Kong’s approval of spot crypto ETFs.“So even for the futures-based crypto ETF listed in Hong Kong — I actually tried to set a trade — the brokers will just directly reject the trade,” Wang stated, adding that Chinese investors are not going to get in touch with this product at all in the short term.
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