In a groundbreaking move, the Hong Kong stock market has introduced spot crypto exchange-traded funds (ETFs), sparking excitement among industry experts.
CEO of China Asset Management, Yimei Li, sees this as a golden opportunity for Chinese investors as it “opens door for a lot of RMB Holders” looking beyond traditional options.
Li, along with Harvest Global Investments and Bosera Asset Management, debuted Bitcoin and Ethereum ETFs on April 30, exclusively available to Hong Kong residents for now.
Li envisions a future where mainland Chinese investors can dive into these offerings as regulations evolve. Despite crypto trading bans in China, ETFs mark a significant step towards opening up to alternative investments.
Li added, “As the opening up progresses, we definitely hope that multi-assets will be available for domestic investors.”
Harvest Global CEO Han Tongli emphasizes regulators’ cautious approach, aiming to manage risks while gradually expanding market access.
Samson Mow, CEO of Jan3 and a Bitcoin pioneer, predicts significant growth for ETFs in Hong Kong, hinting at their vast long-term potential. However, mainland Chinese investors currently face restrictions, as confirmed by China Asset Management’s Zhu Haokang. Yet, there’s optimism that this could signal a new era of capital inflows from China down the line.
Overall, the launch of crypto ETFs in Hong Kong sets the stage for a dynamic shift in investment opportunities, igniting hopes of broader participation and market expansion in the future.
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