Potential Game-Changer: Mainland China May Gain Access to Hong Kong’s Bitcoin ETFs (BTC)
- Richard Byworth, Managing Partner at SyzCapital, has sparked rumors suggesting that Bitcoin ETFs listed in Hong Kong could soon be accessible to investors from mainland China.
- Byworth’s comments on social media highlight the ongoing discussions about the possibility of the integration of these ETFs into the Stock Connect system.
- This integration could pave the way for a massive wave of capital inflow from the mainland into these digital asset funds.
Bitcoin ETFs in Hong Kong may soon be accessible to investors from mainland China, potentially leading to a significant capital inflow into these digital asset funds.
Bitcoin ETF In Hong Kong To Open For Mainland Chinese?
Samson Mow initiated a dialogue commenting on the impressive initial performance of the ChinaAMC Bitcoin ETF, which gathered $121 million on its first trading day. Brian HoonJong Paik, Co-founder & COO at SmashFi, added depth to the discussion, expressing his views on the financial and socio-economic motivations that could drive mainland Chinese interest towards Hong Kong’s Bitcoin ETFs.
Chinese Wealth Locked in Real Estate
Paik pointed out the vast amount of Chinese wealth locked in real estate, with approximately 100 million empty homes, indicating a dire need for alternative investment opportunities. He also clarified the misconception that investors from mainland China are currently restricted from investing in ETFs available on the Hong Kong Stock Exchange. Several existing financial arrangements already facilitate a robust flow ... Read the full article for FREE at COINOTAG!
