Harvest Global Targets Mainland for Hong Kong Crypto ETFs

YEREVAN (CoinChapter.com) — Harvest Global Investments wants to open its crypto exchange-traded funds (ETFs) in Hong Kong to investors from mainland China, widening its investor base in a country that has kept its people from accessing crypto investment opportunities.

CEO Han Tongli recently discussed the possibility of including these ETFs in the ETF Connect scheme at the Bitcoin Asia conference.

“We don’t rule out applying for our ETFs to be included in the connect programme, as long as everything goes smooth and well in the next two years,”

Tongli remarked.

This integration would link Hong Kong’s ETFs with mainland Chinese exchanges through the broader Stock Connect initiative, a major financial bridge launched in 2014.

Lower Investment Interest So Far in Harvest Global Crypto ETFs

Hong Kong’s relatively liberal stance on cryptocurrency regulations offers a stark contrast to the more restrictive measures observed in mainland China, where commercial crypto activities face heavy limitations.

This open regulatory environment in Hong Kong could facilitate smoother access for mainland investors, who currently navigate a legal gray area concerning trading and ownership.

However, despite the groundbreaking nature of the spot crypto ETFs launched by Harvest Global and other financial companies, their market debut has seen modest trading volumes, especially when compared to the bustling U.S. market.

“People are still skeptical about Hong Kong’s status as a special [administrative] region. It’s located in China, and many don’t want to see Hong Kong become more successful for whatever reason,”

Han explained during a panel discussion.

However, the Harvest Global Crypto ETFs mastermind remains optimistic about Hong Kong’s strategic importance, suggesting that local market conditions could potentially double the size of U.S. products.

Competitive Advantages and Investor Appeal

Highlighting the unique features of Hong Kong’s crypto offerings, Han also emphasized the advantages of in-kind subscriptions—allowing investments directly with Bitcoin and Ether—and the temporary waiving of management fees to attract more investors. These initiatives are crucial for enhancing Hong Kong’s position as a significant player in the global cryptocurrency market.

This move by Harvest Global Investments could indeed reshape access and attitudes towards cryptocurrency investments across Greater China.

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