Hong Kong Crypto ETF issuer says there is an “open door for Chinese RMB holders”
Yimei Li said that there is an opportunity for mainland Chinese investors to participate in the Bitcoin market via ETFs.
Today we reported that Bitcoin & Ethereum spot ETF products debuted in the stock market of Hong Kong successfully, following approval from the financial regulators last week.
Before the launch of these crypto ETF products, many experts already predicted that no mainland Chinese investor would be allowed to get exposure to these ETFs, as these are linked with cryptocurrencies which are fully prohibited under the laws of the Chinese government. By considering this factor, experts said that they don’t expect a high amount money inflow, as there is a crypto blanket ban barrier.
In the latest, China Asset Management’s CEO, Yimei Li, shared her opinion and indirectly said that Crypto ETFs are a new opportunity for mainland Chinese investors to participate in the crypto sector.
She said Chinese Yuan (RMB) holders, who are looking for investment in alternative financial instruments, can invest in crypto ETFs.
On the other hand, Harvest Global CEO Han Tongli said that Chinese regulators will closely monitor the development of Hong Kong’s new ETFs, aiming to control risks. He expressed confidence that the market will gradually open as long as regulators are satisfied with risk levels.
Bitcoin pioneer Samson Mow shared his happiness on the launch of crypto spot ETF and said that it is going to be a very big thing in the future.
Samson also said that don’t expect something big for the next few days, as good things take time.
Read also: Bitcoin spot ETF starts trading in Hong Kong, foreigners also can trade
