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CryptoIntelligence 2024-04-28 18:24:36

Hong Kong’s Spot Crypto ETF Launch: No Gateway for Mainland China Investors

The impending debut of spot Bitcoin and Ether exchange-traded funds (ETFs) in Hong Kong won’t extend market access to investors in mainland China, as per insights from Bloomberg data analyst Jack Wang. After Hong Kong gave the nod to spot BTC and ETH ETFs, three Chinese asset management firms—China Asset Management, Harvest Global Investments, and Bosera—set the stage for the spot crypto ETFs via their Hong Kong subsidiaries by April 30. Despite the close affiliations of ETF issuers with mainland China, they won’t be facilitating Bitcoin or Ether exposure for investors in that jurisdiction. “Mainland Chinese citizens will not be

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