Hong Kong ETFs open the ‘door’ to Chinese RMB holders, issuers say
Fund issuers and industry experts hope Hong Kong’s new crypto ETFs will open the door for mainland Chinese investment in the future.
Spot crypto exchange-traded funds (ETFs) launched in the Hong Kong stock market have cracked the door open for a future wave of Chinese investors, according to industry experts.
Speaking to Bloomberg TV, China Asset Management’s CEO, Yimei Li, said that the launch of the spot Bitcoin (BTC) and Ether (ETH) ETFs on Tuesday “opens the door for a lot of RMB [Chinese yuan] holders” seeking alternative investments.
China Asset Management is one of three ETF issuers, including Harvest Global Investments and Bosera Asset Management, that launched its crypto product on the Hong Kong Stock Exchange on April 30.
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