Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Harvest CEO ‘not ruling out’ application to offer Bitcoin, Ethereum ETF to mainland Chinese investors: SCMP
ADOPTION NEWS

Harvest CEO ‘not ruling out’ application to offer Bitcoin, Ethereum ETF to mainland Chinese investors: SCMP

By Crypto FlexsMay 12, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Harvest CEO ‘not ruling out’ application to offer Bitcoin, Ethereum ETF to mainland Chinese investors: SCMP
Share
Facebook Twitter LinkedIn Pinterest Email

Harvest Global CEO and CIO Tongli Han ‘does not rule out’ applying to offer Bitcoin and Ether exchange-traded funds through the Stock Connect program for mainland Chinese investors within the next two years “if all goes well” He said.

Harvest Global is one of Asia’s first spot Bitcoin and Ether ETF issuers, along with China Asset Management (ChinaAMC) and Bosera/HashKey. Bosera/HashKey listed on the Hong Kong Stock Exchange last month as part of the city’s plans to become a global cryptocurrency. hob.

Han’s remarks were made at the two-day Bitcoin Asia conference, which began in Hong Kong on Thursday, the South China Morning Post reported.

ETF Connect, launched in May 2022, will give mainland Chinese investors access to ETFs listed in Hong Kong. The scheme is an expansion of the Stock Connect scheme, launched in 2014, initially connecting stock exchanges in Hong Kong and Shanghai.

China’s access to cryptocurrency ETFs remains uncertain

Some in the cryptocurrency industry have suggested that a Hong Kong spot cryptocurrency ETF could attract significant investor interest from mainland China through the Stock Connect program, but it does not currently allow mainland investors to invest in Hong Kong’s cryptocurrency futures ETFs, let alone spot. not. Encryption response.

Given the ban on most commercial cryptocurrency activity on the mainland and China’s generally hostile stance toward the cryptocurrency industry, the prospects of such approval, whether applied for or not, remain highly uncertain.

Gary Tiu, managing director and head of regulatory affairs at OSL, which acts as the ETF’s sub-custodian and infrastructure services provider, told The Block ahead of the launch that Hong Kong’s cryptocurrency ETF was not included in the list of eligible securities. The Stock Connect program is not yet available, but “the possibility of such inclusion is something the market certainly likes.”

Hong Kong Cryptocurrency ETF Growth Potential

The Hong Kong spot cryptocurrency ETF was widely considered to have had a disappointing debut, with first-day trading volume of just $11.2 million. This pales in comparison to the first-day trading volume of $4.5 billion for the spot Bitcoin ETF launched in the US. In January.

However, the caveat is that despite the smaller Hong Kong market, issuers have already prepared assets under management before trading begins, whereas in the US they have held off until the ETF debuts.

SCMP said Han expected the product to have a slow start, but said the Hong Kong ETF could grow to twice the size of its U.S. counterpart as its appeal grows across the Asian region. Important step.

But last month, Bloomberg senior ETF analyst Eric Balchunas threw cold water on the potential of Hong Kong ETFs. “Don’t expect much flow. We think they’ll be lucky to get $500 million.” wroteThe Hong Kong ETF market is “small” and “local Chinese cannot buy them, at least not officially,” he added.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

AI starts a cost -effective batch API for LLM request.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

GBM Launches Auction Festival With The Sandbox, Aavegotchi, Unstoppable Domains, And More

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025
Most Popular

The spotlight shifts to three altcoins

February 29, 2024

NVIDIA JetPack 6.1 enhances camera performance and security with fTPM

November 22, 2024

Crypto’s optimism is not just an overex. Structural features.

May 30, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.