Hong Kong ETFs Attract Chinese RMB Investors As Alternative Investments, Issuers Reveal

According to industry experts, ETFs now serve as alternative investment products for Chinese investors to diversify their crypto portfolio. Three ETF issuers launched their spot Bitcoin and Ether ETF products in Hong Kong on Tuesday, April 30. During an interview with Bloomberg TV, the CEO of China Asset Management, Yimei Li, discussed the great possibilities of the newly launched spot BTC and ETH ETFs in Hong Kong. As of April 30, three ETF issuers rolled out their spot ETF products on the Hong Kong Stock Exchange. Hong Kong residents have trading access to the newly-launched ETFs. After Hong Kong's ETFs launch, Chinese regulators are expected to monitor their development closely. Samson stated, "Bitcoin ETFs in HK are going to be big. Maybe not on day 1 or 2, but the long-term implications are massive. There is really nothing else for Chinese investors to put their money into at this time."