The CEO of Harvest, the issuer of a spot Bitcoin ETC in Hong Kong, is looking to make its Bitcoin ETF accessible to mainland Chinese investors.
Harvest CEO and chief investment officer Han Tongli is considering options that would allow mainland China investors to purchase its Bitcoin and Ether ETFs. That would be possible by offering its products through Hong Kong’s ETF Connect framework, The South China Morning Postin 2022, and it was approved by the China Securities Regulatory Commission and the Securities and Futures Commission.
As long as “everything goes smooth and well” in the next two years, Harvest doesn’t rule out the opportunity of applying for its ETFs to be included in the ETF Connect, CEO Tongli said.The potential inclusion of Bitcoin and Ether ETFs in the ETF Connect program could be a massive bullish trigger on cryptocurrency markets, as China has a large investor pool.
According to Bloomberg data, some Hong Kong-based subsidiaries of mainland China companies have 1,400% more assets in the mainland Chinese market than in the local one. According to some sources, all Hong Kong ETFs should account for 0.6% of the U.S. ETF market.
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