The trade agreements between China and Hong Kong could allow mainland investors to access BTC ETF in Hong Kong.
While the first week of trading for the Hong Kong-based ETFs was lukewarm compared to its counterpart in the United States, Hong Kong’s proximity to China has made it a key point of discussion on whether these spot ETFs could be accessible to mainland China investors.
Investors in either market can utilize their local brokers and clearing houses to trade shares in the other market. The Stock Connect program covers a wide range of stocks but is subject to a daily quota. Brian HoonJong Paik, co-founder and chief operating officer at SmashFi, also addressed the rumors about mainland China investors potentially accessing the Hong Kong ETFs in the near future.that 70% of Chinese wealth is in real estate and that “there are now 100 million empty homes. The CCP needs an alternative asset to mitigate social unrest.”, Paik listed several trade arrangements between Shanghai and Hong Kong markets that could allow Chinese investors to invest in spot BTC ETFs in Hong Kong.
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