Will Hong Kong's Bitcoin ETF become a conduit for dumping? Bloomberg analysts predict an issuance of only 500 million HKD, with Chinese retail investors unable to enter the market.
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Will Hong Kong’s Bitcoin ETF become a conduit for dumping? Bloomberg analysts predict an issuance of only 500 million HKD, with Chinese retail investors unable to enter the market.

According to the regulatory requirements of the Southbound Connect disclosed by the Hong Kong Monetary Authority, investment funds of the Southbound Connect need to be registered and approved by the Securities and Futures Commission of Hong Kong, and the Hong Kong banks that distribute the product must assess it as low to medium risk and non-complex. Wu also mentioned blockchain, and several Bitcoin ETF issuers in Hong Kong stated that the Southbound funds must absolutely not purchase virtual currencies and related ETFs. However, everything needs to be confirmed by the issuer.

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