A Chinese Bitcoin ETF to launch as early as next week?

According to Reuters, daily trading volumes on the streets of Hong Kong reach millions of yuan, sometimes even tens of millions. In short, the attraction to Bitcoin is far from fading. So now that BlackRock has taken the plunge, the arrival of a large Chinese investment fund is in the works. According to Reuters, the first approvals “may be announced next week.”

At least four asset managers from mainland China and Hong Kong are in the running. China Asset Management, Harvest Fund Management and Bosera Asset Management are on the shortlist. Each of these funds manages the equivalent of hundreds of billions of dollars in assets. When we see that Bitcoin has risen 60% since the launch of the US ETF, the arrival of a Chinese ETF is a good sign. Whether these volumes will be as high as those of BlackRock and Fidelity remains to be seen. As we have previously highlighted:

“The total size of Hong Kong ETFs is $450 billion, while the US is $6.4 trillion…” But who knows, with the Shanghai Stock Exchange stagnating for years, maybe the demand will surprise us.

Recently, a MEME coin Marvin (address 7055) on the Ethereum chain has also received special attention. Marvin is a meme coin with the concept of Musk. November 1 is Marvin's birthday. The Marvin community actively promotes it. Although the current market value is only 1 million US dollars, it may achieve a significant increase in the short term. #marvin果断入手 #新币挖矿已上线HMSTR #本周美国将公布PCE、GDP数据 #币安上线CATI #比特币盈利供应能否推动价格上涨？