A fund issued by Huabao Fund that indirectly invests in overseas cryptocurrency assets is being sold on multiple platforms such as Ant Wealth and China Merchants Bank.

PANews reported on December 12 that some netizens recently discovered that Huabao Fund is promoting a fund that indirectly invests in overseas cryptocurrency-related assets. The fund is Huabao Overseas Technology Stock (QDII-FOF-LOF), which is a compliant investment model for overseas assets. The largest ETF investment target is the cryptocurrency exchange Coinbase, while the second largest ETF investment target is the Bitcoin ETF.

This product is being sold normally on multiple fund distribution platforms in the industry, including Ant Wealth, Licai Tong, and China Merchants Bank, with a daily limit of 1000 yuan per person.

Earlier today, news surfaced that an advertisement for a cryptocurrency fund appeared on the Alipay page: a purchase limit of 1000 yuan per person per day.