Can Bitcoin be bought in the mainland!? Recently, a fund named Huabao Overseas Technology C on a certain shopping platform has become a hot topic. The reason is simple: it is rumored that one can purchase Bitcoin through it. There are also reports from inexperienced investors who have seen similar cryptocurrency ads on that platform. Is it true or false? First of all, after on-site investigation, this fund cannot directly purchase Bitcoin, but it can indeed enjoy the returns from Bitcoin because it holds ARKB Bitcoin ETF-21shares managed by Cathie Wood. This Bitcoin ETF does track spot Bitcoin in real time, so essentially buying this fund is like going through two layers of financial derivatives on top of the spot Bitcoin. This is the charm or magic of finance. Secondly, currently this fund has a limit of 1000 yuan, and only allows a purchase of 1000 RMB per day, with very strong demand. This might be the most user-friendly cryptocurrency investment method for ordinary people in China, who are not familiar with trading or climbing up the investment ladder. Thirdly, because it is a derivative of a derivative and the fund is not 100% pegged to ARKB, it cannot follow Bitcoin's returns in real time or 100% closely. Additionally, with management fees and other costs, if Bitcoin rises by 10 yuan, it would be good if the fund rises by 7 yuan. Finally, despite this, such sandbox-based financial innovation is still worth encouraging. Bitcoin has no original sin and no nationality; simply erasing and closing it off will not lead to good management. If considered as a long-term passive investment, setting up a daily investment plan could also be a good investment choice within the walls. What do you think? #加密市场反弹 #BTC重返10万