Major positive news, mainland China may directly purchase Bitcoin and Ethereum.
At the Bitcoin Asia Summit, Harvest Fund CEO Han Tongli discussed the possibility of incorporating BTC and ETH ETFs into ETF Connect, hoping to open a direct investment channel for mainland investors, which requires mature conditions and successful applications in the next two years.
The stock interconnection mechanism clarifies the openness of the capital market, but BTC and ETH ETFs do not meet the conditions due to their scale, listing time and non-Hong Kong stock components.
The existing regulatory policies in the mainland strictly prohibit financial institutions from being involved in virtual currency business, which constitutes a policy barrier. In summary, despite the policy and technical challenges, the market development
