Traditional financial media outside the circle have begun to report positively on the crypto market. Today, Beijing Business Daily's report revealed two messages:
First, the heads of mainland public fund institutions have dared to publicly express their attitudes, believing that the reduction in the supply of Bitcoin will further increase the price of Bitcoin;
Second, legal persons or natural persons in mainland China may not directly or indirectly purchase the Southern East Bank Bitcoin Futures ETF or Southern East Bank Ethereum Futures ETF without first obtaining all necessary government approvals in mainland China. The implication seems to be that if the funds of legal persons or natural persons are approved by the government, they can invest in these cryptocurrency ETFs.
Please see the relevant report:
According to Beijing Business Daily, whether it is Bitcoin, Ethereum spot ETF or Bitcoin, Ethereum futures ETF, the relevant products are not open to mainland investors for the time being. Southern East Bank said that as more market participants increase, it is expected that the demand for Bitcoin futures ETFs in Hong Kong, China will further increase, and the scale and trading volume will further increase. The reduction in the supply of Bitcoin will further increase the price of Bitcoin, boosting the market's positive sentiment and further promoting the increase in market demand for Bitcoin futures ETFs.
CSOP also mentioned that its sub-funds are not offered or sold directly or indirectly to legal persons or natural persons in mainland China, nor are they offered or sold for their benefit. In addition, legal persons or natural persons in mainland China may not directly or indirectly purchase CSOP Bitcoin Futures ETF or CSOP Ethereum Futures ETF without first obtaining all necessary government approvals in mainland China.
