#今日市场观点
Great news! The legalization of digital currency in the mainland is accelerating, and the Hong Kong Bitcoin spot ETF is included in the Shanghai-Hong Kong Stock Connect. A new era of investment is coming!
Attention, investors! The pace of legalization of digital currency in the mainland is accelerating, and the inclusion of Hong Kong Bitcoin spot ETF in the Shanghai-Hong Kong Stock Connect plan has added a great benefit to this process! This is not only to liberalize legal currency transactions, but also an important step to incorporate digital currency into the formal financial system.
Seeing this trend, as long as the Hong Kong cryptocurrency ETF can show real profitability, domestic funds will naturally have ways and channels to flow into this market. Capital is profit-seeking, as long as it is profitable, they will find a way.
According to Richard Byworth, managing partner of SyzCapital and Bitcoin investor, the Hong Kong Bitcoin spot ETF has been included in the Shanghai-Hong Kong Stock Connect plan. This means that qualified investors in the mainland will be able to purchase Bitcoin spot ETFs in the Hong Kong market with a certain quota through the Shanghai-Hong Kong Stock Connect channel. This move not only provides mainland investors with more diversified investment options, but also injects new vitality into the Hong Kong digital currency market.
Although China banned Bitcoin mining and foreign cryptocurrency exchanges from providing services to customers in the country in 2021, Bitcoin is still considered legal property in multiple jurisdictions. This fact provides a solid legal basis for the legalization of digital currency in the mainland.
Next, we will see more exciting developments. Plans such as Hong Kong BTC/ETH ETF, QDII funds that can be subscribed and redeemed by mainland funds, and the inclusion of digital currencies in the Hong Kong Stock Connect for trading are progressing steadily. Although these developments take time, we can already foresee the arrival of a new era of digital currency investment.
Investors, don't over-expect or be too pessimistic! The process of legalizing digital currency in the mainland has begun, let us welcome this new era full of opportunities together!
