Richard Byworth, managing partner of SyzCapital, has sparked rumors that bitcoin ETFs listed in Hong Kong will soon be available to mainland Chinese investors. Byworth's statements on X (formerly Twitter) indicate ongoing discussions about the possibility of integrating these ETFs into Stock Connect. Such integration could pave the way for large-scale inflows from mainland China into these digital asset funds.
Byworth argues that We are talking about the possibility of adding ETFs to the Stock Connect system. The implications of that are huge (meaning mainland funds will actually be able to buy them). " This statement followed a dialog started by Samson Mou, who commented on the remarkable early results of #bitcoin fund ChinaAMC, which raised $121 million on its first day of trading.
Will the Hong Kong bitcoin-ETF be open to mainland China?
Mou's statement that the Hong Kong bitcoin #ETF will be open to mainland China reflects his #optimism about the future of bitcoin ETFs in Hong Kong. Brian Hoon-Jong Paik, co-founder and COO of SmashFi, gave his opinion on the financial and socio-economic motivations that could spark mainland China's interest in the Hong Kong bitcoin ETF. He gave his opinion on the financial and socio-economic motivations behind mainland China's interest in the bitcoin ETF.
He highlighted that a huge portion of China's wealth is locked up in real estate, with about 100 million homes lying empty, indicating an urgent need for alternative investment opportunities to stabilize the socio-economic landscape. It is only a matter of time. The CCP needs alternative assets to mitigate social unrest," Baek said.
Paik also noted that there is a widespread misconception that mainland Chinese investors cannot currently invest in ETFs that can be purchased on the Hong Kong Stock Exchange. He explained that several existing financial vehicles already facilitate the active flow of mainland Chinese capital into the Hong Kong market.
Prominent examples are the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, which allow investors to trade stocks across the border, albeit with restrictions on daily trading quota.
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