Posted 4/10/2024, 8:13:00 PM
Hong Kong Poised to Approve Bitcoin ETFs, Opening New Gateway for Chinese Investors Seeking Alternatives
- Hong Kong regulators likely to approve spot bitcoin ETFs soon, providing alternative for Chinese investors reluctant to invest in real estate and stocks
- ETFs could open floodgates for Chinese capital looking for new havens like gold and overseas assets
- Chinese investors piling into gold ETFs as alternative with domestic real estate and stocks troubled
- ETF approval could spur significant bitcoin inflows from Chinese investors diversifying into hard assets
- Flows may not match those into US ETFs; Hong Kong bitcoin futures ETFs much smaller than US counterparts