Mainland Chinese investors won't likely get the green light to buy the newly launched Hong Kong-listed spot bitcoin ETFs, Bloomberg Intelligence analysts reported...
Hong Kong's spot bitcoin ETFs are a positive for the industry overall, but given its relatively small market may not have a huge impact. Bloomberg analysts expect roughly $1 billion inflows in the first two years...
Investors in mainland China likely won't be allowed to buy into the newly approved Hong Kong-listed spot bitcoin ETFs, weakening excitement over the funds even further...
Bitcoin bulls have been looking to Hong Kong ETF approval as perhaps the next big catalyst for higher prices. Indeed, Matrixport last week suggested the funds could see as much as $25 billion in demand from Chinese investors...
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