Ethereum

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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/harvest-targets-chinese-market-with-bitcoin-etfs" rel="noopener noreferrer nofollow">Harvest Targets Chinese Market with Bitcoin ETFs</a><br></p>
<p style="text-align: justify">Harvest, a prominent Hong Kong-based <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">investment</a> fund issuer, has signaled its intentions to allow mainland Chinese <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">investors</a> to access <a href="https://en.bitcoinhaber.net/bitcoins-price-surge-creates-thousands-of-new-crypto-millionaires" rel="noopener noreferrer nofollow">Bitcoin</a> and Ethereum through ETFs. The company’s CEO and Chief Investment Officer, Han Tongli, aims to leverage the ETF Connect program to make this possible. This move could potentially open up significant new investment opportunities in the cryptocurrency market for Chinese investors.</p>
<h2 id="integration-through-etf-connect">Integration Through ETF Connect</h2>
<p style="text-align: justify">The ETF Connect program, initiated in 2022, received approval from both the China Securities Regulatory Commission and the Securities and Futures Commission. It is designed to foster greater <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">financial</a> integration between Hong Kong and mainland China, offering diverse asset allocation and enhancing liquidity. Tongli expressed optimism about applying for Harvest’s ETF funds inclusion in ETF Connect within the next two years, provided the regulatory landscape remains favorable.</p>
<h2 id="market-impact-and-regulatory-hurdles">Market Impact and Regulatory Hurdles?</h2>
<p style="text-align: justify">The potential inclusion of Bitcoin and Ethereum ETFs could significantly attract a large pool of Chinese investors, potentially stimulating the cryptocurrency markets. However, the success of this initiative hinges on the approval from Chinese authorities, who have historically adopted a cautious stance on cryptocurrencies. The regulatory atmosphere in China will play a crucial role in determining whether this innovative offering can proceed.</p>
<h3 id="key-inferences-for-investors">Key Inferences for Investors</h3>
<p style="text-align: justify">– The inclusion of Bitcoin and Ethereum ETFs in the ETF Connect could lead to increased investment from mainland China, potentially boosting the cryptocurrency market.<br> – Regulatory decisions by the Chinese government will be pivotal in either facilitating or hindering this access.<br> – <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">Investors</a> should monitor developments in this area closely as it could impact the broader cryptocurrency landscape significantly.</p>
<p style="text-align: justify">Even before the official launch of Bitcoin and Ethereum ETFs in Hong Kong on April 30, 2024, the possibility of providing these financial products to mainland Chinese investors was a topic of industry discussion. While the market impact of these ETFs in Hong Kong has been limited due to the smaller size of the local market compared to those of the United States or mainland China, the strategic importance of these offerings can not be underestimated. Analysts will be keeping a close eye on how these developments unfold, especially in terms of regulatory acceptance and market adoption in mainland China.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/harvest-targets-chinese-market-with-bitcoin-etfs" rel="noopener noreferrer nofollow">Harvest Targets Chinese Market with Bitcoin ETFs</a></h5>

Harvest Targets Chinese Market with Bitcoin ETFs

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