Bitcoin ETF

Bitcoin

Billion

Hong Kong, known as a global financial center and a conduit for Chinese investments abroad, appears on the verge of greenlighting a spot Bitcoin exchange-traded fund (ETF) closely linked to Bitcoin (BTC), the world's largest cryptocurrency.
<h2 id="hong-kong-bitcoin-etfs-ready-to-meet-25-billion-demand">Hong Kong Bitcoin ETFs Ready to Meet $25 Billion Demand</h2>
Anticipating this move, Singapore-based crypto services provider Matrixport predicts that such an investment vehicle could trigger a surge in demand of up to $25 billion from Chinese investors through its Southbound Stock Connect program.
This initiative allows qualified Chinese investors to access eligible shares listed on the Hong Kong stock exchange.
“A possible approval of Bitcoin Spot ETFs listed in Hong Kong could attract billions of dollars of capital as Chinese investors take advantage of the Southbound Connect program,” Matrixport's report said.
Related News: <a href="https://en.bitcoinsistemi.com/binance-announces-the-altcoin-it-chose-for-the-52nd-launchpool-project-bnb-mobilized-after-the-announcement/" target="_blank" rel="noopener noreferrer nofollow">Binance Announces the Altcoin It Chose for the 52nd Launchpool Project! BNB Mobilized After the Announcement!</a>
With an annual transaction capacity of up to RMB 500 billion (equivalent to $70 billion), the program holds significant potential for the BTC ETF market.
Estimating potential demand, Matrixport's analysis shows that as much as 200 billion Hong Kong dollars (about $25 billion) of the Southbound Connect program's unused quota over the past three years could become available for investment in Hong Kong-based Bitcoin ETFs.
The regulatory green light for these spot ETFs remains uncertain, especially in terms of accessibility for Chinese investors.
However, recent trends exemplified by the rise in gold prices on the Shanghai stock exchange indicate mainland China's interest in diversifying into alternative assets.
It is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/according-to-matrixport-report-hong-kongs-approval-of-bitcoin-etf-may-cause-a-demand-explosion/" rel="noopener noreferrer nofollow">According to Matrixport Report, Hong Kong's Approval of Bitcoin ETF May Cause a Demand Explosion!</a>

According to Matrixport Report, Hong Kong's Approval of Bitcoin ETF May Cause a Demand Explosion!

Mục lục

Bitcoin Sistemi EN

Các bài viết khác được xuất bản trên 12 thg 4, 2024

Bitcoin Hashrate Returns Near ATH, Forces BTC Difficulty To Grow 4%

Litecoin (LTC) Poised for Breakout: Key Signals Point to Surge Towards These New Price Targets

Shytoshi Kusama's Crucial New Message Shared by SHIB Team

BlastUP (BLP) Joins Dogecoin, XRP, and Cardano in the $1 Race. Who Will Reach This Milestone First?

Anticipation Rises for XRP’s Breakthrough to Surpass Dollar Mark

Solana DeFi Protocol MarginFi Experiences $214 Million Withdrawal After CEO Edgar Pavlovsky Steps...

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!