Harvest CEO believes the Hong Kong-mainland China ETF bridge program could enable crypto ETF access in mainland China.
The CEO of Harvest, the issuer of a spot Bitcoin (BTC) exchange-traded fund (ETF) in Hong Kong, is looking to make its Bitcoin ETF accessible to mainland Chinese investors.
Harvest CEO and chief investment officer Han Tongli is considering options that would allow mainland China investors to purchase its Bitcoin and Ether (ETH) ETFs. That would be possible by offering its products through Hong Kong’s ETF Connect framework, The South China Morning Post reported on May 9.
The ETF Connect was launched in 2022, and it was approved by the China Securities Regulatory Commission and the Securities and Futures Commission. The tool is designed to promote the interaction and integration of Hong Kong and mainland China, offer diverse asset allocation choices and promote liquidity.