Bitcoin ETFs coming to China?

[bluebit25]

If it is not support from the mainland, it may be opposition to bitcoin, after all, the story has happened many times before.
Although the impact on the market is obvious, to me this type of information only fluctuates in the short term because at this stage the acceptance is not only within a country with a large economy. somehow. Perhaps they also realize that the acts of banning and suppressing bitcoin cannot stop it from developing. Previously, I have heard many experiments about blockchain technology applied to fiat and see that they also have different approach to crypto sector development. Although spot ETFs are something that drives the participation of many large investors, it depends on the timing of the game as we all understand it does not bring success to everyone.

[yhiaali3]

I expect that China is using a dual policy, on the one hand allowing cryptocurrencies and ETFs to operate in its Hong Kong and on the other hand banning Chinese citizens on the mainland from Bitcoin and cryptocurrencies.

I also understand that China does not want to miss the great economic opportunity that cryptocurrencies and ETFs bring and is trying to make Hong Kong an open region to attract large investments, but at the same time it rejects the Chinese’s use of cryptocurrencies and imposes on them the central Chinese yuan, which is under its absolute control.