Starting April 30, these ETFs will focus on Bitcoin and Ether and are initially available only to Hong Kong residents. Yimei Li, CEO of China Asset Management—one of the three companies issuing these ETFs—told Bloomberg that these ETFs offer a fresh investment opportunity for mainland Chinese investors with RMB. This could eventually allow Chinese investors to participate in the future despite the ongoing ban on crypto trading in mainland. The anticipation surrounding the ETFs was heightened by speculations from industry players like Matrixport, which suggested demand from Chinese investors could reach $25 billion. ... (full story)