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Absolutely no authority except for the CCP should be telling you that ordinary Chinese retail investors will have access to Bitcoin Spot ETFs.

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by COINS NEWS 120 Views

China's stagnated economic growth is caused by more than just the government of their country trying to engineer a soft-landing. There are rules to investing that typically retail investors in China do not have access to. We can thank the Chinese stock market crash of 2014 for that.

However, given that we are all crypto-bros here, I don't expect everyone to understand. Anyone can buy crypto outside of China, but China has been doing it's best to stop that from happening with its own people.

This, in and of itself, does not mean Chinese people should have zero access to the Bitcoin Spot ETFs in Hong Kong. Rather, I would think that only accredited investors in China would have access.

"What's an accredited investor?", you may ask? The long story short is that it's just someone with tons of money OR someone that can demonstrate that he or she has made trades that are extremely profitable in the six-figure or seven-figure range OR a combination of both of these people put into one. I haven't looked into this myself, but I imagine only Chinese accredited investors will have access to Spot bitcoin ETFs in Hong Kong. Rich people in China can travel to Hong Kong almost any time they want to and the cost of living there or cost of a nice vacation in Hong Kong to them means almost nothing compared to your average working class Chinese citizen.

TL;DR - Wait for the CCP to say ordinary Chinese retail investors can have access to spot bitcoin ETFs. Not the CEO of some company who reads the same headlines as us.

submitted by /u/sgtslaughterTV
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