Harvest Global Investments CEO Eyes Mainland Access for Crypto ETFs Through ETF Connect Scheme

Chinese fund house Harvest Global Investments is paving the way for mainland investors to access its bitcoin and ether products through Hong Kong’s ETF Connect scheme. The company’s CEO, Han Tongli, expressed interest in including their crypto ETFs in the program, which links exchanges in mainland China and Hong Kong.

ETF Connect, launched in May 2022, allows mainland investors to access selected ETFs listed in Hong Kong. This potential inclusion of crypto ETFs could provide a significant confidence boost for the market and attract a new pool of investors to these emerging products.

Despite Beijing’s strict regulations on cryptocurrencies, Harvest remains optimistic about the possibility of their ETFs being included in the scheme. The recent launch of Hong Kong’s spot bitcoin and ether ETFs marked a milestone in the city’s efforts to establish itself as a crypto hub.

However, the initial trading volumes of these ETFs fell short of expectations, with many investors adopting a wait-and-see approach. Han acknowledged the skepticism surrounding Hong Kong’s commitment to the virtual asset sector but emphasized the region’s potential for growth in the crypto market.

As Harvest aims to become the largest spot crypto ETF provider in Hong Kong by the end of the year, the company is focused on expanding its offerings and attracting more investors. The recent Bitcoin Asia conference in Hong Kong highlighted the growing interest in crypto ETFs, with Harvest’s products receiving significant attention from investors.

With the potential inclusion of crypto ETFs in the ETF Connect scheme, Harvest and other issuers are optimistic about the future of the market and the opportunities it presents for both local and mainland investors. As the crypto landscape continues to evolve, Hong Kong’s position as a key player in the industry is becoming increasingly prominent.