Potential $25 Billion Investment in Hong Kong Bitcoin ETFs by Mainland Chinese Investors via Southbound Stock Connect

Matrixport, a Singapore-based crypto services provider, has estimated that mainland Chinese investors could invest up to $25 billion in potential Hong Kong-listed spot bitcoin exchange-traded funds (ETFs) through the Southbound Stock Connect program. Hong Kong is set to approve a spot bitcoin ETF tied to bitcoin, which could unlock demand from Chinese investors. The estimate is based on the assumption that the average amount of the unused annual Southbound connect quota over the past three years would be channeled into the spot ETFs. However, it is unclear whether the impending spot ETFs will be open for mainland Chinese investors.