China AMC’s Bitcoin exchange-traded funds (ETFs) are set to provide a new avenue for Chinese investors who hold the country’s currency, according to CEO Yimei Li. Despite cryptocurrency trading being banned in mainland China, Li believes that the launch of these ETFs will open the door for RMB holders. She expressed hope that this would create a new opportunity for mainland Chinese investors to participate in the cryptocurrency investment process. The ETFs, which were announced by China AMC on April 29, offer unprecedented flexibility for investors, allowing both cash and in-kind transactions. They also include trading counters in USD, HKD, and RMB, making them the only Bitcoin and Ethereum ETFs to provide a Chinese yuan trading counter. China AMC reportedly has an initial offering period scale of $142 million for the Bitcoin ETF and HK$160 million for the Ethereum ETF.
