By Nermeen Nabil Khear 
A Hong Kong ETF issuer, HashKey Capital, recently dropped a bombshell on CNBC’s “Converge Live.” The company revealed that China is actively exploring a shift in its crypto policy.
HashKey Global CEO Chao Deng shared during the interview, titled “The Future of Crypto in China” that Beijing is reconsidering its long-standing crypto ban.
China Explores Crypto Shift, Could Impact Global Digital Finance
While China outlawed crypto trading and mining in 2013—once dominating 80% of global Bitcoin volume—it has allowed blockchain experimentation, particularly in Hong Kong. Deng highlighted Hong Kong’s role as a “lab for experiments” under the “one country, two systems” framework, suggesting it could pave the way for mainland China to jump on the crypto bandwagon.
This news comes amid global competition in digital finance. The U.S. recently made waves with President Trump’s March 2025 executive order establishing a Strategic Bitcoin Reserve, aiming to secure Bitcoin as “digital gold” with a capped supply of 21 million coins. China’s potential pivot could be a response to this, as some speculate it might involve creating its own strategic Bitcoin reserves.
JUST IN:
Hong Kong ETF issuer says China is actively exploring a shift in its Bitcoin and crypto policy
China is preparing to enter the game pic.twitter.com/PlZUR1djjR
— CryptosRus (@CryptosR_Us) March 24, 2025
For American investors, this development is a mixed bag. On one hand, China’s entry could pump significant capital into the crypto market—potentially $1 trillion, according to some analysts—causing altcoins to skyrocket. On the other hand, it might stir the pot, increasing competition and volatility. The U.S. crypto community is buzzing, with posts on X reflecting both excitement and skepticism.
More About Bitcoin ETFs
As of March 24, 2025, U.S. spot Bitcoin ETFs saw a net inflow of 979 BTC, totaling approximately $84.20 million. Among the top performers, BlackRock’s IBIT fund added 210 BTC, worth $18.10 million, while Fidelity’s FBTC saw a substantial increase of 963 BTC, valued at $82.90 million.
US Spot Bitcoin ETFs Net Inflow Update ( 24/03/2025)
Total Inflow: +979 BTC (+$84.20M)
BlackRock (IBIT): +210 BTC ($18.10M)
Overall, a positive inflow day & Bought 2 Days Mined Supply. pic.twitter.com/AFkwcmlGZx
— Crypto Patel (@CryptoPatel) March 25, 2025
However, ARK 21 Shares (ARKB) experienced a decline, with a reduction of 477 BTC, equaling a loss of $41 million. This shows that while Bitcoin ETFs are continuing to attract significant investment, some funds are facing challenges in the current market.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
The post China’s Crypto Shift: Hong Kong ETF Issuer Speaks Out appeared first on Altcoin Buzz.
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.