Chinese Investors Offered Indirect Bitcoin Access Through Alipay Campaigns

Description

Huabao Overseas Technology C, a tech company offering Chinese investors indirect exposure to Bitcoin, has reportedly launched an advertisement promoting Bitcoin ETFs . On December 12, users of Alipay in mainland China discovered promotions on their homepages endorsing spot Bitcoin ETFs, which referred users to Huabao Overseas Technology. According to a report from local news agency Sina Finance, the firm, through a series of fund offerings labeled QDII-FOF-LOF, prov ides a gateway to indirectly ...