Funds issued by Huabao Fund and indirectly invested in overseas cryptocurrency assets are sold on multiple platforms such as Ant Fortune and China Merchants Bank.

PANews reported on December 12 that recently, some netizens discovered that Huabao Fund was promoting a fund it issued that indirectly invests in overseas cryptocurrency-related targets and assets. It is understood that the fund is Huabao Overseas Technology Stock (QDII-FOF-LOF), a model of compliant investment in overseas assets. The largest ETF investment target is the cryptocurrency exchange Coinbase, and the second largest ETF investment target is the Bitcoin ETF.

This product is sold normally on multiple fund distribution platforms in the industry, including Ant Fortune, Wealth Management, and China Merchants Bank. The current daily limit for each person is RMB 1,000.

Earlier today, it was reported that an advertisement for a cryptocurrency fund appeared on the Alipay page: each person is limited to purchasing 1,000 yuan per day.