Alipay selling Cryptocurrency funds? Originally an indirect investment by Huabao Fund, subscription has been temporarily suspended.

Jinshi Data News on December 13th, recently, some netizens found that Huabao Fund promoted its issuance of a fund product on Alipay - Huabao Overseas Technology Stock (QDII-FOF-LOF) C (hereinafter referred to as "Huabao Overseas Technology C"), promoting "riding the pump market of Cryptocurrency", and "representing disruptive innovative technology: Cryptocurrency". According to the third-quarter report of Huabao Overseas Technology C this year, among the top ten funds with the highest proportion of fair value at the end of the reporting period, five of them are index funds managed by "Wood Sister" Cathy Wood under Ark Investment Management, accounting for a total proportion of 73.12%. Reporters logged in to multiple distribution platforms such as Ant Fortune, Licai Tong, Tian Tian Fund, CMB, and Snowball Fund, and found that the product is available on the above platforms, but since December 11th, both A-class and C-class shares have suspended large purchases, with a daily limit of 1000 RMB per person. However, on December 13th, Huabao Overseas Technology Stock Securities Investment Fund announced the suspension of subscription and regular investment services.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)