TechFlow reported on December 12 that, according to community user feedback, users of Alipay in mainland China have seen promotional advertisements for a cryptocurrency-related fund on their homepage. After verification, the product is identified as the Huabao Overseas Technology C (QDII-FOF-LOF) fund. This fund invests via the QDII program into ETFs managed by ARK Invest, thereby gaining indirect exposure to Coinbase stock and ARK's spot Bitcoin ETF. The daily purchase limit per individual is set at 1,000 RMB. The ad copy reads: "Global investment, surging cryptocurrencies, start investing from just 10 yuan, get on board now," and introduces key features of cryptocurrencies such as decentralization, security, and anonymity.
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