Headline: 🇨🇳 THE DRAGON AWAKENS: Hong Kong ETFs Smash Volume Records as China "Soft Opening" Rumors Explode! 🐲🚀
While the US market sleeps, the East is buying.
Overnight data from Hong Kong confirms a massive spike in volume for Spot Bitcoin and Ethereum ETFs, coinciding with leaked reports that Beijing may be quietly approving "Southbound Capital" (mainland money) to enter the crypto market.
🔥 The Breaking News (Feb 6, 2026):
Record Inflows: Hong Kong crypto ETFs recorded $1.2 Billion in inflows in a single session—the highest since their launch.
The "Whitelist" Rumor: Sources suggest that specific Chinese state-owned enterprises (SOEs) have been "whitelisted" to diversify their reserves into digital assets via Hong Kong.
Sector Explosion: The "China Narrative" coins are flying. Conflux (
$CFX ) is up +45%, leading the charge, followed closely by VeChain (
$VET ) and Neo (
$NEO ).
💡 My Take:
We have seen this movie before. When Asian liquidity enters the chat, the pumps are violent and sustained. If China is indeed using Hong Kong as a proxy to re-enter the crypto game, we are looking at a multi-trillion dollar capital injection. Do not ignore the Asian timestamps.
#ChinaCrypto #CFX #VET