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.