China may soon have its 1st blockchain related ETF

posted 7 months ago
China financial watchdog received an application for listing an ETF that will track blockchain-related stocks as underlying assets. Penghua Shenzhen Stocks Blockchain ETF application was filed by Shenzhen-based asset management firm Penghua Fund and was accepted by the CSRC on Dec. 24.

The proposed ETF aims to track and reflect the performance of Shenzhen-listed public stocks that have businesses in the blockchain industry. If approved, it would be the country's first completely blockchain-themed ETF open to public investors.
Tags: blockchain, news