Japan’s financial watchdog might approve crypto ETFs after saying no to futures

posted 16 days ago
Japan’s financial watchdog has abandoned plans to allow listing derivatives based on cryptocurrencies but may approve exchange-traded funds that track the asset class, according to a person familiar with the matter.

The possibility of ETFs tracking digital assets in Japan could revive the appetite of retail investors after $500 million was stolen from Tokyo-based Coincheck Inc. a year ago. The Financial Services Agency is currently gauging industry interest in ETFs tracking digital currencies, according to a person familiar with the agency’s thinking who requested anonymity discussing private plans.
Tags: opinion, bitcoin