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

posted 5 months 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: bitcoin, opinion