Japan is considering introducing the Crypto ETF

The Japanese financial regulator has dropped its inventory plans based on cryptographic options such as options and futures, but may still move on to the approval of exchange-traded funds to track the movement of digital coins. At least, he says familiar with the case.

Namely, the possibility of setting up an ETF to track digital assets in Japan can revive the appetite of Japan's retailers, especially after last year's $ 500 million stolen from the Tokyo-based Coincheck Exchange.

At the moment, the regulator looks at the possibilities of creating such an ETF. It seems that the industry needs such an instrument. Last month, Japan's Financial Services Agency rejected the idea of ​​looking at Crippto futures and listing options after judging that it would rather generate speculation and more scams. In addition, the body will start tracking ICO proposals more briefly, giving more power to self-regulating bodies, and reducing the leverage offered by Crippo brokers.

ETF's ability remains as the "Holy Grail" for the crypto industry because it can give Cripp's assets more legitimacy in the eyes of investors, making them more accessible. For the time being, however, these attempts have been totally dissuaded in Europe and the United States, citing concerns about cost manipulation and the overall security of digital assets.

Switzerland was the first country to adopt the idea with the listing of the Amun Crypto Basket Index ETF in November, which is traded under the "HODL" tittle.

The listing of the ETF on the much larger and liquid Japanese exchange will attract more interest. It is a fact, however, that in Japan, mutual funds are much more popular with retailers than ETFs.

Source: Bloomberg Finance L.P.

Graphs: Used with permission of Bloomberg Finance L.P.

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