Japanese regulator is weighing up allowing a Bitcoin ETF
- Japan’s Financial Services Authority are reported to be testing interest for a Bitcoin ETF, according to sources.
- Many market participants were hoping U.S. regulator approval for such an instrument, would see some chunky life come back into the cryptocurrency space.
The financial regulator in Japan is considering allowing Bitcoin (BTC), ETF - exchange-traded funds (ETF), according to an anonymous source, reported via Bloomberg. The publication covers that the Japanese FSA are testing the waters to allow a Bitcoin ETF.
A view to potentially given the green light for the financial instrument to trade on domestic markets. This coming in light of U.S. regulators that appear to be very much reluctant on the cryptocurrency ETFs, which much of the market has been hoping for.
There had been much anticipation and hope across the cryptocurrency market, for the U.S. regulators to give the nod to a Bitcoin ETF. Many believed this would be a key driver in providing a strong recovery for the entire market.
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
