The Financial Services Agency of Japan (FSA) does not plan to approve a bitcoin ETF in the near future. Reported by the Cointelegraph.
Information that the Japanese regulator can give the green light to a cryptocurrency ETF was previously announced by Bloomberg, citing some knowledgeable source.
At this moment, we are not exploring an approval of ETFs based on crypto assets.
Earlier, the FSA refused to release cryptocurrency futures to the market, pointing to their speculative nature.