According to the Commercial Times, the Financial Supervisory Commission pointed out that due to the high volatility of cryptocurrencies, countries are still exploring in this area. The Financial Supervisory Commission stated that it “will grasp global trends related to cryptocurrencies, collect and study the development of futures products and ETFs of cryptocurrencies abroad, and gradually relax restrictions based on market conditions”.
The Financial Supervisory Commission mentioned that several domestic investment trusts had expressed interest in issuing cryptocurrency ETFs and blockchain ETFs two years ago. However, the regulatory authorities have postponed the plans due to concerns about the high volatility and speculative nature of cryptocurrencies, fearing that investors may be harmed and disputes may arise. It is reported that in the future, fund issuers may start planning with “cryptocurrency concept ETFs” in public funds, such as investing in companies related to cryptocurrency software and hardware, rather than directly linking to cryptocurrency prices.
Several cryptocurrency concept ETFs have already been launched overseas, such as the “Amplify Transformational Data Sharing ETF” (BLOK) listed on NYSE Arca. This fund does not directly invest in blockchain technology, but invests in companies involved in the development and utilization of blockchain technology. Its holdings include stocks of bitcoin mining company CleanSpark and digital asset management company Galaxy Digital.