Mitsubishi UFJ, Nomura Securities, SBI Securities and other institutions support the priority launch of Bitcoin and Ethereum ETFs

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Cointime2024/10/26 03:55

By:Cointime

Bloomberg reported that Japan had been considering whether to follow overseas initiatives and allow ETF investments in cryptocurrencies, which has drawn the attention of mainstream institutions in Japan. Some Japanese companies have suggested that discussions should focus on major tokens such as Bitcoin and Ethereum, including proposals from organizations such as major trust banks Mitsubishi UFJ and Sumitomo Mitsui, cryptocurrency exchanges such as bitFlyer, and brokerage firms Nomura Securities and SBI Securities, stating that the huge market value and "stable returns" of these cryptocurrencies make them suitable for investors to accumulate assets in the medium to long term.

Officials from Japan's Financial Services Agency stated last month that the agency will review its regulatory approach to cryptocurrencies, and this assessment has no established conclusion and may take some time to complete.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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