search
Homeweb3.0Taiwan Allows Professional Investors to Access Cryptocurrency Exchange-Traded Funds (ETFs), Including Bitcoin ETFs

Taiwan’s Financial Supervisory Commission (FSC) has taken a landmark decision, allowing professional investors to gain exposure to cryptocurrency exchange-traded funds (ETFs), including Bitcoin ETFs.

Taiwan Allows Professional Investors to Access Cryptocurrency Exchange-Traded Funds (ETFs), Including Bitcoin ETFs

Taiwan’s Financial Supervisory Commission (FSC) has made a significant move to allow professional investors to gain exposure to cryptocurrency exchange-traded funds (ETFs), including those tracking Bitcoin. This development comes amidst rising global demand for crypto investment products, particularly in the U.S., where Bitcoin ETFs have garnered substantial attention.

As per the FSC rule, to mitigate the risk associated with the products, initially, only professional investors will have access to these ETFs. These include institutional entities, high-net-worth individuals, and legal entities with substantial assets and investment experience. However, retail investors in Taiwan will not yet be able to participate in these ETF trades.

The FSC in their press release clarified that securities firms must secure board approval before facilitating Bitcoin ETF investments for clients. Furthermore, non-institutional clients will be required to sign a risk warning before making their first crypto ETF purchase. These steps are part of the FSC's effort to regulate high-risk investment products while protecting investors.

This development follows months of global demand for Bitcoin ETFs, particularly after the U.S. market saw inflows of over $1 billion into Bitcoin ETFs last week. Taiwan’s decision mirrors the cautious yet forward-looking approach taken by other markets like Hong Kong and Australia, which have launched Bitcoin ETFs in a bid to offer regulated crypto investment opportunities.

The FSC also announced that it has started consultations with the Securities Business Association of the Republic of China to assess the risks associated with foreign crypto ETFs. This aligns with China’s broader strategy of carefully navigating the current market while providing investors with diversified product choices.

Moving on from institutional investors, all non-institutional clients need to be provided with detailed information about Bitcoin ETFs, along with regular education on virtual assets. This initiative is part of Taiwan’s ongoing regulatory efforts to ensure that investors are well-versed in the risks associated with these risky products.

The global craze for Bitcoin ETFs is rising, with strong interest in the U.S., Hong Kong, and Australia, even as Chinese investors continue to turn to Bitcoin amid economic challenges. Former Chinese Finance Minister Lou Jiwei recently urged caution regarding crypto’s potential impact on financial stability during the 2024 Tsinghua Wudaokou Chief Economists Forum.

Taiwan’s Financial Supervisory Commission (FSC) has acknowledged cryptocurrency’s growing importance by allowing professional investors to access Bitcoin ETFs while ensuring strict oversight and monitoring of the market.

The above is the detailed content of Taiwan Allows Professional Investors to Access Cryptocurrency Exchange-Traded Funds (ETFs), Including Bitcoin ETFs. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
SBI Holdings Teams Up With Franklin Templeton to Establish Digital Asset Management Company Targeting Bitcoin ETFs in JapanSBI Holdings Teams Up With Franklin Templeton to Establish Digital Asset Management Company Targeting Bitcoin ETFs in JapanJul 26, 2024 pm 03:16 PM

This venture aims to prepare for the potential approval of Bitcoin BTC/USD and cryptocurrency exchange-traded funds in Japan.

Jersey City Mayor Steven Fulop Announces Plans to Invest a Portion of the City’s Pension Fund into Bitcoin ETFsJersey City Mayor Steven Fulop Announces Plans to Invest a Portion of the City’s Pension Fund into Bitcoin ETFsJul 26, 2024 am 11:44 AM

Fulop, who has held office since 2013, revealed on July 25 that the city's pension fund is in the process of updating its paperwork with the US Securities and Exchange Commission (SEC) to include this new investment strategy.

Bitcoin ETFs See $45M Inflows Amid Market Fluctuations; MoonTaurus (MNTR) Gains Momentum as a Top Investment ChoiceBitcoin ETFs See $45M Inflows Amid Market Fluctuations; MoonTaurus (MNTR) Gains Momentum as a Top Investment ChoiceAug 13, 2024 am 06:08 AM

Spot Bitcoin exchange-traded funds (ETFs) have made a strong comeback with inflows of $45 million, signaling renewed interest from investors.

Bitcoin ETFs Bounce Back with Over $117 Million in InflowsBitcoin ETFs Bounce Back with Over $117 Million in InflowsSep 13, 2024 am 09:12 AM

Analyst Eric Balchunas has dismissed the current commotion over the alleged failure of Bitcoin ETFs. He stated that these items have been identified recently again as part of the inflows.

Spot Bitcoin (BTC) Exchange-Traded Funds in the United States See Net Outflows of $127.05 Million on Aug. 28 Led by ARK 21Shares’ ARKBSpot Bitcoin (BTC) Exchange-Traded Funds in the United States See Net Outflows of $127.05 Million on Aug. 28 Led by ARK 21Shares’ ARKBAug 28, 2024 pm 06:45 PM

Data from SoSoValue indicates that the 12 U.S. spot Bitcoin exchange-traded funds experienced net outflows on Aug. 28, breaking an eight-day streak of positive inflows.

Bitcoin ETFs See $39M Inflows, While Ethereum ETFs Witness $20M Outflows, Expressing Contrasting Market DevelopmentsBitcoin ETFs See $39M Inflows, While Ethereum ETFs Witness $20M Outflows, Expressing Contrasting Market DevelopmentsSep 13, 2024 pm 09:07 PM

The US crypto ETF market witnessed another shift in terms of flows on the 12th of September. As per a well-known on-chain analytics company Spot On Chain

Bitcoin (BTC) Exchange-Traded Funds (ETFs) in the U.S. Reported Net Inflows of $64.91 Million on August 22, 2024Bitcoin (BTC) Exchange-Traded Funds (ETFs) in the U.S. Reported Net Inflows of $64.91 Million on August 22, 2024Aug 24, 2024 am 03:44 AM

On Thursday, August 22, 2024, Bitcoin exchange-traded funds (ETFs) in the U.S. reported net inflows of $64.91 million, marking the sixth consecutive day of positive flows.

US Spot Bitcoin ETFs Maintain Positive Inflows Despite Market UncertaintyUS Spot Bitcoin ETFs Maintain Positive Inflows Despite Market UncertaintyAug 21, 2024 pm 06:36 PM

The recently launched spot Bitcoin exchange-traded funds (ETFs) in the United States have maintained a streak of positive inflows, even as the broader cryptocurrency market faces some uncertainty.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

Repo: How To Revive Teammates
1 months agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
2 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
Hello Kitty Island Adventure: How To Get Giant Seeds
1 months agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

Dreamweaver Mac version

Dreamweaver Mac version

Visual web development tools

MantisBT

MantisBT

Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SAP NetWeaver Server Adapter for Eclipse

SAP NetWeaver Server Adapter for Eclipse

Integrate Eclipse with SAP NetWeaver application server.

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)