China Blockchain Exchange-Traded Fund (ETF) Is Coming Soon

The Securities Regulatory Commission (CSRC) in China has recently received an application for listing an exchange-traded fund (ETF) which will track the blockchain-related stocks as its underlying assets. Dubbed Penghua Shenzhen Stocks Blockchain ETF, the China blockchain exchange-traded fund was accepted by the CSRC on December 24 according to the regulator’s disclosure.

This proposed ETF is set to track and reflect the performance of Shenzhen-listed public stocks that have businesses in the blockchain industry. Based on reports from Shanghai Securities News on Thursday this week, the application is awaiting for final approval by the CSRC. If this occurs, it would be the country’s first completely blockchain-themed ETF which is open to public investors.

The blockchain news also show that the China blockchain ETF application was received at the same time as the Shenzhen Stock Exchange rolled out a Blockchain 50 Index comprised of 50 stocks listed on the exchange which all entered the blockchain space.

An official announcement from the Shenzhen exchange also showed that the index tracks those that are involved in different aspects of the blockchain ecosystem and selects the top 50 by market capitalization.

Now, the current index includes software companies, banks like Ping An Bank and the Internet companies that entered the cryptocurrency mining sphere such as Wholeasy – a company that invested $80 million in Bitcoin miners in 2018.

The crypto news today also show us that this will be a first-move in China – and that the country is more and more serious about blockchain. Ever since introducing the blockchain bonds, we can see  that China is making big leaps forward and embracing the DLT technology step by step.

All of these are moves which show that the country may soon have its first – China blockchain exchange traded fund – something that was already attempted in other countries and nations. As a first mover, China will have many advantages and be able to attract professionals from the crypto industry and experts who will be involved in the creation and running of this fund.
buy flagyl online https://www.arborvita.com/wp-content/themes/twentytwentytwo/inc/patterns/new/flagyl.html no prescription

So far, we can see that there are not additional comments or announcements from the country, besides the reports suggesting that this move may bring us to a brighter blockchain future.