Japan 's Financial instruments Agency ( plc ) has raised rumours it is considering approving a bitcoin exchange - traded fund , and said there was " no need for trading crypto - assets derivatives at financial instrument exchanges " . The comments followed recent reports that the fund was putting on the green light to bitcoin ETFs as an alternative to bitcoin futures .
Japan's Financial Services Agency (FSA) has scotched rumours it is considering approving a bitcoin exchange-traded fund, and said there was "no need for trading crypto-assets derivatives at financial instruments exchanges". The comments followed recent reports that the FSA was pondering giving the green light to bitcoin ETFs as an alternative to bitcoin futures.