On January 7, CCN reported that the Financial Services Agency (FSA) of Japan is considering the approval of the countrys first Bitcoin exchange-traded fund (ETF).
With the final deadline of the VanEck Bitcoin ETF on the horizon, could the approval of a Bitcoin ETF in Japan have an impact on the decision of the U.S. Securities and Exchange Commission (SEC)?
Read more:https://www.ccn.com/could-japans-approval-of-the-bitcoin-etf-affect-us-secs-decision/
Will the SEC approve a Bitcoin ETF? Any thoughts?
the most probable answer is right in the article:
The probability of the approval of a Bitcoin ETF in the U.S. by February remains low. A pro-crypto SEC commissioner Hester Peirce previously said that investors should not wait on a Bitcoin ETF because it may take days or years for the commission to approve it.
anyway, the FSA is just
considering it. it may not be under serious consideration and we have no idea about a timeline. given that they rejected the idea of making legal changes to allow bitcoin futures, i wouldn't get my hopes up.
if japan did approve an ETF, i could see it influencing the SEC but probably over the course of several years. it wouldn't have an immediate effect.