Japan Explores Bitcoin and Crypto ETFs, New XRP Base Pairs Arrive, and Tron Tops Bitcoin SV to Become 9th Largest Cryptocurrency
Bitcoin and Crypto ETFs
Japan is reportedly exploring whether it should approve exchange-traded funds (ETFs) based on cryptocurrency.
The country’s Financial Services Authority (FSA) has turned its attention to ETFs after deciding to ban companies from listing cryptocurrency futures, according to a report from Bloomberg.
“The Financial Services Agency is currently gauging industry interest in ETFs tracking digital currencies, according to a person familiar with the agency’s thinking who requested anonymity discussing private plans. The regulator last month decided against pursuing revisions to the nation’s securities law which would have allowed crypto futures and options to be listed on major financial exchanges after concluding that such products would achieve little besides stoke speculation.”
The ETF market in Japan is worth about $335 billion.
XRP the Base Expands
After announcing it will feature XRP as a base pair, the Singapore-based crypto exchange Bitrue is adding pairs for the leading cryptocurrency at a rapid rate. Four more pairs are launching by the end of the week.
- Holochain (HOT)
- Pundi X (NPXS)
- district0x (DNT)
- Propy (PRO)
Once the new pairs are live, the exchange will have a total of 26 coins paired with XRP.
🎉#2 Week of 2019 @BitrueOfficial 🎉
— Bitrue (@BitrueOfficial) January 7, 2019
The price of Tron (TRX) has rallied more than 18% in the last week, according to the latest data on CoinMarketCap.
The rise follows news that BitTorrent, acquired by Tron last year, will launch its own Tron-based token called BitTorrent (BTT).