China to get 1st Blockchain Exchange-Traded Fund

China is paving the way for its first ETF backed by blockchain-related stocks as the China Securities Regulatory Commission (CSRC) has accepted an application for the issuance of a blockchain exchange-traded fund (ETF). This is coming in the light of the United States hesitating to approve any crypto-backed exchange-traded funds (ETFs) The application was accepted precisely on Tuesday 24th Dec. filed by Penghua Fund, an asset management company based in China’s Shenzhen city. Although it is currently not known when a response will come but the Chinese blockchain community is on the lookout. However, if the application for the ETF