An application for a blockchain-focused exchange-traded-fund (ETF) has been filed with China’s securities regulator, according to a disclosure from the China Securities Regulatory Commission.
The proposal, filed on Dec. 24 by Shenzhen-based asset manager Penghua Fund, is for an ETF that would track the performance of a basket of publicly-listed stocks from businesses in the blockchain sector.
If approved, the fund would be China’s first blockchain-themed ETF, according to a Dec. 26 news release from the state-run Shanghai Securities Journal (SSJ).
Shanghai Stock Exchange Launches “Blockchain 50 Index”
On the same day that Penghua Fund’s proposal was submitted, the Shenzhen Stock Exchange announced its “Blockchain 50 Index.”
The index is composed of the top 50 Shenzhen-listed blockchain firms by market capitalization. The list reportedly includes Ping An Bank, Midea Group and Zixin Pharmaceutical, among others. Read More...