The China Securities Regulatory Commission (CSRC) has reportedly received an application to launch a blockchain exchange-traded fund (ETF).
According to CoinDesk, Shenzhen-based asset management firm Penghua Fund has filed to list the Penghua Shenzhen Stocks Blockchain ETF. The ETF aims to track the performance of Shenzhen-listed blockchain companies.
Based on a report from Shanghai Securities News on Thursday, if the application received final approval by the CSRC it would be the country’s first completely blockchain-themed ETF open to public investors.
The application was also received about the same time that the Shenzhen Stock Exchange (SSE) launched a blockchain index. The index, which tracks the 50 largest blockchain companies listed on the SSE, ranks stocks based on their six-month daily average market value and will be updated twice a year.
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