Deep Tide TechFlow News, October 23, according to the Financial Times, although markets in the United States, Hong Kong, and others have approved spot cryptocurrency ETFs, Japanese regulators remain cautious. Oki Shiozawa, Chief Investment Officer at Sumitomo Trust Asset Management, stated that the Japanese Ministry of Finance generally holds a skeptical attitude towards cryptocurrencies, and the Financial Services Agency is also conservative in approving financial products.

Keisuke Kimura, Vice President of the Japan Crypto Asset Business Association, pointed out that current Japanese law does not allow for the inclusion of crypto assets in investment trusts (including ETFs). He emphasized that to change the status quo, society needs to more broadly accept that crypto assets can positively contribute to the asset formation of Japanese citizens.