Share this article
China May Soon Have Its First Blockchain Exchange-Traded Fund
China Securities Regulatory Commission has recently received an application for listing a blockchain-based exchange-traded fund.
By Wolfie Zhao
Updated May 9, 2023, 3:05 a.m. Published Dec 30, 2019, 6:00 a.m.
China Securities Regulatory Commission (CSRC), the country's financial watchdog, has recently received an application for listing an exchange-traded fund (ETF) that will track blockchain-related stocks as underlying assets.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Dubbed Penghua Shenzhen Stocks Blockchain ETF, the application was filed by Shenzhen-based asset management firm Penghua Fund and was accepted by the CSRC on Dec. 24, according to the regulator's disclosure.
The proposed ETF aims to track and reflect the performance of Shenzhen-listed public stocks that have businesses in the blockchain industry.
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 received at the same time the Shenzhen Stock Exchange rolled out a Blockchain 50 Index comprised of 50 stocks listed on the exchange that have entered the blockchain space.
The Shenzhen exchange said in an announcement on Dec. 24 the index tracks those that are involved in different aspects of the blockchain ecosystem and selects the top 50 by market capitalization.
The current index list includes software companies, banks including Ping An Bank, as well as internet companies that entered cryptocurrency mining such as Wholeasy, which invested $80 million in bitcoin miners in 2018.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
JPMorgan’s tokenized dollars are quietly rewiring how Wall Street moves money
The Wall Street titan’s recent embrace of a public blockchain is a harbinger of things to come.
What to know:
- The move from a private chain to Coinbase’s Base layer is driven by demand from institutions, JPMorgan said.
- The only cash equivalent options available in crypto are stablecoins, so there’s a need for a bank deposit product for payments on public chains, according to the Wall Street bank
- Typically JPM Coin can be used on Base as a means to either keep collateral or make margin payments for transactions related to crypto purchases.
Top Stories
