PANews reported on December 9th that, according to Yahoo News, the Japanese Financial Services Agency has revised its Q&A, explicitly stating that the availability of derivatives such as CFDs (Contracts for Difference) based on overseas cryptocurrency ETFs in Japan is "not ideal," citing the lack of approval for cryptocurrency ETFs in Japan and insufficient investor protection.

Japan's Financial Services Agency (FSA) pointed out that such products are essentially linked to the price of spot crypto assets and fall under the category of crypto derivatives, with insufficient risk disclosure and regulatory framework. As a result, IG Securities has announced the cessation of CFD trading based on US spot Bitcoin ETFs (such as IBIT). Regulatory direction indicates that Japan is unlikely to liberalize overseas ETF-linked crypto derivatives in the short term.