Contact
In January 2024, U.S.A. approved listing and trading of Spot Bitcoin ETP. Crypto assets became accessible from the securities market.
However, if you are interested in Japanese readers, you need to think about how the U.S. ETF can be bought in Japan or how the tax system will be. If you have a direct coin or have an ETF, the storage, transfer, tax, and risk are quite different.
Change in ETF
ETFs and ETPs crossed cryptographic assets into the world of securities accounts.
Even if you don’t make an account for cryptocurrency exchangers, you can now access products linked to Bitcoin price as a stock market. This is great for institutional investors. Because it becomes easier to handle in terms of storage, sales rules, disclosure, and internal regulations.
However, SEC does not recommend Bitcoin itself. Approved is a system of listing and trading, and it does not mean that Bitcoin has become a safe asset. This line pull is quite useful.
Difference between direct holding and ETF
| 項目 | Buy Direct Coins | ETF |
|---|---|---|
| 口座 | Crypto Asset Exchanger | Securities Account |
| Private Key | Self-management may be related | Basically unnecessary |
| Send | can | Not available |
| DeFi | can | Not available |
| Purpose | Asset ownership, transfer and use | Price-linked investment |
| Risks | Exchanges, private keys, regulations | Product design, management fee, price divergence |
ETF reduces the burden of private key management. Instead, you can’t send real s, store them in your wallet, or use DeFi. It is easy to understand that it is a product that invests in the price.
Beware of articles for Japan
In Japan, it is not possible to buy Bitcoin ETF in the same way in domestic securities account.
The Financial Services Agency indicates a concern about the protection of investors on the handling of derivative goods based on the cryptographic assets ETFs that are formed overseas. The handling of domestic cryptographic assets ETFs and overseas ETFs requires confirmation for each regulation, securities company and product.
Taxation is not possible. In principle, there is a point of miscellaneous income in Japan. In the case of ETF, it is necessary to confirm by handling products, countries, and domestic.
Crypto Assets ETF has created a cryptocurrency market for institutional investors and securities accounts.
However, having a direct coin and having an ETF is another thing. If you want to remittance or self-management, it will be an ETF if you want to invest as a product that is directly held and price-linked. Do not mix the U.S. system and Japanese sales and tax system if you are thinking for Japan. The confidence of the article will change quite simply by separating this.