2025 Virtual Derivatives Forum: Taiwan Promotes Bitcoin ETF! Connecting with TradFi to Unlock Billion-Level Potential

As the wave of dual-currency ETFs hits, the Derivatives Supervision Policy Forum points out answers to three major issues: Taiwan's regulations, the role of banks and investor protection. (Synopsis: 2025 Virtual Derivatives Forum" Taiwan's encryption "depth charge", legislator: no derivatives, overseas companies will not come) (Background supplement: 2025 Virtual Derivatives Forum" What should Taiwan crypto derivatives users do if they leave the country? Stablecoins should guard financial sovereignty) On July 8, Taipei's "2025 Virtual Asset Great Future - Derivatives Supervision Policy Forum" put the spotlight on "Dual Currency ETFs? The possibility and matching of issuing virtual asset ETF commodities in Taiwan", including derivatives of different cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). In the face of the global wave of ETFization, can Taiwan grasp the new situation? Global demand pushes up dual-currency ETFs World funds have shifted from a single Bitcoin to a "basket" of products. The long-term stable net inflow of Bitwise Rotation Fund and BlackRock IBIT drove the total size of crypto ETFs to $168.8 billion at the end of June, and attracted $16.5 billion in the first half of the year. High volatility combined with innovations such as put strategies, crypto and U.S. bond rotation shows that the global market has a strong appetite for crypto. At present, only professional institutions in Taiwan can purchase overseas ETFs through re-entrustment, and retail investors are still blocked out. The crux of the problem is that the Fund Management Measures determine that ETF components must be "marketable securities", and the Securities and Exchange Law does not include virtual currencies. Lin Hongyu, chairman of the Bitcoin and Virtual Assets Development Association, pointed out that Article 3 of the Securities Investment Advisory Law, "commodities approved by the competent authority", is expected to provide a shortcut, and only an administrative letter can be used to open the way, without major amendments. Banks are bridges between virtual and real Dai Songzhi, deputy general manager and head of the AI digital finance business group of Far Eastern Commercial Bank, said bluntly: Traditional finance and the currency circle have begun to get closer, which is a good phenomenon. He sharply pointed out the turning effect of Bitcoin ETF on the "value divergence" between the financial circle and the currency circle, Bitcoin ETF has made two originally parallel routes begin to meet, symbolizing that virtual assets are steadily moving forward in the three-stage process of "facilitation, mainstreaming, and assetization". Dai pointed out that the number of securities accounts in Taiwan with more than 13 million is much higher than that of cryptocurrency users, and if digital asset allocation through familiar channels such as ETFs in the future, it will significantly lower the barrier to entry. He also stressed that banks have key advantages in three aspects: high-net-worth customer diversion, compliance supervision capabilities and brand trust, and should actively play a driving role. At the same time, he pointed out three major challenges, including unclear regulations, technical talent gaps, and the trust in virtual assets within the bank has not yet been fully established, bluntly saying that "the real battlefield is actually the concept transformation within the bank". Dai Songzhi's view not only paints a blueprint for the entry of financial business for virtual asset ETFs in Taiwan, but also shows the deep gap between the real system and the internal culture. Banks have the ability to divert high-asset customers, compliance experience and brand trust, and if they can provide custody services, it will be an important piece of the puzzle for ETFs to get started. However, supervision details and transparency frameworks are the most important opportunities for banks to raise their heads. Crypto Investor Protection Are Taiwan's crypto investors currently in the Consumer Protection Act, the Gold Consumption Act, and the Fair Trade Act? Lin Mengxiang, head and associate professor of the Department of Financial Technology Application at Mingchuan University, reminds that basically speaking, it will not "ignore everyone", so there is no big problem. In the future, if the special law distinguishes between investment and payment assets, and specifies KYC, custody and insurance mechanisms, dual-currency ETFs will not only import global funds, but also bring investment protection into the market. The key for Taiwan to catch up with dual-currency ETFs is to break through the "marketable securities" framework, allow banks to join the ecosystem, and complement investor protection. If coordinated, this step will not only be commodity innovation, but also an important milestone in accelerating the transformation of digital finance. Related reports The first Solana pledged ETF listing in the United States: $33 million in firepower on the first day, but it is difficult to "make more profits"? SOL underperforms ETH Standard Chartered Bank Report: Bitcoin Q3 Rushes $135,000, ETF Reserve Boom Leads, Beware of High Leverage Volatility 〈2025 Virtual Derivatives Forum》Taiwan Promotes Bitcoin ETF! Connecting with traditional finance to open up hundreds of billions of potential" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".