FT News Briefing Japan refocuses on semiconductors
Oct 19, 2021
Japan is making bold moves to reinvigorate its semiconductor sector in response to fierce global competition. They are developing a long-term strategy to enhance supply chain resilience and attract foreign investment. The launch of a Bitcoin exchange-traded fund is set to revolutionize how regular investors engage with cryptocurrency. Meanwhile, China's recent hypersonic missile test has raised alarms, prompting a reassessment of military strategies in the U.S. as tensions continue to escalate in the tech race.
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Bitcoin ETF Accessibility
- The first Bitcoin-linked ETF listing opens the market to more investors.
- This allows investors in 401ks and IRAs to have Bitcoin allocation via futures.
SEC's Stance on Bitcoin ETFs
- The SEC's approval of Bitcoin futures ETFs reflects comfort with regulated crypto products.
- Pressure from other countries' ETF launches and existing crypto investments likely influenced the decision.
China's Hypersonic Missile Test
- China tested a nuclear-capable hypersonic missile that circled the globe.
- This test demonstrated fractional orbital bombardment and hypersonic glide vehicle capabilities.