IG Securities, the local arm of trading giant IG Group, is preparing to stop offering cryptocurrency ETF CFDs. The decision followed updated guidance from Japan’s Financial Services Agency (FSA), which clarified how crypto ETF CFDs should be handled in a revised policy.

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Suspension of New Orders

From Monday, December 1, 2025, IG Japan will no longer accept new orders for cryptocurrency ETF CFDs. Any pending orders at that time will reportedly be canceled.

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In its explanation, as translated from Japanese, the FSA clarified that ETFs containing specific crypto assets are essentially tied to the price of the underlying cryptocurrency. Thus, derivatives based on such ETFs, even if established overseas, are treated as transactions linked to crypto assets.

This means they fall under Japan’s regulations for crypto-related derivatives, which are designed to account for the unique risks and price volatility of digital assets.

Given that the creation and sale of crypto asset ETFs are currently prohibited in Japan, the FSA views offering derivatives based on overseas crypto ETFs as problematic.

The firm emphasized that this change is a direct response to the FSA’s updated guidance and comes after careful internal review. Customers holding current positions in crypto ETF CFDs will still be able to settle them, but they must act before the firm’s set deadline.

All positions must be closed by the close of trading on Saturday, January 31, 2026. IG Japan warned that any positions left open past this date will be forcibly liquidated at the closing price on January 31, 2026.

Products Affected

Standard trading fees will apply to both voluntary settlements and forced liquidations. The discontinuation specifically affects iShares Bitcoin Trust ETF and iShares Ethereum Trust ETF CFDs, which are currently available for 24-hour trading. Other products and services offered by IG Japan will continue unaffected.

IG Japan urged clients to plan their settlements in advance, noting that market conditions could make forced liquidation prices less favorable.

The brokerage also clarified that profits and losses from these transactions, whether voluntary or forced, will be reflected in client accounts normally and will be subject to comprehensive taxation as confirmed with Japanese tax authorities.

Source: Finance Magnates