An Exchange Traded Fund (ETF) is a type of security that tracks various forms of assets that can be purchased or sold on a stock exchange, similar to a regular stock. As cryptocurrency gains more prominence in modern society, more cryptocurrency ETFs are being approved by countries; however, very few countries have approved of a Bitcoin ETF. Sweden, Canada, Germany, Switzerland, Germany, France, Netherlands, and Brazil are currently the only countries in the world that have passed Bitcoin ETFs to be traded on their exchanges. Other countries are interested in developing their platform to be able to trade many different types of cryptocurrencies while some are mainly focused on Bitcoin. 

A common problem between countries that want to trade cryptocurrency assets is the resistance from their respective security councils. The Phillipine Stock Exchange wants to become a platform for trading cryptocurrency assets but is waiting for approval from its Securities and Exchange...