Qu\u1ef9 T\u00e0i s\u1ea3n Qu\u1ed1c gia Li\u00ean th\u1ebf h\u1ec7 c\u1ee7a Luxembourg, \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 FSIL, \u0111\u00e3 \u0111\u1ea7u t\u01b0 1% danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a m\u00ecnh v\u00e0o c\u00e1c qu\u1ef9 giao d\u1ecbch trao \u0111\u1ed5i Bitcoin (ETF). Gi\u00e1m \u0111\u1ed1c Kho b\u1ea1c v\u00e0 T\u1ed5ng th\u01b0 k\u00fd Bob Kieffer \u0111\u00e3 chia s\u1ebb \u0111\u1ed9ng th\u00e1i n\u00e0y sau khi B\u1ed9 tr\u01b0\u1edfng T\u00e0i ch\u00ednh Gilles Roth \u0111\u1ec1 c\u1eadp \u0111\u1ebfn n\u00f3 trong bu\u1ed5i tr\u00ecnh b\u00e0y Ng\u00e2n s\u00e1ch n\u0103m 2026 t\u1ea1i Chambre des D\u00e9put\u00e9s. Vi\u1ec7c ph\u00e2n b\u1ed5 n\u00e0y tuy nh\u1ecf nh\u01b0ng \u0111\u00e1ng ch\u00fa \u00fd v\u00ec \u0111\u00e2y l\u00e0 m\u1ed9t trong nh\u1eefng \u0111\u1ed9ng th\u00e1i \u0111\u1ea7u ti\u00ean c\u1ee7a m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c nh\u00e0 n\u01b0\u1edbc th\u00e0nh vi\u00ean Li\u00ean minh Ch\u00e2u \u00c2u h\u1ed7 tr\u1ee3 s\u1eed d\u1ee5ng ETF Bitcoin thay v\u00ec n\u1eafm gi\u1eef tr\u1ef1c ti\u1ebfp ti\u1ec1n xu. FSIL qu\u1ea3n l\u00fd kho\u1ea3ng 764 tri\u1ec7u Euro, v\u00ec v\u1eady 1% t\u01b0\u01a1ng \u0111\u01b0\u01a1ng v\u1edbi kho\u1ea3ng 9 tri\u1ec7u \u0110\u00f4 la M\u1ef9 ti\u1ebfp x\u00fac v\u1edbi Bitcoin th\u00f4ng qua ETF.<\/p>\n\n
Kieffer cho bi\u1ebft l\u1ef1a ch\u1ecdn n\u00e0y tu\u00e2n theo ch\u00ednh s\u00e1ch \u0111\u1ea7u t\u01b0 m\u1edbi m\u00e0 Ch\u00ednh ph\u1ee7 \u0111\u00e3 ph\u00ea duy\u1ec7t v\u00e0o th\u00e1ng 7 n\u0103m 2025 v\u00e0 b\u1ea3n c\u1eadp nh\u1eadt khung ph\u00e1p l\u00fd \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 v\u00e0o cu\u1ed1i th\u00e1ng 9 sau m\u1ed9t \u0111\u00e1nh gi\u00e1 v\u00e0o gi\u1eefa th\u00e1ng 6. Qu\u1ef9 s\u1ebd gi\u1eef h\u1ed7n h\u1ee3p c\u1ed1t l\u00f5i c\u1ee7a m\u00ecnh tr\u00ean th\u1ecb tr\u01b0\u1eddng v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu v\u00e0 n\u1ee3, \u0111\u1ed3ng th\u1eddi b\u1ed5 sung th\u00eam c\u00e1c t\u00e0i s\u1ea3n thay th\u1ebf. Theo ch\u00ednh s\u00e1ch, FSIL c\u00f3 th\u1ec3 ph\u00e2n b\u1ed5 t\u1ed1i \u0111a 15% cho c\u00e1c l\u1ef1a ch\u1ecdn thay th\u1ebf bao g\u1ed3m ti\u1ec1n \u0111i\u1ec7n t\u1eed, b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u00e0 v\u1ed1n c\u1ed5 ph\u1ea7n t\u01b0 nh\u00e2n. \u00d4ng cho bi\u1ebft h\u1ed9i \u0111\u1ed3ng qu\u1ea3n tr\u1ecb \u0111\u00e1nh gi\u00e1 r\u1eb1ng 1% t\u1ea1o ra s\u1ef1 c\u00e2n b\u1eb1ng cho m\u1ed9t qu\u1ef9 c\u00f4ng c\u00f3 s\u1ee9 m\u1ec7nh li\u00ean th\u1ebf h\u1ec7. N\u00f3 b\u00e1o hi\u1ec7u s\u1ef1 tin t\u01b0\u1edfng v\u00e0o ti\u1ec1m n\u0103ng d\u00e0i h\u1ea1n c\u1ee7a Bitcoin \u0111\u1ed3ng th\u1eddi gi\u1eef cho r\u1ee7i ro \u0111\u01b0\u1ee3c gi\u1edbi h\u1ea1n.<\/p>\n\n
L\u1ed9 tr\u00ecnh th\u00f4ng qua c\u00e1c qu\u1ef9 giao d\u1ecbch trao \u0111\u1ed5i nh\u1eb1m m\u1ee5c \u0111\u00edch gi\u1ea3m r\u1ee7i ro ho\u1ea1t \u0111\u1ed9ng. ETF cung c\u1ea5p quy\u1ec1n l\u01b0u k\u00fd \u0111\u01b0\u1ee3c quy \u0111\u1ecbnh, \u0111\u1ecbnh gi\u00e1 h\u00e0ng ng\u00e0y v\u00e0 ki\u1ec3m to\u00e1n, \u0111i\u1ec1u m\u00e0 nhi\u1ec1u t\u1ed5 ch\u1ee9c th\u00edch h\u01a1n so v\u1edbi quy\u1ec1n l\u01b0u k\u00fd ti\u1ec1n \u0111i\u1ec7n t\u1eed tr\u1ef1c ti\u1ebfp. L\u1ef1a ch\u1ecdn \u0111\u00f3 c\u0169ng ph\u00f9 h\u1ee3p v\u1edbi h\u00ecnh \u1ea3nh c\u1ee7a Luxembourg nh\u01b0 m\u1ed9t trung t\u00e2m qu\u1ef9 v\u1edbi s\u1ef1 qu\u1ea3n tr\u1ecb ch\u1eb7t ch\u1ebd, ki\u1ec3m so\u00e1t AML\/CFT v\u00e0 s\u1ef1 ch\u00fa \u00fd c\u1ee7a k\u1ef7 nguy\u00ean MiCA \u0111\u1ebfn t\u00ednh to\u00e0n v\u1eb9n c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u1edf Li\u00ean minh Ch\u00e2u \u00c2u. Kieffer tr\u00ecnh b\u00e0y b\u01b0\u1edbc n\u00e0y nh\u01b0 m\u1ed9t s\u1ef1 c\u00f4ng nh\u1eadn r\u1eb1ng th\u1ecb tr\u01b0\u1eddng t\u00e0i s\u1ea3n k\u1ef9 thu\u1eadt s\u1ed1 cho th\u1ea5y s\u1ef1 tr\u01b0\u1edfng th\u00e0nh ng\u00e0y c\u00e0ng t\u0103ng v\u00e0 Luxembourg mu\u1ed1n duy tr\u00ec v\u1ecb tr\u00ed d\u1eabn \u0111\u1ea7u trong l\u0129nh v\u1ef1c t\u00e0i ch\u00ednh k\u1ef9 thu\u1eadt s\u1ed1 \u1edf Ch\u00e2u \u00c2u.<\/p>\n\n
Th\u1eddi \u0111i\u1ec3m n\u00e0y n\u1ed5i b\u1eadt v\u00ec m\u1ed9t b\u00e1o c\u00e1o r\u1ee7i ro qu\u1ed1c gia n\u0103m 2025 \u0111\u00e3 g\u1eafn c\u1edd m\u1ed9t s\u1ed1 c\u00f4ng ty ti\u1ec1n \u0111i\u1ec7n t\u1eed nh\u1ea5t \u0111\u1ecbnh l\u00e0 c\u00f3 r\u1ee7i ro cao v\u1ec1 r\u1eeda ti\u1ec1n. Tuy nhi\u00ean, c\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh \u0111\u1ecba ph\u01b0\u01a1ng v\u1eabn ti\u1ebfp t\u1ee5c th\u1eed nghi\u1ec7m c\u00e1c con \u0111\u01b0\u1eddng \u0111\u01b0\u1ee3c quy \u0111\u1ecbnh v\u00e0o t\u00e0i s\u1ea3n k\u1ef9 thu\u1eadt s\u1ed1. Vi\u1ec7c s\u1eed d\u1ee5ng tr\u00ecnh bao b\u1ecdc ETF Bitcoin cho ph\u00e9p c\u00e1c nh\u00f3m tu\u00e2n th\u1ee7 \u00e1p d\u1ee5ng c\u00e1c quy t\u1eafc hi\u1ec7n h\u00e0nh \u0111\u1ed1i v\u1edbi ch\u1ee9ng kho\u00e1n, gi\u1edbi h\u1ea1n danh m\u1ee5c \u0111\u1ea7u t\u01b0 v\u00e0 ki\u1ec3m tra \u0111\u1ed1i t\u00e1c trong khi tr\u00e1nh qu\u1ea3n l\u00fd v\u00ed tr\u1ef1c ti\u1ebfp. FSIL c\u0169ng l\u01b0u \u00fd r\u1eb1ng quy\u1ebft \u0111\u1ecbnh n\u00e0y \u0111\u01b0\u1ee3c \u0111\u01b0a ra sau m\u1ed9t \u0111\u00e1nh gi\u00e1 r\u1ed9ng r\u00e3i v\u1ec1 c\u00e1c \u01b0u ti\u00ean kinh t\u1ebf, x\u00e3 h\u1ed9i v\u00e0 m\u00f4i tr\u01b0\u1eddng, v\u1ed1n h\u01b0\u1edbng d\u1eabn c\u00e1ch m\u1ed9t qu\u1ef9 t\u00e0i s\u1ea3n c\u00f3 ch\u1ee7 quy\u1ec1n \u0111\u1ea7u t\u01b0 ti\u1ec1n c\u00f4ng qua nhi\u1ec1u chu k\u1ef3.<\/p>\n\n
Tr\u00ean kh\u1eafp Ch\u00e2u \u00c2u, ng\u00e0y c\u00e0ng c\u00f3 nhi\u1ec1u ng\u01b0\u1eddi ch\u01a1i c\u00f4ng c\u1ed9ng \u0111ang nghi\u00ean c\u1ee9u Bitcoin. Qu\u1ef9 t\u00e0i s\u1ea3n c\u00f3 ch\u1ee7 quy\u1ec1n c\u1ee7a Na Uy \u0111\u00e3 t\u0103ng c\u01b0\u1eddng ti\u1ebfp x\u00fac gi\u00e1n ti\u1ebfp v\u1edbi Bitcoin trong n\u0103m qua th\u00f4ng qua c\u00e1c c\u00f4ng ty ni\u00eam y\u1ebft n\u1eafm gi\u1eef ho\u1eb7c cung c\u1ea5p d\u1ecbch v\u1ee5 ti\u1ec1n \u0111i\u1ec7n t\u1eed. Ng\u00e2n h\u00e0ng Qu\u1ed1c gia S\u00e9c \u0111\u00e3 t\u0103ng c\u1ed5 ph\u1ea7n c\u1ee7a m\u00ecnh trong c\u1ed5 phi\u1ebfu c\u1ee7a s\u00e0n giao d\u1ecbch Coinbase c\u1ee7a Hoa K\u1ef3 v\u00e0o gi\u1eefa th\u00e1ng 7 v\u00e0 \u0111\u00e3 th\u1ea3o lu\u1eadn v\u1ec1 m\u1ed9t danh m\u1ee5c \u0111\u1ea7u t\u01b0 th\u1eed nghi\u1ec7m nh\u1ecf \u0111\u1ec3 nghi\u00ean c\u1ee9u Bitcoin thay v\u00ec s\u1ee3 n\u00f3. \u1ede Th\u1ee5y \u0110i\u1ec3n, m\u1ed9t th\u00e0nh vi\u00ean qu\u1ed1c h\u1ed9i \u0111\u00e3 \u0111\u1ec1 xu\u1ea5t m\u1ed9t kho\u1ea3n d\u1ef1 tr\u1eef Bitcoin trung l\u1eadp v\u1ec1 ng\u00e2n s\u00e1ch v\u00e0o m\u00f9a xu\u00e2n n\u00e0y \u0111\u1ec3 m\u1edf ra m\u1ed9t cu\u1ed9c tranh lu\u1eadn v\u1ec1 ch\u00ednh s\u00e1ch. Nh\u1eefng \u0111\u1ed9ng th\u00e1i n\u00e0y kh\u00e1c nhau v\u1ec1 quy m\u00f4 v\u00e0 ph\u01b0\u01a1ng ph\u00e1p, nh\u01b0ng ch\u00fang ch\u1ec9 ra m\u1ed9t xu h\u01b0\u1edbng: C\u00e1c t\u1ed5 ch\u1ee9c ch\u00e2u \u00c2u \u0111ang kh\u00e1m ph\u00e1 c\u00e1c c\u00e1ch \u0111\u1ec3 c\u00f3 \u0111\u01b0\u1ee3c s\u1ef1 ti\u1ebfp x\u00fac v\u1edbi ti\u1ec1n \u0111i\u1ec7n t\u1eed theo c\u00e1c quy t\u1eafc hi\u1ec7n h\u00e0nh.<\/p>\n\n
\u0110\u1ed1i v\u1edbi FSIL, vi\u1ec7c ph\u00e2n b\u1ed5 1% ETF Bitcoin l\u00e0 m\u1ed9t kh\u1edfi \u0111\u1ea7u th\u1eadn tr\u1ecdng. N\u00f3 gi\u1eef h\u1ea7u h\u1ebft t\u00e0i s\u1ea3n \u1edf th\u1ecb tr\u01b0\u1eddng v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu v\u00e0 n\u1ee3 truy\u1ec1n th\u1ed1ng. N\u00f3 b\u1ed5 sung m\u1ed9t ph\u1ea7n \u0111\u01b0\u1ee3c \u0111o l\u01b0\u1eddng c\u1ee7a m\u1ed9t lo\u1ea1i t\u00e0i s\u1ea3n m\u1edbi th\u00f4ng qua c\u00e1c qu\u1ef9 \u0111\u01b0\u1ee3c qu\u1ea3n l\u00fd. N\u00f3 t\u00f4n tr\u1ecdng c\u00e1c gi\u1edbi h\u1ea1n r\u1ee7i ro ho\u1ea1t \u0111\u1ed9ng v\u00e0 s\u1ef1 gi\u00e1m s\u00e1t c\u1ee7a khu v\u1ef1c c\u00f4ng \u0111\u1ed3ng th\u1eddi b\u00e1o hi\u1ec7u r\u1eb1ng Bitcoin c\u00f3 th\u1ec3 \u0111\u00f3ng vai tr\u00f2 l\u00e0 m\u1ed9t y\u1ebfu t\u1ed1 \u0111a d\u1ea1ng h\u00f3a d\u00e0i h\u1ea1n. Nh\u1eefng ng\u01b0\u1eddi \u1ee7ng h\u1ed9 s\u1ebd g\u1ecdi \u0111\u00f3 l\u00e0 th\u1eadn tr\u1ecdng. C\u00e1c nh\u00e0 ph\u00ea b\u00ecnh c\u00f3 th\u1ec3 g\u1ecdi \u0111\u00f3 l\u00e0 qu\u00e1 nh\u1ecf. C\u00e1c nh\u00e0 qu\u1ea3n l\u00fd qu\u1ef9 tr\u00ecnh b\u00e0y n\u00f3 nh\u01b0 m\u1ed9t b\u01b0\u1edbc \u0111\u1ea7u ti\u00ean ph\u00f9 h\u1ee3p v\u1edbi nhi\u1ec7m v\u1ee5, lu\u1eadt ph\u00e1p v\u00e0 th\u1ecb tr\u01b0\u1eddng t\u00e0i s\u1ea3n k\u1ef9 thu\u1eadt s\u1ed1 \u0111ang ph\u00e1t tri\u1ec3n c\u1ee7a Ch\u00e2u \u00c2u.<\/p>","protected":false},"excerpt":{"rendered":"
Qu\u1ef9 T\u00e0i s\u1ea3n Qu\u1ed1c gia Li\u00ean th\u1ebf h\u1ec7 c\u1ee7a Luxembourg, \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 FSIL, \u0111\u00e3 \u0111\u1ea7u t\u01b0 1% danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a m\u00ecnh v\u00e0o c\u00e1c qu\u1ef9 giao d\u1ecbch trao…<\/p>\n","protected":false},"author":2,"featured_media":2353,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"_links":{"self":[{"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/posts\/2352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/comments?post=2352"}],"version-history":[{"count":1,"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/posts\/2352\/revisions"}],"predecessor-version":[{"id":2354,"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/posts\/2352\/revisions\/2354"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/media\/2353"}],"wp:attachment":[{"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/media?parent=2352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/categories?post=2352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/tags?post=2352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}