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Japanese financial powerhouse SBI Holdings has unveiled ambitious plans to introduce the nation's first dual cryptocurrency exchange-traded fund (ETF), combining Bitcoin and XRP assets. This groundbreaking move signals Japan's accelerating embrace of digital asset innovation within its tightly regulated financial markets.
In its latest earnings disclosure, SBI detailed two novel crypto investment vehicles. The first blends traditional gold exposure (51%) with cryptocurrency assets (49%), structured as an investment trust for domestic investors. More notably, the second product merges Bitcoin and XRP into a single ETF, slated for listing on the Tokyo Stock Exchange — a first for Japan's financial landscape.
【Key Detail】The Bitcoin-XRP ETF would mark Japan's initial foray into multi-crypto exchange-traded products, following the U.S. approval of spot Bitcoin ETFs earlier this year.
SBI emphasized the products' launch hinges on "regulatory approval," indicating ongoing discussions with Japan's Financial Services Agency (FSA). The timing aligns with proposed FSA reforms that could reclassify certain cryptocurrencies as financial instruments rather than mere payment methods under current law.
——"This represents a strategic bet on Japan's evolving crypto framework," noted a Tokyo-based fintech analyst. "SBI appears positioned to capitalize on potential regulatory shifts."——
The announcement comes as global interest in crypto ETFs surges, with 【$38 billion】 flowing into U.S. Bitcoin ETFs since January. An XRP inclusion holds particular significance given Ripple's ongoing legal battles with the SEC, potentially offering investors a regulated avenue for exposure.
Industry observers highlight three critical developments: • Japan's potential crypto reclassification • Growing institutional crypto demand in Asia • SBI's expanding digital asset ambitions
While SBI hasn't confirmed formal ETF filings, the blueprint suggests Japan could soon join the crypto ETF race. Market participants await further clarity on approval timelines and product specifications as regulatory discussions progress.