Japanese financial powerhouse SBI Holdings is preparing to shake up the country’s tightly controlled investment space with plans for a dual-crypto ETF featuring Bitcoin and XRP—marking what could be Japan’s first of its kind if regulators give the green light.
According to its latest earnings update, SBI is exploring two innovative fund structures. One merges cryptocurrency exposure with gold-backed ETFs in a 49/51 split, intended for public sale as a trust. The second—drawing wider attention—targets a straight crypto pairing of Bitcoin and XRP, with a listing planned for the Tokyo Stock Exchange.
While no official approval has been granted, SBI has signaled its readiness to launch once Japan’s regulators finalize crypto-related reforms. The Financial Services Agency (FSA) recently proposed treating some digital assets as traditional financial instruments, potentially clearing a path for crypto ETFs and easing the current tax burden.
Despite early media speculation, it’s unclear if SBI has formally filed with the FSA or is still in the planning stage. Both SBI and the agency have yet to respond to inquiries.
If successful, the Bitcoin-XRP ETF would not only pioneer a new investment product in Japan but could also influence how other markets approach crypto integration under existing financial laws.
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Source: https://coindoo.com/sbi-eyes-japans-first-bitcoin-xrp-etf-in-regulatory-test-case/