SBI Holdings Seeks FSA Approval for XRP and Bitcoin ETFs

SBI Holdings announced on August 6th its applications to Japan’s FSA for two crypto asset ETFs, aiming at XRP, Bitcoin, and gold-backed digital assets.

If approved, these ETFs would mark Japan’s first regulated XRP exposure, potentially shaping future institutional cryptocurrency products and market dynamics.

Japan’s Crypto Landscape and XRP’s Market Potential

If approved, these ETFs may enhance liquidity and recognition for XRP. Such a development might encourage further institutional interest, potentially leading to similar product launches in Asia. Increased regulatory recognition could influence global market dynamics.

The broader crypto community has expressed optimism about SBI’s initiative. Though inundated with speculative commentary on platforms like Twitter and Reddit, authoritative statements from Ripple leadership or Japanese regulators remain absent.

“This initiative reflects our sustained push to bring blockchain-based assets into the regulated financial mainstream in Japan and Asia.” — Yoshitaka Kitao, CEO, SBI Holdings, Inc.

Market Data and Future Insights

Did you know? Japan has historically been cautious with retail crypto products, making SBI’s ETF application a potential turning point for XRP in formal recognition as an investment asset.

As of August 6, 2025, XRP is priced at $2.95, according to CoinMarketCap. It retains a market cap of 174,946,879,487 and dominates 4.70% of the market. XRP’s price witnessed a 29.98% increase over 30 days, despite minor recent declines.

Coincu experts suggest the possible approval of these ETFs could symbolize a regulatory acceptance of XRP, leading to growth in investment products across Asia. Increased capital inflows and product launches could significantly influence the global digital assets framework.