In a significant move for Japan’s cryptocurrency market, SBI Holdings has submitted an application to the country’s Financial Services Agency (FSA) for two new crypto asset ETFs. The proposed ETFs are designed to provide regulated exposure to XRP, Bitcoin, and gold-backed digital assets.
If approved, this would be a landmark development, as these would be Japan’s first regulated ETFs offering direct exposure to XRP. This initiative is expected to boost liquidity and recognition for XRP, potentially paving the way for similar institutional products across Asia and influencing global market dynamics.
Yoshitaka Kitao, CEO of SBI Holdings, stated that the initiative is part of their “sustained push to bring blockchain-based assets into the regulated financial mainstream in Japan and Asia.” While the news has generated significant optimism within the crypto community, official statements from Ripple or Japanese regulators have yet to be released. The approval of these ETFs would be a crucial step in integrating digital assets into Japan’s regulated financial sector.
August 2025, Cryptoniteuae
