SBI Eyes BTC/XRP Dual-Asset and Gold-Crypto ETFs in Japan
SBI Holdings has filed with Japan’s Financial Services Agency (FSA) to launch two crypto ETFs: a BTC/XRP Dual-Asset ETF that directly tracks Bitcoin (BTC) and Ripple’s XRP, and a gold-crypto hybrid ETF allocating over 51% to gold-backed ETFs and up to 49% to crypto ETFs such as a Bitcoin ETF. Both products are designed to list on the Tokyo Stock Exchange and are pending regulatory approval. If greenlit, they would mark the first inclusion of XRP in Japan’s ETF market, strengthen XRP’s regulatory recognition, and reinforce SBI’s partnership with Ripple Labs via SBI Ripple Asia. Analysts say these filings could spur other institutions to follow suit, driving significant capital inflows and expanding crypto investment options for institutional and retail traders in Asia.
Bullish
By seeking FSA approval for a dual-asset ETF including XRP and Bitcoin, plus a gold-crypto hybrid ETF, SBI introduces new institutional-grade products that enhance regulatory clarity and market access. Anticipation of listing on the Tokyo Stock Exchange is likely to attract significant inflows, lifting demand and prices—especially for XRP as it gains official ETF inclusion. Short-term, price spikes may occur around approval announcements, while long-term, these products could broaden the investor base, boost liquidity, and solidify XRP’s market positioning. Similar approvals in other jurisdictions historically catalyze bullish momentum.