SBI’s Bitcoin-XRP ETF and Gold-Crypto Fund Filed on TSE
SBI Holdings has filed applications with the Tokyo Stock Exchange to launch Japan’s first Bitcoin-XRP ETF and a Digital Gold Crypto ETF. The Bitcoin-XRP ETF will give institutional and retail investors regulated exposure to Bitcoin (BTC) and XRP. The Digital Gold Crypto ETF allocates 51% to gold-backed ETFs and 49% to major cryptocurrencies to hedge volatility.
These filings align with Japan’s Financial Services Agency revising crypto regulations under the Financial Instruments and Exchange Act to streamline approval and tax processes. The Bitcoin-XRP ETF could boost institutional participation and liquidity in Japan’s digital asset market. Meanwhile, Hong Kong authorities are preparing to grant stablecoin licenses to select issuers, potentially including offshore renminbi-backed tokens. These developments may further integrate regulated crypto solutions across Asia.
Bullish
The approval and launch of a regulated Bitcoin-XRP ETF in Japan would lower institutional barriers and expand demand for BTC and XRP. This regulatory clarity can attract new capital, boosting liquidity and trading volumes. In the short term, ETF filings typically generate positive market sentiment, leading to price upticks. Over the long term, ongoing fund inflows could support sustainable price growth by aligning institutional mandates with crypto exposure. The parallel move on a Digital Gold Crypto ETF and Hong Kong’s stablecoin licensing efforts further signal broader embedding of crypto in Asia’s financial system, underpinning bullish prospects for Bitcoin and XRP.