SBI Holdings Files XRP, Bitcoin ETF Applications in Japan

SBI Holdings Files Bitcoin, XRP, and Gold ETF Applications as Japan Embraces Crypto Integration

  • SBI Holdings has filed applications for exchange-traded funds (ETFs) tied to Bitcoin, XRP, and Gold in Japan.
  • Proposals include a mixed asset ETF with over 51% in gold ETFs and up to 49% in crypto-asset ETFs, and another ETF focused on crypto-assets like Bitcoin and XRP.
  • Japan’s banking sector has adopted Ripple technology, with over 80% of major financial institutions involved.
  • Japan’s academic institutions are teaching blockchain and XRP systems, helping to support regulatory clarity and industry growth.
  • Japan’s regulatory environment offers a clear path for crypto ETF development as markets see increased trading activity and volatility.

SBI Holdings, a major Japanese financial group, has submitted applications for exchange-traded funds (ETFs) based on Bitcoin, XRP, and gold. This move brings digital assets closer to mainstream financial markets in Japan, Asia’s second-largest economy, as the country’s regulatory framework for crypto continues to evolve.

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The two ETF proposals include one focused on “Gold” and “Crypto-Assets (Digital Gold)”, where more than half the assets would be allocated to gold ETFs, and the remainder up to 49% to crypto-asset ETFs. The second proposal targets ETFs already listed on the Tokyo Stock Exchange, including digital assets like Bitcoin and XRP.

Ripple’s technology has wide adoption in the Japanese banking sector, with over 80% of major financial institutions using it for payment systems. This integration is driving rising interest from both institutional and retail investors in crypto ETF offerings. Universities across Japan are also adding coursework on XRP and blockchain as part of their curriculum, supporting both industry expertise and public understanding.

Recent market activity shows heightened volatility, with over $102 million liquidated in crypto positions in a four-hour period, according to market data. Ex-SEC official Marc Fagel commented on ongoing regulatory decisions, saying, “We’re presumably still waiting on another vote” in reference to proceedings involving crypto approvals.

Japan’s Financial Services Agency (FSA) continues to develop its approach to digital asset oversight, providing clear standards for investor protection and product development. As crypto industry integration deepens—highlighted by academic and commercial adoption—Japan positions itself as a leading market for digital asset investment products. More details on SBI Holdings can be found at sbigroup.co.jp, and further info on the ETF filings is available at BeInCrypto.

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