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SBI Holdings Plans Japan’s First Bitcoin XRP ETF Amid Regulatory Uncertainty

07.08.2025 92 times read 2 Comments

Bitcoin, XRP and Gold: Japanese Holding Plans Crypto ETF

According to BTC-ECHO, the Japanese financial services group SBI Holdings is planning to launch an exchange-traded fund (ETF) that tracks Bitcoin (BTC) and Ripple (XRP) on the Tokyo Stock Exchange. This would be a first for Japan's financial sector, specifically targeting institutional investors. In addition to the Bitcoin-XRP ETF, SBI is also considering a second fund that would allocate 51 percent to gold ETFs and 49 percent to cryptocurrencies.

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However, regulatory approval is still pending. SBI emphasized in its Q2 2025 financial report that approval from the Japanese Financial Services Agency (FSA) is a prerequisite for implementation. Currently, the project remains a concept, and no formal application has been submitted. The FSA is in the process of revising its regulations for crypto-backed financial products, and SBI is advocating for legal parity between crypto assets and traditional financial instruments to ensure competitive taxation and a functional ETF market.

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SBI is a close institutional partner of Ripple, operating the joint venture SBI Ripple Asia and utilizing XRP for cross-border payment services for years. The planned ETF would further strengthen this partnership, provided regulatory authorities grant approval. Whether Japan will outpace the US in approving an XRP ETF remains uncertain, but institutional interest in regulated crypto products is growing, positioning Japan as a testbed for innovative digital finance products.

Planned ETF Asset Allocation Status
Bitcoin-XRP ETF BTC, XRP Awaiting FSA approval
Gold-Crypto ETF 51% Gold ETFs, 49% Cryptocurrencies Awaiting FSA approval
  • SBI Holdings is a long-standing Ripple partner.
  • Regulatory clarity is required before launch.
  • Japan could become a pioneer in crypto ETFs.

Summary: SBI Holdings is preparing innovative crypto ETFs, but regulatory approval is still pending. The close partnership with Ripple and the focus on institutional investors could make Japan a leader in crypto financial products. (Source: BTC-ECHO)

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Is Japan Planning the First XRP ETF Before the US?

BeInCrypto reports that rumors on social media about a Japanese XRP ETF have stirred the crypto community following a new report from SBI Holdings. The company outlined theoretical plans for new crypto ETFs, referencing regulatory progress. However, SBI will not take official steps until the legal situation improves. SBI Holdings has a well-documented history of interest in XRP and is considered a strong candidate to lead the ETF race in Japan.

The XRP ETF topic has repeatedly attracted attention in the crypto world. Such a product was traded in Brazil in April and went live in Canada in June, but US regulators remain hesitant. Recent developments suggest Japan could be the next country to introduce this product. SBI Holdings' Q2 2025 financial results mention potential regulatory developments that could allow the company to create new token-based ETFs. One proposal focuses on indirect crypto exposure, while another includes XRP as part of a basket product with other leading tokens.

  • SBI Holdings is one of the largest users of XRP in Ripple's global payment network.
  • Customers can acquire XRP with credit card points.
  • Japan's financial regulator has started a Web3 policy working group, encouraging SBI to prepare these hypothetical products.

Despite the excitement, SBI will not proceed without more regulatory clarity, and the proposed product is not a pure XRP ETF but a basket product. The US has already approved a similar product, though there have been setbacks before market access.

Summary: SBI Holdings is preparing for potential XRP ETF products, but regulatory approval is still required. The company's strong partnership with Ripple and its history of XRP adoption make it a leading candidate for such innovation in Japan. (Source: BeInCrypto)

3 Reasons Why Ripple XRP Could Start the Comeback of the Year

According to DE.COM, mainstream media coverage of cryptocurrencies often signals caution, but recent developments suggest a different trend for XRP. In July 2025, Bitcoin reached a new all-time high, surpassing $123,000, yet major media outlets remained silent. Meanwhile, USA Today published a notably positive article about XRP, highlighting its real-world utility and the more relaxed regulatory climate in the US under President Donald Trump.

The article, based on content from The Motley Fool, praises XRP as a utility token with real use cases, not just a speculative asset. However, it also contains a controversial statement: "XRP has detached itself from the boom-and-bust volatility of a meme coin." This is factually incorrect, as XRP was never a meme coin; it was developed by Ripple Labs for cross-border payments. While meme coins exist on the XRP Ledger, this does not make XRP itself a meme coin.

"XRP has detached itself from the boom-and-bust volatility of a meme coin." (USA Today, as cited by DE.COM)

Institutional adoption is also advancing in South Korea, where the regulated crypto custodian BDACS now supports XRP custody for institutional investors, in collaboration with Ripple. XRP can now be securely used on Upbit, Coinone, and Korbit, the country's largest exchanges.

In Japan, SBI Holdings has applied to the FSA for two ETFs: one focused on Bitcoin and XRP, and another "Digital Gold Crypto ETF" with over 50% in gold and the rest in cryptocurrencies. SBI is a long-term Ripple partner, already using products like On-Demand Liquidity (ODL) and Ripple Payments for efficient cross-border transactions. Approval could be a game-changer for XRP in Asia.

Market Development
USA Positive media coverage, relaxed regulation under Trump
South Korea BDACS supports institutional XRP custody
Japan SBI applies for Bitcoin-XRP and Digital Gold Crypto ETFs

Despite these bullish developments, XRP remains just below the psychological $3.00 mark, with support at $2.92. The market may not have priced in the news yet, or a breakout could be imminent.

Summary: XRP is benefiting from positive media coverage, regulatory improvements in the US, institutional adoption in Asia, and ETF plans in Japan. The price remains stable, but significant changes could be on the horizon. (Source: DE.COM)

XRP Price Faces "Full Retracement" – Key Support in Focus

Cointelegraph reports that XRP is experiencing significant downward correction after reaching a provisional yearly high of $3.65 on July 18. Since then, the cryptocurrency has dropped nearly 19% and is struggling to recover above the resistance zone of $3.00–$3.10. On Saturday, XRP briefly fell to the crucial support area of $2.66–$2.80 before a minor rebound on Sunday.

Data from CryptoQuant indicates that this retracement is primarily due to large traders, or "whales," selling off their holdings. From July 9 to Tuesday, the 90-day net capital flow average was -640 million XRP (approximately $340 million), highlighting the core of the current selling pressure.

Date Yearly High Current Drop Support Zone Net Capital Flow (90 days)
July 18, 2025 $3.65 -19% $2.66–$2.80 -640 million XRP (~$340 million)

Trader Nebraskangooner warns that XRP could experience a "full retracement," potentially dropping back to the starting point of its rally at $2.00. The $2.65 level is crucial for maintaining the broader uptrend, as it has repeatedly acted as resistance in the first half of 2025 before becoming strong support in July. Analyst Dom notes that XRP recently defended the $2.80 mark, providing a buffer to the next support at $2.65, which aligns with the quarterly VWAP (Volume-Weighted Average Price).

Mind Trader points out that XRP has completed a 50% Fibonacci retracement from the yearly high of $3.65. If this level holds, a rally to $4.15 and a new record high could follow. However, a drop below $2.65 could lead to a fall towards $2.00, erasing recent gains.

  • Key support at $2.65 is critical for the uptrend.
  • Whale selling is driving current downward pressure.
  • Potential for a new high if support holds; risk of sharp decline if it fails.

Summary: XRP is at a pivotal point, with whale selling causing a significant correction. The $2.65 support level is crucial for the continuation of the uptrend, while a break below could trigger a deeper retracement. (Source: Cointelegraph)

Sources:

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Hmm lotta people here talk about wiether or not ETF will hit or makes a difference for japan, but i just wanned to say about the idea that whales maybe selling XRP now but i think its more just regular folks cashing out quick before news. U can really never trust what CryptoQuant or these analyzers say, last year they said ETH was bout to 10X and look what happen didnt even double. But to the other comment about Japan FSA blocking stuff, actualy once I read they was more open than USA, so maybe its not that bad, just slow government as always. Also someone said ripple coin is seperate from meme coins, but aint doge on the same type of tech or was that litecoin? Anyways, these articles never make clear if bank can buy XRP with fiat or do they have to trade through points like that credit thing, which seems weird kinda like when u get airline miles but for crypto, LOL. I also dont get if this ETF thing makes XRP go up automaticly, since gold is in too, maybe if gold drops XRP drops? Who even decides that basket thing. Man, regulations sure make it all confusing, wish i just bought apple stock when Steve Job was around maybe life be simpler, haha. Wonder if FSA people even understand these coins or their kids are explaining to them, lol.
Wait, did anyone already mention about that gold ETF getting 51% of the pie, why not just put more XRP if they teaming up anyways? Kinda feels odd to have gold with crypto, was thinking ETF only ment one asset so yea this is new to me lol. Plus if FSA is still not sure, why SBI talk about releases, sounds like they trying to hype it up before its even a thing yet.

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Article Summary

SBI Holdings is planning innovative crypto ETFs including Bitcoin, XRP, and gold for institutional investors in Japan but awaits regulatory approval. Their strong partnership with Ripple positions them as a leader in regulated digital finance products if approved.

The Best Bitcoin Mining Providers at a Glance

» Infinity Hash

From our perspective, currently the best mining provider on the market. With the community concept, you participate in a mining pool completely managed by professionals. A portion of the earnings are used for expansion and maintenance. We've never seen this solved as cleanly anywhere else.

» Hashing24

A well-known and established cloud hosting company. With a good entry point and in a good market phase, a good ROI can also be generated with some patience. Unfortunately, we see the durations as a major drawback.

Comparison of the best Bitcoin mining providers
We’ve compiled an overview of the best Bitcoin mining providers. Find out now how you can earn Bitcoin every day.
Find out more now
Anzeige

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