SBI Holdings moves to expand regulated crypto investment options, targeting both BTC and XRP in a single financial instrument.
SBI steps forward with dual crypto ETF plan
In a major move for Japan’s crypto landscape, SBI Holdings has filed to launch a dual Bitcoin-XRP exchange-traded fund (ETF). If approved, this would be the first ETF in Japan to offer exposure to two distinct cryptocurrencies in a single regulated product.
The ETF filing, made public today, outlines a plan to track both Bitcoin and Ripple’s XRP, allocating equal weight to each asset. This structure aims to attract both retail and institutional investors seeking a diversified yet regulated crypto vehicle.
💼 Regulatory momentum in Japan
Japan has emerged as a progressive jurisdiction for digital assets. The Financial Services Agency (FSA), Japan’s main financial regulator, has shown increasing openness to crypto-related financial products as long as they meet strict transparency and compliance standards.
SBI’s move aligns with Japan’s growing institutional appetite for blockchain exposure. Unlike U.S. ETFs, which still face resistance around altcoins like XRP, Japan’s regulator seems willing to evaluate multi-asset structures.
🌐 Why XRP and Bitcoin together?
SBI has long supported XRP through its partnership with Ripple Labs, and it remains one of XRP’s strongest institutional backers globally. Combining XRP with Bitcoin, the dominant crypto asset, allows SBI to market this ETF as both traditional and forward-looking.
This ETF aims to bridge Bitcoin’s store-of-value narrative with XRP’s role in cross-border payments, creating a hybrid product unique to the Asian financial market.
Institutional investors take note
Analysts suggest this ETF could become a template for future multi-crypto ETFs, particularly in Asia and emerging markets. While the U.S. remains cautious, Japan’s approach highlights a differentiated regulatory model that favors innovation within compliance.
If approved, this ETF may draw attention from institutional players in Korea, Singapore, and Taiwan potentially positioning Japan as the hub for diversified crypto investment products.
📊 Potential impact on XRP price and adoption
While ETF filings alone don’t drive prices directly, the news may enhance XRP’s institutional credibility, particularly after its partial regulatory clarity in the U.S.
Market watchers believe SBI’s action could reignite interest in XRP, especially among conservative investors previously deterred by regulatory concerns.
