- Japan considers amending Investment Trust Act by 2028.
- SBI, Nomura prepare new ETF products.
- Projected AUM may reach ¥1 trillion ($6.7 billion).
Japan plans to amend the Investment Trust Act by 2028 to include cryptocurrency spot ETFs, involving players such as SBI Holdings and Nomura Holdings, according to a secondary Nikkei report.
The move signifies Japan’s increasing integration of digital assets, potentially impacting the country’s investment landscape and attracting global interest in the crypto ETF space.
The Japanese Financial Services Agency (FSA) is reportedly considering amending the Investment Trust Act. This amendment would potentially allow for spot cryptocurrency ETFs by 2028, aiming to broaden financial asset categories.
Prominent companies SBI Holdings and Nomura Holdings are preparing to launch ETFs. These are expected to include assets like Bitcoin and Ethereum, pending FSA approval. SBI aims to introduce Bitcoin-XRP and gold-crypto ETFs by 2025.
The anticipated introduction of spot crypto ETFs in Japan could significantly impact the cryptocurrency market. Bitcoin and Ethereum would become more accessible for Japanese investors, increasing their integration into mainstream finance.
From a financial perspective, these developments could drive demand for cryptocurrencies. The potential market size is projected to reach up to ¥1 trillion (roughly $6.7 billion), mirroring trends observed in the United States.
Japan’s past shifts, such as recognizing Bitcoin as legal tender in 2017, highlight its progressive regulatory stance. Learning from incidents like the 2024 DMM Bitcoin hack, Japan aims to enhance crypto asset security and investor protection.
Such regulatory evolutions could encourage broader institutional participation in cryptocurrencies. By following global precedents, Japan aligns with international market trends, emphasizing secure and diverse investment options for crypto enthusiasts and financial institutes.
“Japan’s proactive approach to cryptocurrency regulation sets a standard for other nations,” said a financial analyst.
