SBI Submits Filing for Bitcoin and XRP ETF in Japan, Aiming to Broaden Regulated Crypto Investment Options

SBI Proposes First Bitcoin–XRP ETF in Japan, Targeting Broader Institutional Adoption

SBI Holdings has taken a significant step toward expanding regulated crypto investment options in Japan by filing for a dual-asset exchange-traded fund (ETF) offering exposure to both bitcoin (BTC) and XRP.

Detailed in its Q2 2025 earnings report, the proposed “Crypto-Assets ETF” is designed to track the combined performance of BTC and XRP, giving investors a unified vehicle for diversified crypto exposure. If approved, the fund would mark the first ETF in Japan to include XRP — a top-three digital asset often excluded from institutional offerings due to its complex regulatory history.

The ETF represents a rare institutional-grade bundling of bitcoin and XRP, signaling growing comfort among Japanese financial institutions with incorporating XRP into regulated investment products.

Alongside this, SBI also unveiled plans for a “Digital Gold Crypto ETF,” which aims to balance risk by allocating over 50% of its capital to gold ETFs and the remainder to cryptocurrencies backed by physical gold. This hybrid model targets conservative investors looking to capture upside from digital assets without abandoning the perceived stability of traditional commodities.

Regulatory approval is still pending. However, if cleared, these offerings could set a new precedent for crypto ETF products in Japan and reinforce the country’s role as a leader in institutional crypto finance.