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Crypto

Japan to enter bitcoin spot ETF era; $18.4 billion market seen by FY2028

Japan\'s bitcoin spot exchange-traded fund market could grow to about $18.4 billion by fiscal 2028, as retail investor access broadens, institutional money flows in and tax changes take hold, industry participants say. Digital asset manager XWIN said the forecast is based on realistic funding assumptions, with the target equalling 0.13 percent of Japanese household financial assets. It also pointed to retail channels, institutions and product supply from financial firms as key inflow routes.

Crypto

DSRV to supply staking infrastructure to Japan\'s SBI VC Trade

Blockchain infrastructure technology company DSRV will supply staking infrastructure to SBI VC Trade, a digital asset exchange under Japan\'s SBI Group. DSRV said on Tuesday it signed a staking infrastructure supply contract with SBI VC Trade. Under the deal, DSRV will participate as a service provider supporting the operation of SBI VC Trade\'s staking service. SBI VC Trade is registered with Japan\'s Financial Services Agency and provides trading and custody services.

Crypto

Japan\'s SBI pushes bitcoin, XRP spot ETFs, eyes Tokyo Stock Exchange listing

Japan\'s financial firm SBI Holdings is pushing to launch exchange-traded funds holding bitcoin and XRP, aiming for a Tokyo Stock Exchange listing. It has outlined a “SBI Bitcoin/XRP ETF” in investor materials and also proposed a trust that allocates at least 51 percent to a physical gold ETF and up to 49 percent to crypto ETFs. The move comes as Japan revises rules to classify cryptocurrencies as financial products and tighten oversight.