XRP News Today: SBI Files Japan's First Dual-Asset XRP and Bitcoin ETFs

SBI Holdings has submitted proposals to the Tokyo Stock Exchange for the country's first dual-asset ETFs offering exposure to both Bitcoin and Ripple’s XRP. The ETF is designed to track the performance of both cryptocurrencies simultaneously, providing investors with a single access point to two major digital assets. The proposal is subject to regulatory approval from Japan’s Financial Services Agency (FSA), but if cleared, it would represent a significant step toward institutional acceptance of XRP in Japan [1].

The new ETF is part of a broader initiative by SBI to integrate digital assets into traditional financial structures. In addition to the Bitcoin–XRP offering, the company also plans to launch the Digital Gold Crypto ETF, which will allocate over 50% of its capital to gold ETFs, with the remainder spread across crypto-asset ETFs including Franklin’s Bitcoin ETF (EZBC) [1]. This dual approach aims to attract both institutional and retail investors by combining traditional and digital asset classes.

SBI’s move could position Japan ahead of the U.S. in approving an XRP-based ETF. Unlike the U.S., where regulatory uncertainty has hindered XRP’s inclusion in institutional products, Japan has shown a more structured and progressive approach to cryptocurrency regulation. The FSA is currently reviewing legal revisions that could further streamline the inclusion of digital assets in regulated markets, making Japan a more favorable environment for such products [3].

While the proposal is still pending approval, analysts suggest that the filing alone could generate increased interest in XRP. Ripple, the company behind XRP, has been navigating a long-standing legal battle with the U.S. Securities and Exchange Commission (SEC). In June, Ripple CEO Brad Garlinghouse announced the company would drop its cross-appeal in the case, signaling the potential conclusion of the litigation [1]. This development, combined with SBI’s ETF proposal, may help improve the token’s institutional profile.

Despite these positive developments, XRP has struggled to maintain upward momentum. The token reached an all-time high above $3.60 in mid-July but has since faced a sharp correction, dropping to around $2.73. Analysts attribute this decline to bearish market sentiment and ongoing selling pressure from large holders. The inability to break the $3 resistance level highlights the challenges XRP faces in gaining broader adoption, even as institutional support grows [2].

The filing of the Bitcoin–XRP ETF by SBI is also being viewed as a potential precursor to broader institutional adoption of XRP in other markets. Speculation has emerged about the possibility of major financial firms, including BlackRock, filing their own XRP ETF applications. While these remain unconfirmed, such moves could indicate a shift in market confidence and regulatory momentum [2].

Overall, while the immediate price impact of SBI’s ETF filing has been limited, the long-term implications could be significant. The introduction of a regulated investment vehicle for XRP in Japan could help stabilize the token’s institutional presence and encourage further adoption. If approved, the ETF would serve as a model for other countries seeking to integrate digital assets into mainstream financial markets [3].

Sources:

[1] AInvest. (2025). SBI Files Japan's First Dual-Asset XRP and Bitcoin ETFs. https://www.ainvest.com/news/xrp-news-today-sbi-files-japan-dual-asset-xrp-bitcoin-etfs-2508/

[2] CoinCentral. (2025). XRP Price Faces Resistance at $3 Amid Bearish Market Sentiment. https://coincentral.com/xrp-price-faces-resistance-at-3-amid-bearish-market-sentiment/

[3] Crypto Adventure. (2025). SBI Files for Bitcoin–XRP ETF in Japan, Pushing Dual Crypto Exposure Into Regulated Markets. https://cryptoadventure.com/sbi-files-for-bitcoin-xrp-etf-in-japan-pushing-dual-crypto-exposure-into-regulated-markets/