XRP News Today: SBI Holdings to Launch Japan's First Dual Bitcoin-XRP ETF Amid Regulatory Review

SBI Holdings, a major player in Japan’s financial and cryptocurrency sectors, has announced plans to launch the country’s first dual Bitcoin-XRP ETF, offering investors a single fund that tracks both assets simultaneously [1]. The firm outlined these plans in its Q2 2025 earnings report, positioning the “Crypto-Assets ETF” as a unique entry point into a diversified crypto portfolio [1]. This product, if approved, would represent the first ETF in Japan to include XRP, currently the third largest cryptocurrency by market capitalization [1].

The proposed ETF is part of a broader strategy to expand into hybrid financial instruments, including a new fund labeled “Crypto-Assets (Digital Gold).” This ETF would allocate up to 51% of its capital to gold ETFs and the remaining 49% to crypto ETFs, aiming to combine the stability of commodities with the growth potential of digital assets [1].

SBI Holdings has also expressed interest in the stablecoin market, seeking to expand the use of USD Coin (USDC) in Japan through a joint venture with its issuer, Circle. Additionally, the company aims to begin offering Ripple’s RLUSD, a yen-pegged stablecoin, within the current fiscal year [1]. For JPY-backed stablecoins, SBI plans to leverage its existing securities and banking capabilities to provide a range of services centered on these digital currencies [1].

The company highlighted the ongoing legal developments involving Ripple and the U.S. Securities and Exchange Commission (SEC), noting that the prolonged dispute has suppressed XRP’s price. SBI stated that the resolution of this issue is nearing a conclusion, suggesting a potential shift in market dynamics [1].

While SBI Holdings has discussed its ambitions for the new ETFs, it has not confirmed whether formal filings have been submitted to Japan’s Financial Services Agency (FSA). The firm stated it aims to launch the products “upon regulatory approval,” indicating that the initiative is still in the regulatory review process [1].

Source: [1] SBI Holdings Plans To Launch First Dual Bitcoin-XRP ETF In Japan, Wants To Expand Into Stablecoins (https://coinmarketcap.com/community/articles/689360e5013d8370a0de8683/)