SBI Files for Dual Bitcoin-XRP ETF in Japan, Eyes Institutional Crypto Adoption
SBI Holdings has filed for a new exchange-traded fund (ETF) offering direct exposure to both bitcoin (BTC) and XRP — a rare combination in institutional products — according to its Q2 2025 earnings report.
The proposed “Crypto-Assets ETF” is designed to track the combined performance of BTC and XRP, giving investors a single point of access to both assets. If approved, it would become Japan’s first ETF to include XRP, which remains excluded from many U.S. institutional products due to past regulatory uncertainty.
SBI is also planning a second fund, the “Digital Gold Crypto ETF,” which will allocate over 50% of its capital to traditional gold ETFs, with the remainder invested in cryptocurrencies backed by gold. The hybrid structure is aimed at risk-conscious investors looking to balance crypto exposure with commodity stability.
Both products are pending regulatory approval. If greenlit, they would expand Japan’s lineup of crypto investment vehicles and further integrate digital assets into mainstream financial markets.
