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SBI Files for Bitcoin–XRP ETF in Japan, Pushing Dual Crypto Exposure Into Regulated Markets

Posted by Bill Rippel on August 06, 2025 - 12:37pm


SBI Files for Bitcoin–XRP ETF in Japan, Pushing Dual Crypto Exposure Into Regulated Markets

The ‘Crypto-Assets ETF’ is structured to track the performance of both assets simultaneously, providing a single-entry point for investors seeking crypto exposure.

What to know:

  • SBI Holdings has filed for a dual-asset crypto ETF offering direct exposure to Bitcoin and XRP, marking a potential first for Japan's financial markets.
  • The 'Crypto-Assets ETF' aims to provide a single-entry point for investors by tracking the performance of both Bitcoin and XRP simultaneously.
  • A second product, the Digital Gold Crypto ETF, combines gold ETFs with gold-backed cryptocurrencies to appeal to risk-sensitive investors.

SBI Holdings has filed for a dual-asset crypto ETF offering direct exposure to both bitcoin

, in a rare instance where XRP is formally bundled with BTC in an institutional-grade product.

Revealed in the firm’s Q2 2025 earnings report, the ‘Crypto-Assets ETF’ is structured to track the performance of both assets simultaneously, providing a single-entry point for investors seeking crypto exposure.

A second product, the Digital Gold Crypto ETF, adds further depth by allocating over 50% of its capital to gold ETFs, while combining the remainder across gold-backed cryptocurrencies.

That hybrid construction is aimed at risk-sensitive investors looking to blend crypto upside with commodity stability.

No formal approval has been granted yet, but, if cleared, these would become Japan’s first ETFs to include XRP — a top-three token still absent from major institutional products in the U.S. due to regulatory overhang in the past.

Simon Keighley That\'s big news for XRP! Seeing it bundled with BTC in a regulated ETF is a huge step forward and could open the door for more institutional adoption. Great to see Japan taking a lead on this.
August 7, 2025 at 5:08am