Japanese financial giant SBI Holdings is preparing Bitcoin and XRP exchange-traded funds for listing on the Tokyo Stock Exchange, pending regulatory approval. The proposal reportedly includes a dedicated SBI Bitcoin-XRP ETF alongside a hybrid gold-and-crypto product, according to XRP community figure Xaif citing BSCN reporting.
The move arrives as Japan simultaneously advances plans to cap crypto gains tax at a flat 20% rate — aligning digital asset taxation with equities and bringing it down sharply from the current progressive rate that can reach 55%. Together, the two developments represent a structural shift in how Japan is positioning itself as a regulated, institutional-grade crypto market.
For global investors, SBI's ETF push matters beyond Japan's borders: the firm manages trillions in assets and its regulatory filings carry significant weight with the Financial Services…
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