TL;DR

• Japan is moving toward legalizing cryptocurrency ETFs, as recently announced by Finance Minister Satsuki Katayama.
• Japan’s House of Representatives approved transferring crypto oversight to the FIEA, placing these assets on par with traditional stocks and bonds.
• SBI Holdings proposed a dual Bitcoin and XRP ETF with a target of ¥5 trillion (~$32 billion) in assets under management within three years.

The Japanese government announced that it is on track to legalize cryptocurrency ETFs within the country. Finance Minister Satsuki Katayama made the announcement during the “Open QUICK 2026” seminar, organized by the financial information service QUICK.

The official noted that the initiative is a direct response to the success these…