Japan ETFs said likely to trade by 2028 as SBI, Nomura ready products
Crypto exchange-traded funds (ETFs) could be listed in Japan in 2028, Nikkei reported Monday, without saying where it got the information.
The regulator, the Financial Services Agency (FSA), plans to allow cryptocurrencies as specified assets for ETFs under the Investment Trust Act, Nikkei said, adding that asset management experts estimated crypto ETFs in Japan could reach 1 trillion yen ($6.4 billion).
A 2028 debut is later than reported by Reuters in November. The news organization said the FSA was refining rule changes that would allow crypto trading services and ETFs to come into effect in 2026 or 2027 after approval by parliament.
The regulator did not respond to a CoinDesk request for confirmation sent after Tokyo office hours.
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