Today, Hiromi Yamaji, the CEO of the Japan Exchange Group (JPX) told Bloomberg that Japan’s first cryptocurrency exchange-traded fund could list as early as next year, accelerating a timeline that regulators and market participants had previously predicted to end in 2028.
The new timeline matters for Japanese-listed firms holding a lot of crypto in their books. Just days before Yamaji’s comments, Metaplanet’s head of Bitcoin strategy, Dylan LeClair, urged the global community to oppose a separate JPX proposal (closing on May 7) that would bar companies holding more than 50% of their assets in crypto from the Tokyo Stock Price Index (TOPIX), according to his remarks at the Bitcoin 2025 conference.
