– SBI Holdings in Japan submitted two crypto ETF applications: one for direct XRP/Bitcoin exposure and a hybrid gold-crypto fund.

– The ETFs aim to attract both institutional investors and risk-averse clients by combining stable gold with digital assets.

– Regulatory approval from Japan’s FSA remains uncertain due to crypto volatility concerns, though global trends may ease scrutiny.

– If approved, these ETFs could redefine Japan’s investment landscape and influence crypto adoption across Asia.