On August 6, SBI Holdings announced its applications to Japan's FSA for two crypto asset ETFs, including XRP and Bitcoin. These ETFs could change the cryptocurrency market landscape in Japan and beyond.
Impact of Crypto ETFs on the Market
If approved, these ETFs would represent Japan's first regulated investment products with XRP exposure. This could lead to increased liquidity and heightened institutional interest in cryptocurrencies. Enhanced regulatory recognition may influence global market dynamics.
XRP's Market Prospects
The ETF initiative could enhance XRP's liquidity and recognition as an investment asset. As of August 6, 2025, XRP is priced at $2.95, with a market cap of $174,946,879,487. It has seen a 29.98% increase over the past 30 days, despite recent price fluctuations. Given Japan's cautious approach to retail crypto products, SBI's application could mark a significant step towards formal recognition of XRP.
Expert Expectations and Opinions
Optimism prevails in the crypto community regarding SBI's initiative. While speculative comments abound on platforms like Twitter and Reddit, authoritative statements from Ripple leadership or Japanese regulators are missing. "This initiative reflects our sustained push to bring blockchain-based assets into the regulated financial mainstream in Japan and Asia," says Yoshitaka Kitao, CEO, SBI Holdings, Inc.
SBI Holdings' initiative to launch crypto ETFs could significantly impact the XRP market and attract institutional investor attention. If these products gain approval, it may represent a critical step towards formalizing cryptocurrencies within the Japanese financial system.
