Japan to approve its first crypto ETFs in 2028: report
The Block
Japan's Financial Services Agency plans to approve the country's first crypto ETFs as early as 2028.Summary
According to a Nikkei Asia report, Japan is preparing to approve its first cryptocurrency exchange-traded funds (ETFs) by 2028. The Financial Services Agency intends to include cryptocurrencies as base assets for these ETFs, alongside implementing enhanced investor protection measures. Major financial institutions like Nomura Holdings and SBI Holdings are anticipated to launch these initial crypto ETFs on the Tokyo Stock Exchange. This move follows the significant success of crypto ETFs in the U.S. and mirrors regional trends, as Hong Kong launched its crypto ETFs in 2024, and South Korea is establishing regulatory groundwork for its own products.
(Source：The Block)