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SBI Files for Bitcoin–XRP ETF in Japan, Pushing Dual Crypto Exposure Into Regulated Markets
The ‘Crypto-Assets ETF’ is structured to track the performance of both assets simultaneously, providing a single-entry point for investors seeking crypto exposure.
Updated Aug 6, 2025, 8:19 a.m. Published Aug 6, 2025, 8:06 a.m.
What to know:
- SBI Holdings has filed for a dual-asset crypto ETF offering direct exposure to Bitcoin and XRP, marking a potential first for Japan's financial markets.
- The 'Crypto-Assets ETF' aims to provide a single-entry point for investors by tracking the performance of both Bitcoin and XRP simultaneously.
- A second product, the Digital Gold Crypto ETF, combines gold ETFs with gold-backed cryptocurrencies to appeal to risk-sensitive investors.
SBI Holdings has filed for a dual-asset crypto ETF offering direct exposure to both bitcoin and , in a rare instance where XRP is formally bundled with BTC in an institutional-grade product.
Revealed in the firm’s Q2 2025 earnings report, the ‘Crypto-Assets ETF’ is structured to track the performance of both assets simultaneously, providing a single-entry point for investors seeking crypto exposure.
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A second product, the Digital Gold Crypto ETF, adds further depth by allocating over 50% of its capital to gold ETFs, while combining the remainder across gold-backed cryptocurrencies.
That hybrid construction is aimed at risk-sensitive investors looking to blend crypto upside with commodity stability.
No formal approval has been granted yet, but, if cleared, these would become Japan’s first ETFs to include XRP — a top-three token still absent from major institutional products in the U.S. due to regulatory overhang in the past.
Read more: Ripple’s Partnership With BDACS Pays Off as XRP Support Goes Live at Korean Crypto Custodian
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