Japan is expected to approve its first crypto ETFs by 2028, according to a Nikkei Asia report.

The Financial Services Agency plans to include cryptocurrencies as base assets for ETFs and enhance investor protection.

Nomura Holdings and SBI Holdings are anticipated to launch these ETFs on the Tokyo Stock Exchange.

This move follows the success of crypto ETFs in the US, where spot bitcoin ETFs hold over US$115 billion in assets.

US regulators have recently eased listing rules, leading to a broader range of digital asset ETFs.

Meanwhile, Hong Kong launched crypto ETFs in 2024, offering exposure to bitcoin, ether, and Solana, with in-kind trading features.

🔗 Source: The Block