SBI Holdings Denies Bitcoin-XRP ETF Rumors: Is Japan Playing Catch-Up? 🤔

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Ah, Japan-land of cherry blossoms, sushi, and apparently, endless waiting for the crypto ETF that was supposed to happen yesterday. SBI Holdings, the behemoth known for its ties to Ripple, has come out swinging-well, more like politely waving a white flag-denying any reports that they’ve actually filed for a Bitcoin–XRP ETF. The media, as usual, ran ahead of the facts, claiming they were signing checks on behalf of the crypto gods, but no, it seems they’re just daydreaming in the planning stage. Classic. 😅

SBI’s Grand Plan: Waiting for the Stars to Align (or the Regulators to Finish Their Coffee) ☕

Apparently, rumors of a dual gold and crypto ETF or a Bitcoin and XRP product are just that-rumors. An SBI rep confirmed that no paperwork has been put in front of the authorities, only a vague notion that maybe someday, perhaps, in a galaxy far, far away, they’ll file something. “It’s still in the planning stage,” they say, which is corporate speak for “we haven’t even bought the pens yet.” 🤷‍♂️

Meanwhile, the regulators in Japan are busy debating whether crypto assets should be considered ‘financial instruments,’ because nothing says stability like another regulatory layer. Japan’s FSA proposed classifying certain crypto assets under FIEA, meaning we’re just waiting for them to figure out if crypto can be legally considered “not casino chips” or “actual investments”-such a fun debate! 🎭

Our SBI hero sarcastically mentions that ETF filings will happen only after “legal revisions,” which sounds about as definitive as “when pigs fly.” So perhaps the Japanese crypto market is playing the long game-just waiting for everyone else to get bored and move on. 🐖✈️

Japan’s Crypto ETF: Still in the Waiting Room 🚪

It’s been nearly a year and a half since the U.S. jumped on the crypto ETF bandwagon, raking in billions while Japan watches, sipping green tea and pretending it’s not missing out. Despite being crypto-friendly for ages, Japan’s first crypto ETF remains a myth-like Bigfoot or a sushi shortage. Despite the silence, SBI says they’ll probably submit applications… someday. Maybe. When the regulatory stars align, or when Elon Musk tweets about it again, who knows? 🌌

The big reveal? Targeting individual investors first-because who doesn’t love moonshots with their pocket change? SBI’s mission? Democratize alternative investments. Or at least pretend to while we all wait for the official papers to materialize like a magic trick. 🧙‍♂️✨

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2025-08-08 14:09