Sbi plans bitcoin and ethereum etfs to reach japan households

SBI Group intends to launch Bitcoin and Ethereum ETFs in Japan following expected regulatory changes. The initiative targets the country's vast household savings pool through familiar brokerage and tax-advantaged channels.

SBI Group has outlined plans for Bitcoin and Ethereum ETFs along with multi-asset crypto investment trusts. These products would launch once Japan updates its rules on crypto funds and taxation. The company has already established a joint venture with Franklin Templeton to prepare the infrastructure.

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Illustration of Franklin Templeton filing for Bitcoin ETFs with the SEC
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Franklin Templeton files for Bitcoin dividend reinvestment ETFs

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Franklin Templeton filed paperwork with the US Securities and Exchange Commission on June 18 to launch two exchange-traded funds that would hold US stocks and automatically reinvest dividends into Bitcoin exposure.

SBI Securities and Rakuten Securities are developing crypto investment trusts in-house. Nomura, Daiwa and SMBC plan to follow suit as Japan prepares rules allowing crypto-holding funds by 2028.

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Japanese financial conglomerate SBI Holdings has submitted a letter of intent to acquire shares in cryptocurrency exchange Bitbank, aiming to make it a consolidated subsidiary. The move supports SBI's expansion in digital assets amid Japan's planned regulatory changes for cryptocurrencies. The deal is subject to due diligence, negotiations, and approvals.

Brazil's central bank has banned electronic foreign exchange providers from using stablecoins and cryptocurrencies like Bitcoin for settling overseas remittances. The new rule, BCB Resolution No. 561, takes effect on October 1. Individual investors can still buy, hold, and trade crypto through authorized providers.

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Institutional investors pulled nearly $2.7 billion from spot Bitcoin and Ethereum exchange-traded funds over the past two weeks. The outflows coincided with inflows into newer single-asset funds tracking Hyperliquid’s HYPE token, XRP, and Solana.

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