Rumors on social media about an XRP ETF in Japan have stirred the cryptocurrency community following a new report from SBI Holdings. Citing progress in regulations, the company has outlined a theoretical plan for new cryptocurrency ETFs.
However, the company will not make an official move until the legal situation improves. Nonetheless, SBI Holdings has a clear history of interest in XRP. If anyone were to lead the ETF race in Japan, they would be a strong candidate.
New rumors about XRP ETF
A topic that always attracts attention in the cryptocurrency field is the XRP ETF. This product began trading in Brazil in April and launched in Canada in June, but US managers remain hesitant.
Thanks to recent developments, rumors on social media suggest that Japan will be the next country to launch this product.
So why is this the case? SBI Holdings, a Japanese financial group, recently published Q2 2025 Financial Results. Among many topics, they mentioned potential domestic regulatory developments that could allow the company to create new token-based ETFs.
One of their ETF proposals focuses on indirect cryptocurrency access, while another includes XRP:
SBI Holdings' ETF Proposal. Source: SBIIs the hype credible?
There is certainly a reason for optimism about SBI potentially establishing an XRP ETF.
First, the company has a history of collaboration with Ripple, as they are currently one of the largest users of XRP on Ripple's Global Payment Network. Moreover, they even allow customers to buy XRP with credit card reward points.
However, social media rumors have implied or falsely claimed that SBI's XRP ETF application is in progress. Unfortunately, this is an exaggeration.
At least Japan is seriously considering cryptocurrency regulations; one of their top financial regulators recently began working on a Web3 Policy Working Group. This signal has encouraged SBI to prepare these hypothetical products.
However, SBI will not make a move until there is further clarity from the authorities. Moreover, the advertised product is not actually an XRP ETF. It will be a basket product, combining XRP with several other top tokens.
In fact, the US has approved such a product, although it faces some obstacles before market access.
Nonetheless, SBI has a clear history of collaboration with Ripple and interest in XRP. If anyone in Japan were to launch an XRP ETF, they would be a strong candidate.
However, for now, they will have to wait for regulatory approval, just like XRP fans in most legal jurisdictions worldwide.
