Japan may approve cryptocurrency spot ETFs as early as 2028.

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On January 26, according to Nikkei, Japan’s first exchange-traded fund (ETF) investing in cryptocurrencies may be launched as early as 2028. This would provide retail investors with more convenient exposure to Bitcoin and other digital assets, which large institutions have already included in their portfolios.

Japan's Financial Services Agency (FSA) plans to include cryptocurrencies in the designated asset class of ETFs, while also proposing to strengthen investor protection measures. Financial groups such as Nomura Holdings and SBI Holdings are expected to launch Japan's first cryptocurrency ETFs, which will require approval from the Tokyo Stock Exchange for listing.

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