Japanese Financial Leaders Push for Bitcoin and Ethereum-Focused ETFs
26.10.2024 21:00 1 min. read Alexander Stefanov
A group of leading Japanese firms is urging regulators to prioritize crypto ETFs centered around major digital assets like Bitcoin and Ethereum.
This recommendation, which involves financial giants such as Mitsubishi UFJ Trust and Banking, Nomura, Daiwa Securities, and the country’s top crypto exchange bitFlyer, highlights the stable, large-cap nature of these tokens as appealing for long-term investors.
The coalition’s report, released Friday, also calls for a revised tax framework on crypto, specifically advocating for separate tax treatment for income from digital assets. This push aligns with Japan’s ongoing assessment of international regulatory shifts to determine its own stance on crypto ETFs.
The momentum for digital assets in Japan has been steadily increasing, marked by Metaplanet’s decision to adopt Bitcoin as a strategic reserve, seen as a hedge against Japan’s debt risks and yen volatility.
Holding around 855 Bitcoin (worth approximately $56 million), Metaplanet is also analyzing the impact of its BTC holdings on shareholder value using MicroStrategy’s BTC Yield strategy.
-
1
Tether Sets Its Sights on Expanding in the Bitcoin Lending Sector
14.03.2025 10:00 1 min. read -
2
South Korea’s Central Bank Rejects Bitcoin as a Reserve Asset
17.03.2025 13:08 1 min. read -
3
Bitcoin ETF Inflows Soar This Week as Institutional Demand Rebounds
22.03.2025 13:00 1 min. read -
4
Bitcoin Targets Breakout as Macro Factors Shift, According to Matrixport Analysis
24.03.2025 21:00 1 min. read -
5
Bitcoin Adoption Still in Early Stages, With U.S. Leading the Way
10.03.2025 9:00 2 min. read
Fidelity Moves Forward with Spot Solana ETF as SEC Acknowledges Filing
Fidelity Investments has moved forward with plans to launch a spot Solana Exchange-Traded Fund (ETF), with the U.S. Securities and Exchange Commission (SEC) formally acknowledging the filing.
JPMorgan Questions Bitcoin’s ‘Digital Gold’ Status as Gold Demand Surges
JPMorgan analysts are raising doubts about Bitcoin’s role as “digital gold” as demand for traditional gold continues to strengthen.
Analyst Warns of Massive Ethereum Drop Against Bitcoin
Cryptocurrency analyst Ali Martinez has raised concerns about Ethereum’s future performance against Bitcoin, suggesting a significant decline could be on the horizon.
Bitcoin Mining Faces Uncertainty as Tariffs Threaten Supply Chains
The U.S. Bitcoin mining sector is gearing up for potential challenges after President Donald Trump announced new tariffs, set to take effect on April 5.
-
1
Tether Sets Its Sights on Expanding in the Bitcoin Lending Sector
14.03.2025 10:00 1 min. read -
2
South Korea’s Central Bank Rejects Bitcoin as a Reserve Asset
17.03.2025 13:08 1 min. read -
3
Bitcoin ETF Inflows Soar This Week as Institutional Demand Rebounds
22.03.2025 13:00 1 min. read -
4
Bitcoin Targets Breakout as Macro Factors Shift, According to Matrixport Analysis
24.03.2025 21:00 1 min. read -
5
Bitcoin Adoption Still in Early Stages, With U.S. Leading the Way
10.03.2025 9:00 2 min. read
