Japans Largest Exchange Plans To List Bitcoin, Crypto ETFs By 2027
Japan Exchange Group, the countrys largest exchange operator, is gearing up for crypto ETFs. It plans to launch Bitcoin and crypto ETFs as soon as 2027, provided law changes are passed. Japan Exchange Group Eyes Bitcoin, Crypto ETF Listing In an interview, JPX Chief Executive Hiromi Yamaji said that the plans have been fueled by increased institutional interest in digital asset products linked to Bitcoin and other cryptocurrencies. Fund managers, he noted, have demonstrated “strong interest” to launch crypto ETFs. However, Yamaji said the key factor is law reform, which is underway in the Japanese parliament. “As far as crypto is concerned, you may know that the Japanese FSA had a special committee to discuss cryptocurrencies,” he said. Yamaji added that “the new revision of the law is at the Diet,” according to a Bloomberg interview. He added exchanges can start “forming some sort of a product about the cryptocurrency next year maybe.” in addition, he stressed that JPX is ready: “We will do it.” His remarks come amid mixed signals in the global markets for crypto ETFs. Farside Investors‘ recent figures show significant outflows from U.S. Bitcoin ETFs late last month with even BlackRock’s IBIT suffering outflows. Spot Bitcoin ETF Outflow Data The total net outflows