Japan regulators expected to approve spot crypto ETFs by 2028
Japan’s Financial Services Agency is preparing legal changes that could allow the country’s first spot cryptocurrency ETFs to list as early as 2028.
Japan’s Financial Services Agency (FSA) is moving toward approving spot cryptocurrency exchange-traded funds, with Nikkei reporting that regulators could clear the first listings as early as 2028 [1][4].
The FSA is said to plan amendments to the Investment Trust Act to classify cryptocurrencies as eligible “specified assets,” and major financial firms including Nomura and SBI are reported to be preparing initial ETF products [2].
If adopted, the changes would effectively lift the agency’s ban on spot crypto ETFs and permit listings in Japan; the move would follow regional developments such as crypto ETF launches in Hong Kong in 2024 [4][3].
Officials aim for a 2028 timeframe, but final approval will depend on the outcome of legislative amendments and regulatory rulemaking [1][2].
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Citations
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- 1Japan regulators expected to approve spot crypto ETFs by 2028crypto.news• Jan 26, 2026
- 2Japan Moves to Approve Crypto ETFs by 2028defiliban.com• Jan 26, 2026
- 3Japan To Approve Its First Crypto ETFs in 2028r/CryptoCurrency• Jan 26, 2026
- 4Japan Plans to List First Set of Spot Crypto ETFs as Early as 2028 – NikkeiCryptoNews• Jan 26, 2026
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