Japan Poised to Launch First Spot Bitcoin ETF by 2028

Japan is preparing to launch its first spot Bitcoin ETF by 2028. The country's Financial Services Agency (FSA) has started revising investment fund rules, following a new law that recognizes cryptocurrencies as financial assets under the Financial Instruments and Exchange Act (FIEA).

The new law gives digital assets like Bitcoin, Ethereum, XRP, and others a clearer legal status. Japan is also planning to cut crypto taxes from 55% to 20%, which could attract more investors into the market.

According to estimates, crypto investment trusts, including Bitcoin ETFs, could attract up to JPY 3 trillion (around $19.5 billion) by the end of fiscal 2028. This would make Japan's ETF market one of the largest in Asia once the rules are finalized.