SBI Holdings has indicated a potential interest in launching a new token-based exchange-traded fund (ETF) in Japan that would include XRP, among other leading cryptocurrencies.
According to disclosures in its Q2 2025 Financial Results, the financial services conglomerate referenced plans involving such ETFs but clarified that no concrete applications or official launch plans are in place.
The mooted product would not be a pure-play XRP ETF. Instead, it is envisioned as a basket product combining XRP exposure with other prominent tokens.
SBI Holdings possesses a significant relationship with Ripple and is widely recognized as one of the largest users of XRP on Ripplenet.
The company emphasized that social media speculation suggesting an application for an XRP ETF is already advancing is premature and inaccurate. SBI confirmed it is currently awaiting further regulatory clarity from Japanese authorities before proceeding with any formal plans.
No official launch timeline for the proposed ETF has been announced, pending necessary regulatory approvals.