Japan to Approve Crypto ETFs by 2028 as Asian Competition Heats Up
Japan is reportedly preparing to authorize cryptocurrency exchange-traded funds by 2028, according to Nikkei. That timeline suggests a cautious, regulatory-first approach that aims to balance investor protection with broader market access, and would represent a major milestone for crypto adoption in Asia’s second-largest economy.
The announcement matters because rival hubs such as Hong Kong and Singapore have moved quickly to host crypto products, and Japan’s approval would help keep the country competitive for asset managers, exchanges and institutional flows. Market participants should watch the specifics—custody rules, listing requirements and eligible assets—as those details will determine how much capital and retail demand ETFs ultimately attract.