According to U.Today, Bitcoin exchange-traded funds (ETFs) are poised to make their debut in Japan following their success in the United States. Japanese financial giant SBI has partnered with American multinational holding company Franklin Templeton to introduce these products to the world's third-largest economy. The collaboration aims to establish a cryptocurrency management company capable of launching a Bitcoin ETF in Japan, pending regulatory approval. While Bitcoin ETFs are already available in countries like Canada, Brazil, and the U.S., Japanese financial regulators have yet to approve such products.

Earlier this year, Franklin Templeton became one of the first firms to offer a Bitcoin ETF in the U.S. It also launched its own Ethereum ETF on the Chicago Board Options Exchange (CBOE). The U.S.-based investment firm is now exploring the possibility of launching a Solana-based ETF. Meanwhile, Bitcoin ETFs in the U.S. have continued to see increased inflows. On Thursday, BlackRock's IBIT attracted $70.7 million worth of inflows, more than enough to offset GBTC's outflows, which were close to $40 million.