• BitFlyer Holdings acquired FTX Japan, aiming to launch crypto-based ETFs and provide custody solutions for institutional investors.

  • Franklin Templeton and SBI Holdings partnered to establish a crypto ETF management company, eyeing the launch of Japan’s first spot crypto ETF.

  • The launch of Japan’s first crypto ETFs is anticipated, following the trend of increased institutional investment in crypto assets in the U.S.

BitFlyer Holdings has officially acquired FTX Japan, indicating a significant shift in the cryptocurrency business. The acquisition includes all outstanding shares of FTX Japan, making it a completely owned subsidiary of BitFlyer Holdings. Yuzo Kano, CEO of BitFlyer Holdings, announced the completion in a blog post on July 26, emphasizing plans to use FTX Japan’s assets to build crypto custody solutions for institutions.

Crypto ETFs on the Horizon in Japan

Kano noted the acquisition’s strategic relevance, notably in preparing BitFlyer Holdings to offer crypto-based exchange-traded funds. He stated that secure storage options for actual Bitcoin, which is critical for ETF backing, would be a top priority. The initiative is a step toward the launch of Japan’s first crypto ETFs, which Kano feels is near.

米国ではビットコインETF上場をきっかけに、機関投資家からの資金流入が加速しています。日本でもETFが上場する日が来ると信じていますそして、ETFの裏付け資産となる現物BTCを安全に保管できるセキュリティ技術を保有した会社が必要です。… https://t.co/0d1FZbNYwW

— 加納裕三@bitFlyer (@YuzoKano) July 26, 2024

Kano noted, “In the United States, institutional investors have greatly boosted their engagement since the Bitcoin ETF filing. Japan is expected to follow suit.” He believes that ETFs will eventually be listed in Japan, perhaps resulting in huge investment inflows.

Global Partnerships and Regulatory Developments

In a similar step, Franklin Templeton and SBI Holdings formed a new joint venture to launch a crypto ETF management firm. The coalition seeks to create Japan’s first cryptocurrency ETF. According to a Franklin Templeton spokesman, the joint venture will provide a diverse selection of investment products, including current ETFs, subject to regulatory approval.

The comment comes after the recent debut of the first spot Ether ETFs in the United States, which started trading on July 23. Franklin Templeton and SBI Holdings’ collaboration illustrates the growing interest in bitcoin ETFs, as well as Japan’s changing legal situation.

BitFlyer Holdings’ acquisition of FTX Japan, as well as the joint venture with Franklin Templeton and SBI Holdings, point to a potential future for crypto ETFs in Japan. These developments might greatly boost the market’s growth and stability, drawing more institutional investors to the Japanese crypto ecosystem.

Read Also:

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  • Bitcoin as Financial Protection: Franklin Templeton CEO Highlights Security and Strategic Value in SEC-Approved ETF

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  • Ethereum ETF Fee War Begins as Franklin Templeton Sets 0.19%

  • Solana: Towards the Third Position of the Largest Crypto, Supported by Meme Coin and DEX

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