**Japan in HODL Mode on Crypto ETFs, But Still Bullish on Bitcoin**
- Japan’s regulators are dragging their feet on approving cryptocurrency-based ETFs, despite global markets diving in headfirst. 🌏
- Domestic advocacy groups are pushing for digital asset products, but Japan’s tax and regulatory hurdles are like that one friend who’s always late to the party.
- Mario Nawfal humorously noted Japan’s approach as “still in HODL mode.”
- Meanwhile, the US and Hong Kong are already enjoying their spot BTC and Ether ETFs, with investors pouring millions into new products.
- Japan’s tax policy treats crypto profits harshly, taxing up to 55%, compared to a friendlier 20% for traditional ETFs.
- Despite this, Japanese firms like Metaplanet are still bullish, adding more BTC to their portfolios.
Source: Mario Nawfal’s Roundtable
