Japan Advances Plans for First Bitcoin ETF in 2028

[Digitaltoday AI Reporter] Japan has taken a step closer to approving its first Bitcoin ETF by 2028. According to blockchain media Uyesterday, Japan's financial authorities are preparing regulatory reforms to introduce regulated digital asset investment products. The core initiative involves transitioning supervision of spot cryptocurrencies from the Fund Settlement Act to the Financial Products Trading Act, placing them under a regulatory framework akin to stocks and bonds. The Japanese Financial Services Agency is expected to revise investment trust regulations accordingly. The government has publicly declared its intent to legalize crypto ETFs. Satoshi Katayama, Japan's Minister of Finance, stated the government is advancing toward institutionalizing crypto ETFs, citing success of similar products abroad. Markets are adapting, with major Japanese asset managers reviewing Bitcoin ETF launches. Analysts project up to 3 trillion yen in inflows by the fiscal year ending 2028.