Japan Begins Bitcoin ETF Era... Forecast of 18.4 Billion-Dollar Market by 2028

Analysts predict Japan's Bitcoin spot ETF market could reach $18.4 billion by fiscal 2028, driven by increased retail investor access, institutional inflows, and tax reform. XWIN, a digital asset management firm, noted the projection is grounded in realistic capital flows, representing just 0.13% of Japan's household financial assets. The report highlights three key funding pathways: retail investors gaining access through securities apps and NISA accounts, tax rate reductions from 55% to 20%, and institutional participation, exemplified by Japan's National Business Pension Fund allocating 1% of its assets to crypto.