SBI Securities and Rakuten Securities Plan Crypto Investment Trust Products in Japan

SBI Securities and Rakuten Securities plan to sell investment trusts holding Bitcoin and other crypto assets, according to Nikkei. The report said 18 major brokerages are preparing to respond as Japan’s Financial Services Agency moves toward allowing cryptocurrencies in investment trusts and ETFs. Nikkei also cited a possible tax change that would lower crypto taxation from rates of up to 55% to 20%, aligning it more closely with stock taxation. The article added that U.S. crypto ETF assets under management have exceeded $104.2 billion, underscoring the scale of regulated digital-asset investment products as Japan considers broader market access.

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