In its first application, SBI Holdings introduces the “Crypto Assets ETF,” which offers direct exposure to XRP and Bitcoin. This move accelerates institutional adoption of XRP in Japan. Having maintained a long-standing partnership with Ripple, SBI continues to reinforce its strategic direction with this action. 

The second fund is named the “Digital Gold Crypto ETF.” This fund will combine gold-backed securities with cryptocurrencies in a single basket. At least 50% of the fund will be allocated to gold ETFs, creating a balanced investment environment for both traditional investors and digital asset enthusiasts. 

BREAKING: The largest banking group “SBI Japan”, is planning to launch two ETFs linked to Bitcoin, #XRP and Gold! pic.twitter.com/NaeJVNLnq0

— JackTheRippler © (@RippleXrpie) August 5, 2025

XRP and Bitcoin ETFs Drive Institutional Adoption 

Japan’s existing regulatory environment has previously posed challenges for crypto ETFs. However, the political climate following recent elections, combined with tax reforms and openness to financial innovation, improves the likelihood of approval for SBI’s ETF applications. 

The Crypto Assets ETF, in particular, will support XRP’s legitimacy in the institutional space. SBI’s collaboration with Ripple clearly shows its long-term confidence in the token. Moreover, XRP’s role in cross-border payment systems offers practical benefits for advanced economies like Japan. 

Currently, XRP ETFs have only been approved in Canada. In countries like the United States, the process is still pending. However, industry analysts expect global approvals around September or October 2025. 

The XRP community has welcomed these developments with enthusiasm. An ETF approval would legitimize XRP as an investment vehicle, increase investor confidence, and inject new liquidity into the market. 

SBI’s Digital Gold Crypto ETF brings together traditional finance and blockchain innovation. It merges the dynamic nature of the crypto market with the safe-haven qualities of gold. 

This strategy positions SBI not only as a financial player but also as a pioneer in financial innovation. 

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ETF Approval Odds Increase by 13% 

Prediction market platform Polymarket reports a sharp rise in expectations for XRP spot ETF approval. This week, the approval odds jumped from 70% to 83% in just a few days. Interestingly, this surge occurred despite the SEC delaying some XRP ETF applications. 

Bitwise, CoinShares, Franklin Templeton, and Grayscale are among the asset managers whose applications are under SEC review. Analysts note that such delays are expected. Decisions are anticipated in October. The ETF community states that such postponements are normal during the review process. Back in May, the SEC also postponed several other crypto ETF proposals besides Ripple’s. 

Ripple CEO Brad Garlinghouse shared key insights on XRP ETFs in the latest episode of the “Crypto in One Minute” podcast. He described ETFs as tools that make crypto investment more accessible to institutional investors. 

Garlinghouse said: 

“Wall Street and other institutional investors have had difficulty accessing crypto markets directly. With ETFs, they can now invest through regulated financial products instead of relying on crypto exchanges or self-custody wallets.” 

He also pointed out the rapid growth of Bitcoin ETFs: 

“Bitcoin ETF became the fastest ETF to reach $1 billion in assets. It surpassed $10 billion faster than any other ETF.” 

Garlinghouse expects continued institutional interest that will encourage the launch of more products, including Ripple-linked ETFs. 

XRP Futures ETFs: New Market Entrants 

Despite delays in spot ETF decisions, major developments are happening in the market. Volatility Shares launched the first XRP futures ETF on Nasdaq under the ticker XRPI. This came shortly after CME Group introduced an XRP futures product on May 19. 

These futures provide investors with regulated access to contracts based on XRP’s future price. Similar products already existed for Bitcoin and Ethereum. Tectrium also introduced a leveraged product named the 2x Long Daily XRP ETF. 

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The post XRP ETF Approval Rises to 83%: Polymarket Data  appeared first on Coin Engineer.