A KPMG Japan executive says that people in Japan who are excited about cryptocurrency might have to wait until spring 2027 for a Bitcoin ETF to start.
According to the Japanese news site Coin Post, the statements were made by Kenji Hoki, who leads the web3 and fintech division of the accounting company.
Hoki was talking at the WebX2025 conference in Tokyo in a session called “A Japanese Bitcoin ETF: Possible and Problems to Fix. ”
No Japanese Bitcoin ETF until 2027?
Yasuki said that policymakers might ask to lift the ban on Bitcoin-based ETFs in the next tax reform proposals.
But in Japan, tax reform requests are usually made by regulators at the beginning of the year.
This means that the Bitcoin ETF request will probably happen in early 2026. If this request is approved, the National Diet could pass it into law in March or April 2026.
Yasuki explained that the Japanese Bitcoin ETF law will start in the spring of 2027.
The expert said that the government can speed up the approval process for a Bitcoin ETF if it wants to. Yasuki said:
“If we can fix this problem with a government rule change instead of legal changes, it’s possible the ban could be lifted as soon as next year. “
But there are still legal issues, the KPMG official said, referring to the Investment Trust Act rules. Yasuki said:
Investment trusts can only invest in a small range of assets. It looks like the investment trusts that are behind ETFs won’t be able to buy cryptocurrencies directly.
He said that rules for supervision are a barrier. He said that supporters have not made much progress in getting everyone in the industry to agree.
Experts say we are falling behind the US, Singapore, and Hong Kong
In the same meeting, Tomoya Asakura, the President and CEO of SBI Global Asset Management, expressed his sadness.
“We can expect approval in about two years at the earliest. ” But that’s still too late. The US market has been changing quickly in the last six months. “In a year, we will likely be much further behind Hong Kong and Singapore. “
Asakura said that Tokyo has clearly said it will make cryptocurrency into various financial tools that will help people grow their money.
“The main thing right now,” he said. “It depends on how fast this can happen. ”
Asakura proposed that a practical solution might be to let Japanese investors buy overseas Bitcoin ETFs. The leader of SBI Global Asset Management explained:
“One solution could be to bring a US Bitcoin ETF to Japan and include it in an investment trust. ” If we can fix this just by changing the rules for supervisors, that would be the fastest way.
Japanese Investors Want to Buy Bitcoin
At the same event, Hajime Ikeda, an executive at Nomura Holdings, said that Japanese investors are getting more interested in cryptocurrency.
Ikeda showed the findings from a big survey about how people in Japan are using cryptocurrency, which was done last year.
A survey showed that more than 60% of Japanese investors want to invest in cryptocurrencies in one way or another.
Supporters say we need to do more to meet the increasing interest from investors who want to invest in cryptocurrencies.
At the same event earlier this week, Katsunobu Kato, the Japanese Finance Minister, said that cryptocurrencies could be included in Tokyo’s varied investments.
Kato said that there are still risks from price changes in the crypto market. The minister said that creating a good investment environment could help reduce these challenges.
ETH ETFs Bring in $443. 9 million, Doubling Bitcoin’s Inflows – Are Investors Feeling More Confident in Ethereum.
Ethereum spot exchange-traded funds (ETFs) made a strong return this week, attracting almost double the investments compared to Bitcoin ETFs, as institutional investors turned to Ether even in a volatile market.
Data from SoSoValue shows that in the U. S On August 25, spot Ether ETFs attracted a huge $443. 9 million more than they had before, which was much more than Bitcoin ETFs that got $219 million on the same day.
Ethereum ETFs Recover After Losing $240 Million, Now Total $13 Billion in Inflows.
The increase shows a clear change in feelings after a rough August, where both assets experienced a lot of ups and downs.
Ethereum did well, especially as investors started putting money back into funds after some pulled out earlier in the month, which made people question if big investors still believed in it.
Just five days earlier, on August 20, Ethereum ETFs lost more than $240 million, with most of the losses coming from big withdrawals from BlackRock’s ETHA and Grayscale’s ETHHE.
But things changed quickly, with $337. 7 million coming in on August 22 and an even bigger $443. 9 million on August 25. This was the highest amount of money brought in for Ether ETFs in one day since they started.
BlackRock was the biggest player again, with its ETHA fund bringing in $314. 9 million on Monday. This amount was more than 70% of all the money moved into Ether ETFs that day. Fidelity invested $87. 4 million in its FETH product, making it a strong player in the industry.
Even Grayscale, which has had a tough time with money leaving its old ETHE trust, is starting to get better as its new Spot ETH product brought in $53. 3
The big comeback has raised the total value of Ethereum ETFs to $28. 8 billion, and nearly $13 billion has flowed into them since they started earlier this year.
What makes the momentum clearer is that it happened while prices were falling. Ethereum dropped by over 8% during the same time, reaching about $4,420.
Experts say that the difference between prices and trades shows that big companies see price drops as chances to buy more instead of reasons to pull back.
Bitcoin had steady demand, but it wasn’t as strong as before. Fidelity’s FBTC had the most money coming in, with $65. 5 BlackRock’s IBIT followed closely with $63. 3 million, and ARK’s ARKB had $61. 2
Together, Bitcoin ETFs brought in $219 million, which shows that big investors still support it, but this amount is much less than what Ethereum had.
Overall, US Bitcoin spot ETFs now have $143. 6 billion in assets, and they have received more than $54 billion in investments.
Demand for Ether is increasing from institutions, but the overall rise in other alternative coins has stopped.
Altcoin investors might have to wait longer for a big increase in prices. Analysts from Bitfinex say that the next “altseason” probably won’t happen until new exchange-traded funds (ETFs) allow people to invest in more than just Bitcoin and Ether.
In a note about the market on Monday, the team said they don’t think that all investments will do well together until later this year. They expect this will happen when more money comes into Bitcoin products and new options for other cryptocurrencies become available.
“The analysts said that these products will probably create steady demand, regardless of their prices, leading to a general increase in value across digital assets. However, they also warned that interest in taking risks is still lower than it was during earlier high periods. ”
David Duong from Coinbase Institutional sounded more hopeful, saying that September might bring a big rise in altcoins as the market changes.
The difference in opinions happens as the U. S The Securities and Exchange Commission is delaying its decisions on several applications for exchange-traded funds (ETFs). This includes ETFs from 21Shares and Bitwise related to Solana, a Core XRP Trust, and a Bitcoin-Ether fund connected to Truth Social.
Ethereum has already collected a lot of money. In July, companies bought a lot more ETH than ever before, increasing their holdings by 127% to reach 2. 7 million ETH, which is worth $11. 6
Data shows that 70 groups now own a total of 4. 3 million ETH, which is about 3. 6% of all ETH available, while ETFs (exchange-traded funds) hold another 6. 5 Almost 9% of all Ether in circulation is held by companies and investment funds, showing that more institutions are interested in it.
Fundstrat analysts believe that Ethereum (ETH) has hit its lowest point and expect its price to rise to between $5,100 and $5,450.
Ethereum might have hit its lowest price for now after a big drop brought its value down to $4,313 on Tuesday, according to Tom Lee from Fundstrat Global Advisors.
The managing partner mentioned on X that he thinks ETH will reach its lowest point “in the next few hours,” as his company BitMine purchased an extra $21 million worth of it.
The call happened when the market was falling because Bitcoin dropped to its lowest point in seven weeks, causing more than $200 billion in value to disappear from the crypto market. Ether has recovered and is now priced over $4,430.
Lee’s prediction was similar to what he said on August 19, when he accurately predicted that ETH would drop temporarily to between $4,075 and $4,150 before going back up. Since late June, BitMine has built up a large amount of Ethereum, making it the biggest company holder of Ethereum.
Mark Newton, who leads technical strategy at Fundstrat, is optimistic about Ethereum (ETH). He thinks it’s a good investment right now. He believes that if the price stays above $4,300, it could rise to between $5,100 and $5,450.
Data from the blockchain reveals that big investors on Binance, known as whales, have been increasing their buying of spot and futures since July. Experts say that big investors usually buy in after trends are established, and their actions might help push the price closer to $5,000.
Chart signals suggest that the price of Ethereum (ETH) might be stable. It’s holding above a key trendline at about $4,300 and is trading above positive indicators in the Ichimoku cloud. Resistance is around $4,448, and if the price keeps going up, the next targets are $5,376 and $6,290.