BlockBeats News, May 17th, SBI Securities and Rakuten Securities plan to start selling cryptocurrency investment trust products, while Nomura Securities and other major brokerages have stated that they will consider following suit once the regulatory framework is established. Nikkei News conducted a survey of 18 major brokerages, with a total of 11 indicating that they will consider offering related products after the regulations are in place. SBI Securities plans to sell a fund developed by the group's SBI Global Asset Management, covering ETFs and investment trusts of highly liquid cryptocurrencies such as Bitcoin and Ethereum, with the entire process from product development to sales being completed internally within the group. Rakuten Securities similarly plans to independently develop products in collaboration with group members such as Rakuten Investment Management, aiming to facilitate cryptocurrency investment trust transactions through a smartphone app.

On the regulatory front, the Japanese Financial Services Agency is currently pushing to allow investment trusts and ETFs to include cryptocurrencies. They plan to revise the Investment Trust Act implementation ordinance by 2028 to include cryptocurrencies in the specific asset categories that investment trusts can hold. The Japanese government approved relevant bill amendments on April 10th, and if passed in this session of the Diet, they are expected to come into effect in the fiscal year 2027. At that time, the capital gains tax rate on cryptocurrency transactions will be reduced from the current highest rate of 55% to 20%, aligning it with stocks and bonds.