Despite positive developments, XRP faces price volatility, with over 96% of XRP wallets currently profitable, indicating potential market tops and bearish divergence in technical indicators.

Regulatory approval from Japan's Financial Services Agency remains uncertain due to concerns over market volatility and investor protection, though global trends may lead to a more lenient regulatory approach.

Approval for these ETFs is contingent on Japan's evolving regulatory framework, with the Financial Services Agency currently reviewing procedures for such financial products.

The ongoing legal battle between Ripple and the U.S. SEC is nearing resolution, which SBI believes could positively impact XRP's market dynamics.

SBI's ETF filing may spark speculation about major financial firms, like BlackRock, potentially submitting their own XRP ETF applications, indicating a shift in market confidence.

Despite claims circulating on social media about SBI's XRP ETF application being in progress, these have been exaggerated, and no official application has been made yet.

Analysts predict that if the SBI ETFs are approved, XRP's price could rise to between $3.50 and $5.00, but delays in the approval process may keep the price range between $2.50 and $3.00.

The filings for the XRP Bitcoin ETFs have led to increased market activity and volatility, influencing trading behaviors in the crypto market.

SBI is advocating for reforms in Japan's crypto taxation, which currently imposes high rates on crypto assets, arguing that it deters long-term investment and innovation.

In addition to the ETFs, SBI is planning to invest in both USD-backed and JPY-backed stablecoins, further enhancing its market presence.

SBI Holdings is preparing to launch Japan's first Bitcoin-XRP dual ETF, aiming to enhance institutional cryptocurrency adoption through regulated access.

The ETF will include gold as part of a risk management strategy, appealing to investors looking to hedge against market volatility while still engaging with digital assets.