Will Japan launch its own Bitcoin ETFs?

The success of the Bitcoin ETFs launched in the United States this year is undeniable; According to recent calculations, American boomers will become the largest group of Bitcoin Hodlers as from next year, even larger than Satoshi Nakamoto (who can claim ownership of the first million Bitcoins).

Although the follow-up, the so-called Ether ETFs, have not been a great success so far, there are major countries that also want to launch their own Bitcoin ETFs. Japan, which has an incredibly large number of boomers within its aging population, is starting a review of the current crypto rules. According to Bloomberg, this could lead to the launch of its own Bitcoin ETF in Tokyo

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Japan, which elected the conservative Shigeru Ishiba as prime minister over the weekend and thus caused the Japanese stock exchange to suffer a heavy loss on Monday, is considering reviewing its crypto rules.

The country urgently needs an economic boost and, like other Western economies, it has a major aging problem; This means that in your society you have a larger proportion of elderly people where you would normally have young people with children. This of course leads to changing consumption habits.

That older part of the population does not necessarily want to open a crypto account with the classic crypto platforms, just as millennials and Gen-Z would do. They only trust their traditional brokers and normally only know Bitcoin, which sometimes appears on the news.

As this is a ‘wealthy’ part of the population however, business people are doing everything they can to please these new and rapidly growing group of older consumers. Pharmaceutical products, healthcare and investments with a guaranteed return (like gold) are very popular investments for the older part of the Japanese population.

Given the success of Bitcoin ETFs in the United States, BlackRock’s local division seems ready to introduce this product in Japan as well. We’re already looking forward to the Japanese commercial for it.