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Japan's SBI Holdings plans XRP ETF amid rising XRP withdrawals from Binance exchanges

Market News
20 May 2026
AMBCrypto
View Source
Neutral
pluang ai news

Japan's SBI Holdings is reportedly preparing to launch Bitcoin and XRP ETFs on the Tokyo Stock Exchange, pending regulatory approval. This move follows Japan's updated financial rules classifying crypto assets as financial instruments, potentially boosting institutional interest. Meanwhile, Binance data shows more XRP withdrawals (51.5%) than deposits (48.4%), indicating increased selling pressure as XRP trades near $1.37. Investors should watch for XRP's price reaction, especially if it recovers above recent resistance levels.

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