Dex-Trade News Digest: Japan Eyes Crypto Tax Cuts & BlackRock's Ethereum ETF Hits $1B
This week's top stories bring a wave of optimism to the crypto landscape: Japan weighing crypto regulations cuts, while BlackRock's Ethereum ETF reaches a major milestone, having surpassed $1 billion in total value.
Japan’s FSA Considers Crypto Tax Cuts in Regulatory Review
Japan's Financial Services Agency is revising its cryptocurrency regulations, possibly in store for big changes, including slashing taxes on crypto gains. The FSA is considering moving digital assets from their current classification as speculative products to financial instruments under the Financial Instruments and Exchange Act, therefore slashing tax rates from 55% down to 20%, putting crypto gains on par with its equivalent Chick stocks amongst other financial classes.
The changes are in lieu of improving the investment climate in Japan's digital asset market, which is fast growing. If this is approved, then it will go further to boost more investment and innovations within this sector. Blockchain investments within this period have grown considerably in 2025.
Already on its way to emerging as a key player in crypto adoption, the possibility of reform could make Japan one of the key centers in the world when it comes to cryptos.
BlackRock’s Ethereum ETF Surpasses $1 Billion in Total Value
In the U.S., BlackRock's Ethereum ETF hit a milestone, passing the $1 billion mark in total net asset value, just two months since its launch. The recent inflow into U.S. Ethereum ETFs is indicative of a changed investor sentiment for the product category, which snapped a six-week run of outflows.
The list was topped, however, by Fidelity's FETH with $42.5 million in one day, while BlackRock's ETHA fund drew in $11.5 million. Renewed optimism has pushed the total net asset value of all Ethereum ETFs up to $7.4 billion. Ethereum lately has been outpacing Bitcoin in price on account of higher blockchain activity and, therefore, higher transaction fees.
That interest aligns with the Securities and Exchange Commission's decision to extend a ruling on Nasdaq's proposal to list and trade options on BlackRock's Ethereum ETF until November 10 since the agency is still considering market effects.
