Japan, the world's fourth-largest economy, has just approved a Bitcoin ETF. The Japanese Senate Committee has approved a bill to reclassify cryptocurrencies as financial instruments, placing them in the same category as stocks and bonds. The bill has already passed the House of Representatives, and a full Senate vote is expected to be a formality. This reform will take effect in 2027, with the Bitcoin ETF expected to be listed on the Tokyo Stock Exchange by late 2027 or 2028.