SBI denies filing Bitcoin-XRP dual ETF application

A representative of SBI Holdings clarified to Cointelegraph that the company has not yet submitted any ETF applications related to crypto assets. Earlier media reports said that SBI had submitted two ETF applications, including a gold and crypto asset dual ETF and a Bitcoin and XRP dual ETF, but its financial report did not explicitly confirm this news. SBI stated that the relevant plans are still in the preliminary stage and the application will be made after Japan's financial regulators complete the legal revision. The Financial Services Agency (FSA) of Japan previously proposed to include certain crypto assets in the scope of the Financial Instruments and Exchange Act (FIEA), but the specific timetable has not yet been determined. Future applications will be submitted by SBI Global Asset Management, a subsidiary of SBI Holdings, with the initial target being individual investors, with the aim of promoting the popularization of alternative investments.