SBI Holdings Submits Two Crypto ETF Applications in Japan, One of Which Focuses on XRP and Bitcoin

SBI Holdings disclosed in its second-quarter earnings announcement that it has submitted applications to the Japanese Financial Services Agency for two crypto-asset ETFs. One of the funds is a crypto-asset ETF that will provide direct exposure to XRP and Bitcoin. The second fund is a digital gold crypto ETF that utilizes a hybrid approach combining gold-backed securities with digital currencies. Over 50% of the fund will be allocated to the gold ETF.