Ripple’s XRP Primed For Gigantic Boost As SBI Holdings Unveils Plans To Launch Japan’s First-Ever Bitcoin-XRP ETF
Main Idea
SBI Holdings plans to launch a Bitcoin-XRP ETF in Japan, pending regulatory approval, which could mark a significant step for XRP's institutional adoption.
Key Points
1. SBI Holdings unveiled plans for a 'Crypto-Assets ETF' tracking Bitcoin and XRP in its Q2 2025 earnings report.
2. The ETF proposal is under review by Japan’s Financial Services Agency (FSA) and would trade on the Tokyo Stock Exchange.
3. A second product, the Digital Gold Crypto ETF, allocates over 50% to gold ETFs and up to 49% to crypto-asset ETFs like Franklin’s Bitcoin ETF (EZBC).
4. If approved, this would be Japan’s first ETF to include XRP, boosting institutional adoption of the cryptocurrency.
5. Ripple, the developer of XRP, has been in a legal battle with the U.S. SEC since 2020, but Japan’s move could enhance XRP’s market presence.
Description
SBI Holdings has disclosed plans to introduce a dual-asset crypto ETF offering direct exposure to both Bitcoin and XRP on the Tokyo Stock Exchange.
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