SBI Holdings Clarifies No Current Applications for Bitcoin and XRP ETFs in Japan Amid Ongoing Planning
Main Idea
SBI Holdings has denied filing for Bitcoin and XRP ETFs in Japan, stating that no applications have been submitted to regulators and that they are awaiting legal updates before proceeding.
Key Points
1. SBI Holdings confirmed that no ETF applications for Bitcoin and XRP have been lodged with Japanese regulators.
2. The company is currently in the planning phase and awaiting updates from Japan’s Financial Services Agency before filing any ETF applications.
3. Future ETF applications will be managed by SBI Global Asset Management.
4. SBI Holdings emphasized the importance of regulatory compliance in its approach to ETF filings.
Description
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