SBI Holdings Clarifies No Current Crypto ETF Applications Amid Regulatory Considerations for Bitcoin and XRP
Main Idea
SBI Holdings has not filed any applications for crypto-related ETFs and is currently in the planning stage, awaiting regulatory clarity from Japan’s Financial Services Agency (FSA) before proceeding.
Key Points
1. SBI Holdings denies any current filings for crypto-related ETFs and states that approvals are awaited before any applications can be submitted.
2. The company is waiting for regulatory updates from Japan’s FSA regarding the classification of crypto assets to ensure compliance.
3. SBI Holdings is considering two types of ETFs: a dual gold and crypto ETF and a dual Bitcoin and XRP ETF, both still in the planning stage.
4. The company emphasizes the need for regulatory clarity before moving forward with any ETF applications.
Description
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