SBI Ignites Japanese Market with Dual Crypto Exposure to Bitcoin-XRP ETF
Main Idea
SBI Holdings plans to launch two cryptocurrency ETFs in Japan, one focusing on XRP and Bitcoin and the other combining Bitcoin with gold, aiming to meet institutional demand and expand its digital asset offerings.
Key Points
1. SBI Holdings announced two ETFs: the Crypto Asset ETF (XRP and Bitcoin) and the Digital Gold Crypto ETF (Bitcoin and physical gold).
2. The ETFs are set to be listed on the Tokyo Stock Exchange, pending regulatory approval, targeting institutional investors in Asia and North America.
3. SBI holds a 9% stake in Ripple and expects significant value from Ripple's potential future IPO.
4. XRP prices dipped despite the ETF announcement, with technical indicators suggesting potential short-term market tops.
5. U.S.-listed Bitcoin ETFs saw $196 million in net outflows, marking a fourth consecutive day of withdrawals.
Description
SBI Holdings is set to launch two exchange-traded funds (ETFs) focused on cryptocurrency and digital assets, according to the company’s Q2 2025 financial report released on July 31. One of the ETFs will feature a direct allocation to XRP and Bitcoin, while the other will combine Bitcoin exposure with gold, marking a significant expansion of SBI’s blockchain and digital asset ambitions. Source: SBI Q2 Report The proposed funds, titled the Crypto Asset ETF and Digital Gold Crypto ETF , seek to add...
Latest News
- Nasdaq Healthcare Firm Cosmos Health Secures $300M for Ethereum Treasury Strategy2025-08-07 12:06:39
- Stablecoin Market Cap Soars 4.87% to $261B Following 22-Month Growth Streak2025-08-07 12:02:44
- Binance Charity to Airdrop $1.2M in BNB to Taiwan Flood Victims2025-08-07 11:25:20
- XRP Whale Flows Turn Negative as Large Holders Resume Distribution – XRP Price to Crash?2025-08-07 10:58:21
- Trump to Sign Order Opening 401(k)s to Crypto, Real Estate, and Private Equity – What It Means for You2025-08-07 10:51:17