SBI Holdings has confirmed it has not submitted any applications for cryptocurrency-related exchange-traded funds (ETFs) and remains in the planning phase for such products. The company is awaiting regulatory clarification from Japan’s Financial Services Agency (FSA) before proceeding with any formal filings.
A company representative emphasized that SBI Holdings currently has no active crypto ETF applications pending approval. Progress depends on forthcoming regulatory updates from the FSA regarding crypto asset classification frameworks to ensure full compliance with national regulations.
Among the products under consideration are a dual gold and cryptocurrency ETF, as well as a dual Bitcoin and XRP ETF. Both proposals are currently in development and have not advanced beyond the planning stage pending regulatory developments.
SBI Holdings stressed that definitive regulatory guidelines from Japanese authorities must precede any concrete steps toward ETF application submissions, citing the necessity of clear frameworks for operational compliance.