SBI Holdings Files Applications for Two Crypto ETFs Linked to Bitcoin, XRP, and Gold

Foresight News reports that Japan's financial services group SBI Holdings disclosed in its second-quarter earnings announcement that it has submitted applications to the Japan Financial Services Agency for two crypto asset ETFs, which will be linked to Bitcoin, XRP, and gold. One of the funds is a crypto asset ETF that will provide direct exposure to XRP and Bitcoin. The second fund is a digital gold crypto ETF, which adopts a hybrid approach by combining gold-backed securities with digital currencies, with more than 50% of the fund allocated to gold ETFs.