SBI Holdings, one of Japan's largest financial companies, has filed for two crypto ETFs featuring Bitcoin and XRP. This move aims to meet growing interest in regulated crypto products in Japan.
SBI Holdings Moves Ahead with Crypto ETF Plans
SBI Holdings recently announced its plans in its Q2 2025 update, introducing two crypto ETFs. The first fund, named "Crypto-Assets ETF," aims to provide investors with direct exposure to Bitcoin and XRP. The second fund, "Digital Gold Crypto ETF," combines crypto assets with gold-backed investments, allocating over half of the fund to gold.
Japan's XRP ETF Push Echoes Global Developments
The timing of SBI’s application coincides with growing discussions around crypto ETFs globally, especially in the United States. While no XRP ETF applications have been approved yet in the U.S., the interest continues to rise. SBI's actions may encourage other financial firms in Asia to consider similar offerings.
Bitcoin and XRP Price Reactions to ETF News
Following the announcement from SBI Holdings, Bitcoin traded at $115,419.21, rising over 2% in 24 hours, while XRP increased by 0.6% to $3. SBI's ETF plans are seen as a positive move in the long term, although short-term price fluctuations can vary based on other market components.
The filing of crypto ETFs by SBI Holdings highlights the growing interest of traditional finance in crypto assets and may lead to increased institutional interest in these markets.
