SBI Holding is advancing two new innovative funds, including an ETF that combines cryptocurrencies with traditional assets.
Two Innovative Funds from SBI
In its latest quarterly report, SBI announced its intention to create two new funds. One will combine cryptocurrency exposure with gold-backed ETFs in a 49/51 split. The second, more discussed, will focus on the pairing of Bitcoin and XRP, with plans for listing on the Tokyo Stock Exchange.
Readiness for ETF Launch
Although no official approval has been granted, SBI has signaled its readiness to launch the ETF once Japan’s regulators finalize cryptocurrency reforms. The Financial Services Agency (FSA) recently proposed treating some digital assets as traditional financial instruments, potentially paving the way for crypto ETFs and alleviating the current tax burden.
Market Impact and Regulation
If successful, the launch of the Bitcoin-XRP ETF would not only pioneer a new investment product in Japan but could also influence how other markets approach crypto integration under existing financial laws. It remains unclear whether SBI has formally filed with the FSA or is still in the planning stage.
SBI is actively exploring new investment opportunities while awaiting regulatory changes that could ease cryptocurrency integration into the Japanese market.
