SBI outlines plans to launch Japan’s first Bitcoin-XRP dual ETF
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SBI Holdings unveiled plans for exchange-traded products, including a gold-crypto ETF and a Bitcoin-XRP dual ETF.
Japanese financial giant SBI Holdings has unveiled plans to launch the country’s first dual-asset cryptocurrency exchange-traded fund (ETF), offering exposure to both Bitcoin and XRP.
In its earnings report on Thursday, the company outlined a plan for two crypto-based ETF products. The first product proposal shows a combination of gold and crypto asset ETFs bundled into a trust.
According to the company, this would allocate 51% into gold-based ETFs and 49% into crypto-asset ETFs, like Bitcoin ETFs. The company showed that this will be publicly offered as an investment trust in Japan.
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