Japanese financial services group SBI Holdings has denied media reports that the company has submitted a crypto-related exchange-traded fund (ETF). As the regulator is still considering the classification of cryptocurrencies in the country, SBI representative said that the ETF application will take place at a later date. The representative added that they have not yet determined a specific timeline for submitting a crypto ETF application due to the current regulatory framework.
However, the company confirmed that the application would come from SBI Global Asset Management, a subsidiary of SBI Holdings. Asked whether the ETFs would be targeted at retail or institutional investors, the representative said the company planned to target individual investors first. The representative said the company "advocates and promotes the democratization of alternative investments". SBI added that all disclosures about the ETF plans are limited to what appears in its earnings reports.
SBI Holdings denies reports of applying for a bitcoin-XRP dual ETF
2025-08-08 07:53:00
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