SBI Holdings Submits Applications for Two Cryptocurrency ETFs in Japan

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According to Techub News, citing Beincrypto, SBI Holdings disclosed in its second-quarter financial report that it has submitted applications for two crypto asset ETFs to the Japanese Financial Services Agency. 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 cryptocurrency ETF, using a hybrid approach that combines gold-backed securities with digital currencies, with over 50% of the fund allocated to gold ETFs.

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