SBI Holdings has applied to Japan’s Financial Services Agency (FSA) to launch two cryptocurrency-related ETFs.

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Japanese financial group SBI Holdings has applied to the Financial Services Agency (FSA) to launch two cryptocurrency-related ETFs: a dual-asset Crypto-Assets ETF targeting XRP and Bitcoin, and a Digital Gold Crypto ETF. The former will provide the Japanese market with direct exposure to XRP and Bitcoin for the first time, and if approved, may promote XRP's adoption in institutional investment. The latter will allocate over 50% of its funds to gold ETF and combine crypto assets, targeting investors with different risk appetites. (BeInCrypto)

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