SBI Files for Dual-Asset Bitcoin and XRP ETF in Japan
SBI Holdings has submitted a proposal for a dual-asset crypto ETF that includes direct exposure to bitcoin and XRP. This marks an unusual pairing of XRP with bitcoin in an institutional-grade product.
The 'Crypto-Assets ETF' aims to track the performance of both assets, allowing investors a single-entry point for crypto exposure. Additionally, a second offering, the Digital Gold Crypto ETF, allocates over 50% of its capital to gold ETFs while diversifying the rest into gold-backed cryptocurrencies.
- No formal approval has been granted yet.
- If approved, these would be Japan’s first ETFs to include XRP.
- XRP remains absent from major institutional products in the U.S. due to past regulatory issues.