Core Viewpoint - SBI Holdings plans to launch Japan's first dual-asset cryptocurrency ETF, providing exposure to Bitcoin and XRP, marking a significant breakthrough in Japan's strictly regulated financial market for cryptocurrency investment products [1] Group 1: Product Overview - The first product will package a gold ETF and cryptocurrency ETF into a trust, allocating 51% of funds to gold ETF and 49% to Bitcoin ETF and other crypto assets, to be publicly issued in Japan as an investment trust [2] - The second product will directly combine Bitcoin and XRP, with plans to list it on the Tokyo Stock Exchange, reflecting SBI Holdings' philosophy of balanced portfolio investment [2] Group 2: Regulatory Approval - The launch of these products is contingent upon "regulatory approval," with uncertainty regarding whether applications have been submitted to the Financial Services Agency (FSA) or are still in the planning stage [3] - The FSA proposed recognizing certain crypto assets as financial products under the Financial Instruments and Exchange Act (FIEA), which could pave the way for ETFs and reduce the tax burden on cryptocurrencies in Japan [3] Group 3: Global Market Context - Currently, XRP spot ETFs are only traded in Canada, with U.S. similar funds expected to gain approval by Q4 2025 [4] - SBI Holdings has been proactive in this field, recently partnering with Circle, the issuer of USD Coin (USDC), and showing interest in stablecoins, particularly USDC and Ripple's RLUSD [4]
拥抱数字资产!日本金融巨头SBI计划推出日本首个比特币-XRP双资产ETF
Hua Er Jie Jian Wen·2025-08-07 13:48