Summary
- Japan’s financial group SBI reportedly said it has filed with regulators for a cryptocurrency ETF that bundles Bitcoin (BTC) and XRP.
- According to CoinDesk, SBI said it is proceeding with the necessary steps to launch in Japan a dual-asset cryptocurrency ETF that simultaneously includes Bitcoin and XRP.
- The product’s distinguishing feature is that it is designed to allow investors to invest in two major cryptocurrencies at the same time through a single ETF.
Japan’s financial group SBI has reportedly filed with regulators for a cryptocurrency exchange-traded fund (ETF) that bundles Bitcoin (BTC) and XRP into a single product.
According to CoinDesk, a digital-asset (cryptocurrency) news outlet, SBI is in the process of completing the necessary steps to launch in Japan a dual-asset cryptocurrency ETF that simultaneously includes Bitcoin (BTC) and XRP.
The product is designed to allow investors to gain exposure to two major cryptocurrencies at the same time through a single ETF.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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