Summary
- SBI Holdings has announced plans to list Japan's first Bitcoin and XRP-linked ETF on the Tokyo Stock Exchange.
- The ETF aims to provide institutional investors with opportunities to invest in major virtual assets.
- SBI previously presented a diversified investment model by introducing the 'Digital Gold Crypto ETF,' which combines gold and virtual assets.
Japan's largest financial group, SBI Holdings, is reportedly planning to launch the country's first Bitcoin (BTC) and XRP-linked Exchange-Traded Funds (ETF).
According to NewsBTC on the 7th (local time), SBI plans to list the Bitcoin and XRP-linked ETF on the Tokyo Stock Exchange (TSE). Through this, institutional investors are expected to be provided with opportunities to invest in major virtual assets (cryptocurrencies).
Meanwhile, SBI has previously introduced the 'Digital Gold Crypto ETF,' which invests in both gold and virtual assets. This product allocates 51% of the portfolio to gold and the remaining 49% to virtual assets, presenting a diversified investment model that combines traditional and digital assets.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Today’s Key Economic & Crypto Calendar] Atlanta Fed GDPNow, More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[New York Stock Market Briefing] Rebound on bargain hunting in blue chips…Apple jumps 4%](https://media.bloomingbit.io/PROD/news/3710ded9-1248-489c-ae01-8ba047cfb9a2.webp?w=250)
