SBI Holdings, a prominent Japanese financial conglomerate, has refuted reports suggesting they've applied to launch cryptocurrency ETFs in Japan. Recent media outlets cited potential applications for two crypto ETFs. However, SBI Holdings clarified the situation to Cointelegraph, stating, "Contrary to some media reports, we have not submitted an application to the authorities for the launch of a cryptocurrency-related ETF. We are still in the planning stage." This statement dismisses the immediate prospect of SBI entering the Japanese crypto ETF market. While SBI's crypto-related ventures, including its crypto exchange, SBI VC Trade, are well-established, an ETF launch requires significant regulatory approvals and strategic planning. The denial indicates that SBI is exploring the possibilities but has not yet committed to a formal application. This contrasts with other regions where crypto ETFs are gaining traction, highlighting Japan's cautious approach to digital asset investment products. The future remains open, but for now, SBI's focus remains on planning and evaluation regarding cryptocurrency ETFs. ```

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