CoinVoice has recently learned that, according to a report by Cointelegraph, Japanese financial services giant SBI Holdings has denied media reports about its submission of a cryptocurrency ETF application. Previously, there were reports that the company planned to apply for a 'Double Gold + Cryptocurrency ETF' and a 'Double Bitcoin + XRP ETF', but SBI stated that it is currently only in the planning stage and has not formally submitted an application to the regulatory authorities.
SBI stated that the Financial Services Agency (FSA) of Japan proposed in June to include certain cryptocurrencies under the regulatory framework of the Financial Instruments and Exchange Act (FIEA), therefore the ETF application will wait until the relevant legal revisions are completed, and the timeline has not yet been determined. Future applications will be handled by its subsidiary, SBI Global Asset Management, with the initial target group being individual investors to promote the popularization of alternative investments. [Original link]
