SBI Holdings has not submitted any cryptocurrency ETF applications at this time.
Japan's major financial company has not yet registered any combined Bitcoin and XRP cryptocurrency ETFs, awaiting the completion of the legal and tax framework.
MAIN CONTENT
SBI Holdings denies the information that it has filed for a Bitcoin and XRP combined ETF.
The Japanese government is finalizing regulations to pave the way for the legalization of cryptocurrency ETFs.
SBI targets the retail market, prioritizing individual investors first when the ETF fund is approved.
Has SBI Holdings filed for a cryptocurrency ETF yet?
SBI Holdings confirms that it has not filed any applications to establish an ETF related to cryptocurrencies.
The information circulating about this company registering a combined Bitcoin and XRP ETF is false. A spokesperson for SBI stated that the application will only be submitted after Japan's legal amendments regarding cryptocurrencies are completed.
"Contrary to some reports, we have not submitted any applications to the authorities to create an ETF related to cryptocurrency assets."
SBI Holdings spokesperson, 2024
Why is SBI delaying the ETF application?
Japan is in the process of updating laws to incorporate certain digital assets into the legal framework of financial products.
On June 24, Japan's Financial Services Agency (FSA) proposed recognizing digital assets as financial products under the Financial Instruments and Exchange Act, requiring greater transparency and tighter oversight, especially for cryptocurrency ETFs.
Therefore, SBI maintains its plans until legal and tax regulations are finalized.
Which group of investors will SBI focus on when launching the ETF fund?
When the policy is finalized, SBI plans to submit an application through its subsidiary that specializes in global asset management, focusing on individual investors rather than large institutions.
The goal is to promote alternative investment opportunities to a large number of retail users in Japan - a market that has a history of accepting cryptocurrency since 2017 when the country officially recognized cryptocurrency as a legal payment method.
What will the legal plans and context look like in the future?
The FSA's proposal is expected to become official law in early 2026, opening up opportunities for Japan to become the most developed market for supervised cryptocurrency ETFs.
Currently, information about SBI's Bitcoin ETF-XRP fund is just rumors, but when the legal framework is complete, the company is ready to act quickly to seize market opportunities.
"We aim to promote the democratization of alternative investments, helping individual investors access new financial products safely and transparently."
SBI Holdings leadership, 2024
Frequently Asked Questions
Has SBI Holdings registered the Bitcoin ETF-XRP yet?
No, SBI has not submitted any applications for cryptocurrency ETFs and will wait for the laws to be finalized before taking action.
Why does Japan need to adjust regulations regarding cryptocurrency ETFs?
To enhance transparency, ensure investor safety, and create a clear legal framework for new financial products.
What is SBI's goal when launching the ETF fund?
Focusing on individual investors, promoting access and democratizing alternative investments.
When will the new cryptocurrency regulations in Japan be implemented?
New legislation is expected to be officially applied in early 2026.
How will the combined Bitcoin and XRP ETF affect the market?
If approved, this would be a major step towards increasing the legality and popularity of cryptocurrency among retail investors.
Source: https://tintucbitcoin.com/sbi-holdings-tu-choi-bitcoin-xrp-etf/
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