SBI Holdings Files Applications for Two Crypto ETFs Linked to Bitcoin, XRP, and Gold
Foresight News reports that Japan's financial services group SBI Holdings disclosed in its second-quarter earnings announcement that it has submitted applications to the Japan Financial Services Agency for two crypto asset ETFs, which will be linked to Bitcoin, XRP, and gold. One of the funds is a crypto asset ETF that will provide direct exposure to XRP and Bitcoin. The second fund is a digital gold crypto ETF, which adopts a hybrid approach by combining gold-backed securities with digital currencies, with more than 50% of the fund allocated to gold ETFs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump Energy Chief Says Fuel Export Ban Wouldn't Lower Prices
Nikkei May Decline Amid Concerns About Energy Costs -- Market Talk
Costco Wholesale Nearly Doubles Kirkland Motor Oil Price, Caps Purchases at Two Weekly
Liquidity Unconcerned? The Federal Reserve Hits 'Pause' Again, Ceasing Reserve Management Bond Purchases Until Mid-October
The Federal Reserve announced on Monday that it will not conduct short-term Treasury bond purchases for reserve management purposes in the next phase for the second consecutive month, indicating that policymakers are satisfied with the level of bank reserves in the financial system.
Crypto prices
More
