Japan’s SBI Awaits Nod for Historic Crypto ETF Launch
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SBI Holdings is poised to introduce Japan’s maiden cryptocurrency ETFs, pending regulatory approval.
The company‘s ambitious proposal features two products: a gold-crypto blended trust and a pure crypto play combining Bitcoin and XRP.
The latter is earmarked for Tokyo Stock Exchange listing, potentially creating Japan’s first crypto ETF tradable on a major exchange.
The “upon regulatory approval” caveat suggests active negotiations with Japanese authorities, whose decision could set a precedent for digital asset adoption in the country’s tightly controlled markets.
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