SBI Holdings unveiled plans for a dual-asset ETF featuring a hybrid gold and crypto trust with a 51/49 allocation and a dedicated Bitcoin-XRP product, pending regulatory approval as FSA reviews crypto classifications.
SBI Holdings announced its plan to launch Japan's first dual-asset cryptocurrency ETF with two proposals. The first is a hybrid investment trust that allocates 51% to gold-based ETFs and 49% to crypto asset ETFs, including Bitcoin ETFs. The second is a dedicated ETF combining Bitcoin and XRP, with plans to list on the Tokyo Stock Exchange. Both products are set to be launched upon regulatory approval amid the FSA's initiative to reclassify crypto assets under the Financial Instruments and Exchange Act.