- Gumi and SBI Financial Services launched a cryptocurrency fund worth 3 billion yen ($18.3 million) to invest in Bitcoin and major altcoins.
- The fund will use staking, portfolio rebalancing and hedging strategies, and is intended to prepare for the possible approval of crypto ETFs in Japan.
- Gumi said it runs an XRP-centered portfolio alongside its crypto investment fund business, and that its crypto holdings nearly doubled to 14.13 billion yen.
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Gumi, a Japanese game developer, has launched a cryptocurrency investment fund with SBI Financial Services.
Cointelegraph reported on July 30 that the two companies began operating a 3 billion yen ($18.3…
