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Japan’s major online brokerages are moving to launch cryptocurrency investment trust products as they target a broader retail investor market.
SBI Securities has started developing exchange-traded funds and investment trust products linked to Bitcoin and Ether through its affiliate SBI Global Asset Management, Nikkei reported on May 17, citing The Block.
SBI plans to establish an in-house structure covering the entire process from product design to sales.
Rakuten Securities is also developing its own cryptocurrency investment trust products through affiliate Rakuten Investment Management. The products are being designed for direct trading through…
