SBI Denies Filing Crypto ETF Applications in Japan, Confirms Plans Still in Development
SBI Holdings has pushed back against media reports suggesting it has already taken formal steps to launch cryptocurrency-focused exchange-traded funds in Japan.
Earlier this week, several outlets claimed the financial services group had submitted applications for two new ETF products – one linking gold with digital assets and another combining Bitcoin with XRP – citing information pulled from its most recent earnings materials.
In a statement, an SBI spokesperson clarified that no such filings have been made. “Contrary to some media reports, we have not filed any applications with the authority to form an ETF related to crypto assets,” the representative said, stressing that the project is still in the…
