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SBI Holdings applies in Japan to launch an ETF investing in XRP and Bitcoin
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According to a report by Be in Crypto, as cited by Jinse Finance, Japanese financial services company SBI Holdings has submitted applications for two cryptocurrency-related exchange-traded funds (ETFs). The first fund, a crypto asset ETF, will invest directly in XRP and Bitcoin. The second fund, a digital gold crypto ETF, will combine gold-backed securities and digital currencies, with more than 50% of its assets allocated to gold ETFs.
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