XRP News Today: SBI Denies Filing Bitcoin XRP ETF Applications Amid Regulatory Uncertainty

SBI Holdings, a leading Japanese financial services firm, has officially denied recent media reports that it had submitted applications for two cryptocurrency-related Exchange-Traded Funds (ETFs) in Japan [1]. The firm clarified that no formal submissions had been made and that the proposed plans remain in the preliminary stages, contingent on regulatory developments [1]. This denial came after earlier reports on August 6 suggested that the firm had filed for both a Bitcoin and XRP-focused ETF and a digital gold ETF, with the latter allocating over 50% to gold-backed securities [1].

The initial speculation had stemmed from Q2 disclosures by SBI Holdings, which listed the proposed ETFs as part of its strategic initiatives [2]. However, the firm quickly retracted these claims, emphasizing that no official applications had been submitted as of the time of the denial [1]. SBI Holdings has previously expressed its intention to launch such products once Japan’s financial regulators complete necessary legal reforms, positioning itself as a key player in shaping the regulatory landscape for crypto investment vehicles in the country [3].

The confusion over the filings appears to have created a ripple in market sentiment, particularly for XRP-related assets. An unrelated U.S. Securities and Exchange Commission (SEC) commissioner’s recent skepticism toward crypto ETFs reportedly caused the probability of an XRP ETF approval to drop by 8% [4]. Although this did not directly impact Japan’s regulatory framework, it illustrated the broader challenges SBI and other firms face in securing approval for crypto-linked investment products.

SBI Holdings’ stock price also experienced a 3.5% decline amid the uncertainty surrounding its crypto ambitions [5]. The drop reflects the market’s sensitivity to developments related to the firm’s digital asset initiatives and highlights the volatility often associated with news in the crypto space.

Managing over $214 billion in assets, SBI Holdings remains one of Japan’s largest financial institutions [2]. Its continued exploration of crypto investment vehicles has drawn significant attention from investors and regulators alike, as it attempts to integrate digital assets into traditional financial markets. The mixed signals and delayed applications underscore the complexities of navigating Japan’s evolving regulatory environment for crypto products.

SBI’s approach seems to balance proactive market positioning with the need to comply with legal requirements. If the firm successfully launches a Bitcoin-XRP ETF, it could set a precedent for future crypto-related investment vehicles in Japan [3]. Until then, the firm’s efforts remain in a state of anticipation, awaiting regulatory clarity to proceed.

Source:

[1] XRP News Today: SBI Holdings Denies Filing Crypto ETF ... (https://www.ainvest.com/news/xrp-news-today-sbi-holdings-denies-filing-crypto-etf-applications-regulatory-uncertainty-2508/)

[2] XRP and Bitcoin Included in New Crypto ETF Filings by ... (https://pro-blockchain.com/en/xrp-and-bitcoin-included-in-new-crypto-etf-filings-by-japan-s-sbi)

[3] SBI Eyes Japan's First Bitcoin-XRP ETF in Regulatory Test ... (https://coindoo.com/sbi-eyes-japans-first-bitcoin-xrp-etf-in-regulatory-test-case/)

[4] XRP ETF Odds Tank 8% as Us SEC Commissioner Says ... (https://cryptorank.io/ru/news/feed/4bfe8-xrp-etf-odds-tank-8-as-us-sec-commissioner-says-no-to-crypto-etfs)

[5] SBI (OTCMKTS:SBHGF) Shares Down 3.5% - Here's Why (https://www.marketbeat.com/instant-alerts/sbi-otcmktssbhgf-trading-down-35-time-to-sell-2025-08-04/)