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

Generated by AI AgentCoin World
Friday, Aug 8, 2025 3:53 am ET1min read
BTC
--
XRP
--
Aime RobotAime Summary

- SBI Holdings denied media claims it filed crypto ETF applications, including a Bitcoin-XRP dual-asset fund, citing no formal submissions.

- The delay stems from Japan's FSA proposing crypto asset recognition under financial laws, requiring regulatory clarity before ETF filings.

- SBI plans to launch crypto ETFs via its subsidiary SBI Global Asset Management, targeting individual investors to democratize alternative investments.

- Regulatory uncertainty remains a key barrier, with product timelines dependent on finalized legal and tax framework updates.

Japanese financial services conglomerate SBI Holdings has denied recent media reports suggesting the company had filed applications for new exchange-traded funds (ETFs) involving cryptocurrencies. The claims, which surfaced on Wednesday, alleged that SBI had submitted an application for two dual-asset ETFs: one combining gold and crypto assets, and another pairing

Bitcoin
(BTC) and
XRP
(XRP). These reports were based on the company’s recent earnings presentation, but no definitive evidence was provided to confirm the applications [1].

In a clarification issued to Cointelegraph on Friday, an SBI Holdings representative stated, “Contrary to some media reports, we have not filed any applications with the authority to form an ETF related to crypto assets.” The company emphasized that any such initiatives are still in the planning phase and have not yet reached the formal submission stage [1].

SBI Holdings further indicated that its decision to delay filing any ETF applications is tied to ongoing regulatory developments in Japan. On June 24, the country’s Financial Services Agency (FSA) proposed recognizing certain crypto assets as financial products under the Financial Instruments and Exchange Act (FIEA), a move that could reshape how digital assets are treated in the Japanese market. The SBI representative explained that the company will wait for final clarity from regulatory and tax authorities before proceeding with any filings. “The filing will be done after these legal revisions have been made,” the representative added [1].

The company also confirmed that if and when ETFs are launched, they will be filed under SBI Global Asset Management, a subsidiary of SBI Holdings. When asked whether the proposed ETFs would target institutional or retail investors, the representative clarified that the focus would be on individual investors. SBI Holdings expressed its commitment to “advocating for and promoting the democratization of alternative investments,” aligning with its broader mission to expand access to diversified financial products [1].

Despite the delay, the company has not ruled out future ETF initiatives involving crypto assets. However, it remains clear that regulatory clarity remains a prerequisite for formal action. Until then, the timeline for any such product launches remains uncertain. SBI Holdings reiterated that all publicly disclosed details on its ETF plans are limited to what appears in its earnings report and have not been expanded upon beyond that.

Source:

[1] SBI Holdings denies reports it filed for Bitcoin-XRP dual ETF in Japan

https://cointelegraph.com/news/sbi-holdings-denies-reports-of-filing-bitcoin-xrp-dual-etf?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound