SBI Holdings has announced its plans to launch Japan's first dual-asset cryptocurrency exchange-traded fund (ETF), providing exposure to both Bitcoin and XRP. The proposal, included in the company's recent earnings report, features two crypto-focused products: a gold-crypto ETF combining 51% gold ETFs and 49% crypto asset ETFs, and the dual ETF for Bitcoin and XRP. SBI intends to list these products on the Tokyo Stock Exchange, contingent upon regulatory approval. This marks a critical opportunity for the Japanese market to embrace publicly offered crypto ETFs, aligning with potential regulatory shifts by Japan's Financial Services Agency (FSA). Discussions about reclassifying crypto assets to facilitate this move are hinted at by SBI's report. However, it remains unclear whether the ETF proposals have been formally presented to the FSA or are still in pre-filing stages. If successful, these products could signal a significant advancement in Japan's cryptocurrency investment landscape.

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