SBI Holdings has refuted media claims regarding its filing of crypto-related exchange-traded funds (ETFs) including a dual Bitcoin-XRP ETF. The company clarified in a statement to Cointelegraph that it has not submitted any applications to form crypto asset ETFs, stating these products are still in the planning stage. Reports had cited SBI's earnings report as the source of this information. The firm noted that it is awaiting regulatory updates from Japan's Financial Services Agency (FSA), which are necessary for the approval of ETFs incorporating crypto assets. The representative confirmed that any future applications would come from SBI Global Asset Management, a subsidiary of SBI Holdings, with an initial focus on individual investors rather than institutional ones. The specific timeline for when applications might be filed remains undetermined due to ongoing regulatory assessments.

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