Tag: ETF

Ripple Partner SBI Holdings Rejects Reports of Bitcoin-XRP Dual ETF Filing

Key Notes SBI Holdings plans to file a crypto ETF once Japan’s Financial Services Agency finalizes crypto asset classifications. The ETF, when filed, will come through SBI Global Asset Management and initially target individual investors. This will align with the firm’s commitment to democratizing alternative investments. Japan-based corporate giant and top Ripple partner, SBI Holdings, has rejected the latest media reports of filing a Bitcoin-XRP dual crypto exchange-traded fund (ETF). Earlier this week, media reports showed SBI filing an ETF application for two products. This includes a dual gold and…

Ripple Lawsuit Finally Over: Experts See BlackRock XRP ETF Next

Key Notes Ripple and the SEC have officially ended their four-year legal battle. Judge Torres’ ruling that XRP is not a security in retail transactions stands. Analysts say the legal clarity could pave the way for a BlackRock XRP ETF filing. Ripple and the US Securities and Exchange Commission (SEC) have formally ended their legal dispute. Both parties filed a joint dismissal of all remaining appeals, bringing closure to a lawsuit that began in December 2020 and has stretched for over four years. The agreement follows the SEC’s internal vote…

XRP ETF Odds Drop 8% After SEC Opposes

Key Notes Despite the drop in XRP ETF approval odds, XRP price remains stable around $3.05. Speculation continues around a potential BlackRock XRP ETF, and Ripple partner SBI Holdings has filed for a Bitcoin-XRP dual ETF in Japan. All 13 recent internal SEC votes on crypto ETPs passed with a 3-1 margin, with Crenshaw as the sole dissenting vote. The odds of spot XRP ETF approval have tanked more than 9% to 62% soon after Caroline Crenshaw, the Commissioner of U.S. Securities and Exchange Commission (SEC), said that she remains…

Japanese Financial Giant SBI Moves Forward With Bitcoin-XRP ETF Application

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Japan’s largest bank, SBI, has unveiled plans to launch the country’s first exchange-traded fund (ETF) that will be linked to both Bitcoin (BTC) and XRP.  SBI Unveils Japan’s First Bitcoin And XRP ETF  According to circulating reports, this investment vehicle aims to trade on the Tokyo Stock Exchange (TSE), offering institutional investors a regulated avenue to gain exposure to two of the market’s largest cryptocurrencies.  In addition, the country’s financial giant has introduced a second product, the Digital Gold Crypto ETF, which will allocate 51% to gold and 49% to…

SBI Holdings Proposes Bitcoin/XRP ETF for Tokyo Stock Exchange

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Japan’s SBI Holdings said it plans to launch a bitcoin/ XRP exchange-traded fund (ETF) on the Tokyo Stock Exchange, but the launch is contingent on the Financial Services Agency approving cryptocurrency-linked investment trusts and ETFs. FSA’s Regulatory Review The Japanese financial services group, SBI Holdings, recently revealed its plan to launch a bitcoin/ XRP exchange-traded […] Source

SBI Group Unveils Plans for Japan’s First Bitcoin-XRP ETF

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Japanese financial giant SBI Holdings plans to launch the country’s first dual-asset cryptocurrency exchange-traded fund (ETF), offering exposure to both Bitcoin and XRP. In its earnings report Thursday, the company outlined plans for two crypto-based ETF products. The first product proposal combines gold and crypto asset ETFs bundled into a trust.  According to the company, this would allocate 51% into gold-based ETFs and 49% into crypto-asset ETFs, such as Bitcoin ETFs; this will be publicly offered as an investment trust in Japan. The second proposal combines two top cryptocurrencies, Bitcoin…

Michigan Pension Fund Triples Bitcoin ETF Holdings to 300,000 Shares as Institutional Adoption Accelerates

Key Notes Michigan pension fund expanded ARK Bitcoin ETF position from 100K to 300K shares, signaling institutional crypto adoption growth. State legislators introduced four bills in May to create comprehensive crypto regulatory framework including mining initiatives. Bitcoin’s technical indicators show bearish crossover signals with RSI at 44, creating potential downside risk toward $110K levels. The State of Michigan Retirement System tripled its stake in the ARK 21Shares Bitcoin ETF (ARKB) during Q2, boosting holdings from 100,000 to 300,000 shares. The new SEC filing highlights growing institutional demand for Bitcoin, even…

Bitcoin Treasuries and ETF Investors Diverge Over Buying the Dip

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Key points: Bitcoin corporate treasuries added 630 BTC to start the week, continuing a month-long inflow trend. The move contrasts with an ongoing sell-off among the Bitcoin ETFs, which sold nearly $300 million Monday. Not everyone is bearish about “buying the dip” at current levels. Bitcoin (BTC) corporate treasuries added over 600 BTC Monday despite crypto market nerves. Data from quantitative digital asset fund Capriole Investments confirmed that corporate buyers are ignoring the BTC price dip. Bitcoin treasuries buck ETF sell-off trend Bitcoin is still a solid “buy” for some…

BlackRock’s IBIT Dominates Bitcoin ETF Outflows at $292 Million

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Key Notes BlackRock Bitcoin ETF (IBIT) saw a massive $5.2 billion in net inflows in July, reinforcing its positions as a leader in the space. US spot Bitcoin ETFs saw their third consecutive day of outflows, led by IBIT, Fidelity’s FBTC, and Grayscale’s GBTC. Bloomberg’s Eric Balchunas highlighted a shift in institutional interest toward digital assets and hedge funds, amid a slowdown in private asset fundraising. BlackRock iShares Bitcoin Trust (IBIT) dominated the spot Bitcoin ETF outflows on Aug. 4, at $292 million. This is the biggest outflow since May…