SBI Holdings Denies Filing Crypto ETFs, Says Products Still in Planning Stage

Japanese financial services conglomerate SBI Holdings denied media reports that the company had filed for crypto-related exchange-traded funds (ETFs).  Media reports circulated Wednesday saying SBI had filed an ETF application for two products: a dual gold and crypto ETF and a dual Bitcoin (BTC) and XRP (XRP) ETF.  The stories cited the company’s earnings report. However, as Cointelegraph reported, the earnings report did not clearly confirm whether any applications had been filed. In a statement to Cointelegraph on Friday, an SBI representative clarified: “Contrary to some media reports, we have…

SBI Holdings Files For Japan’s First Dual Bitcoin-XRP, Old-Crypto Mix ETFs

Key Notes Japan’s largest financial services firm seeks regulatory approval for groundbreaking cryptocurrency investment products. SBI targets 60 million account signups while positioning itself as the nation’s leading digital asset exchange platform. The company plans strategic investments in both USD and JPY-backed stablecoins to strengthen market presence. Japanese financial services firm SBI Holdings has announced its intent to launch crypto-asset-linked investment trusts and exchange-traded funds (ETFs) upon regulatory approval from the Financial Services Agency (FSA) in Tokyo. The plans were announced during SBI Holdings’ earnings report for the three-month period…

Bitcoin ETFs Bleed for 4th Straight Day, But Big Players Still Buying

Key Notes Bitcoin spot ETFs face four consecutive days of net outflows. Institutions continue buying the dip, with Vaultz Capital adding 47.85 BTC today. Analysts remain divided on short-term price action but see long-term growth. The US Bitcoin spot ETFs recorded net outflows of $196 million on Aug. 5, extending a losing streak to four consecutive days. This exodus comes as Bitcoin BTC $114 184 24h volatility: 0.2% Market cap: $2.27 T Vol. 24h: $35.53 B started the month with a bloodbath, recording a 3.5% weekly loss. Fidelity’s FBTC led…

Spot Ether ETFs See Record $465M Daily Outflow

United States spot Ether exchange-traded funds (ETFs) recorded nearly half a billion dollars in daily net outflows on Monday, marking their highest single-day outflow since launch, according to data from investment firm Farside Investors. Farside Investors’ data shows that spot Ether (ETH) ETFs had net outflows of $465 million on Monday, their second day of outflows since breaking a 20-day inflow streak on Friday with net outflows of $152 million.  The sharp pullback suggests a potential shift in investor sentiment after a strong performance in July, during which spot Ether…

Whales Keep Buying ETH, Ethereum ETFs Keep Selling

Key Notes On-chain data shows the emergence of three massive ETH wallets. ETH-based ETFs have already recorded over $600 million in outflows in two days. The crypto market is facing resistance at $3.75 trillion. Ethereum ETH $3 626 24h volatility: 2.0% Market cap: $437.64 B Vol. 24h: $29.62 B rally from $2,500 to over $3,900 brought significant interest from large investors over the past month. The leading altcoin experienced strong inflows into US-based spot ETH exchange-traded funds and impressive over-the-counter deals from potentially long-term whales. Since July 9, 14 new…