SBI Holdings, a prominent Japanese company specializing in financial services, asset management, and biotechnology, has made significant strides by applying for two new cryptocurrency ETFs with the Financial Services Agency (FSA). In the 2025 second-quarter financial results announcement, the company unveiled the “Crypto-Assets ETF” offering direct investment in XRP and Bitcoin 
$75,023, and the “Digital Gold Crypto ETF,” which devotes more than half of its portfolio to gold ETFs. Currently, these applications are pending regulatory approval.
Structure of the Crypto-Assets ETF
The “Crypto-Assets ETF” brings XRP and Bitcoin together under one fund. If approved, institutional investors in Japan will gain direct access to these two cryptocurrencies without intermediaries. This move is poised to enhance XRP’s liquidity channels and spark increased interest in Bitcoin.
The application is under review by the FSA’s cryptocurrency regulations team. Although the timeline for approval remains undisclosed, industry experts anticipate a decision within a few months. SBI’s ongoing collaboration with Ripple 
$1 strengthens confidence in the XRP ecosystem.
SBI Holdings has accumulated experience in blockchain-based payment systems and stablecoin reserves creation. This expertise will now be leveraged in managing the new ETFs, providing an edge in both technical infrastructure and regulatory compliance.
Balance between Gold and Cryptocurrency
The “Digital Gold Crypto ETF” adds stability to its portfolio by allocating at least 50% of its assets to gold ETFs. The remaining portion consists of cryptocurrencies like Bitcoin and XRP, crafting a hybrid model aimed at investors with a low-risk tolerance.
Gold’s role as a safe haven balances out the volatility of cryptocurrencies. SBI aims to captivate both traditional investors and cryptocurrency enthusiasts. Market analysts highlight how this structure could enhance liquidity flow and inspire similar product offerings.
The fund composition blends the hedge features of gold with the growth opportunities presented by cryptocurrencies, allowing investors to achieve portfolio diversification through a single means.
