#Gate ETH 挖矿年化收益 5%#


In addition to the dual currency ETF, SBI also simultaneously revealed another product named "SBI Crypto Asset ETF Portfolio Fund ( SBI Fund of Crypto-Asset ETFs )", which is an investment trust fund publicly issued in Japan, with over 51% of asset allocation in gold ETFs; up to 49% allocated to crypto asset ETFs ( such as Bitcoin ETFs ).

These two products are still awaiting regulatory approval from Japanese authorities. If they successfully obtain permission, it will mark the first time that Ripple (XRP) is included in the Japanese ETF market.

XRP is currently the 3rd largest cryptocurrency by market capitalization globally, but has long been excluded from mainstream institutional products due to past regulatory controversies it faced in the United States.

This time led by SBI, it undoubtedly brings a new opportunity for the legalization of Ripple, and offers more diversified cryptocurrency investment tools for the Asian market. It is worth noting that SBI is an important partner of Ripple Labs in Japan, and the joint venture SBI Ripple Asia has long promoted the application of Ripple in the field of cross-border payments.
ETH3.68%
XRP0.27%
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