TechFlame reported that on August 6, Japanese financial services firm SBI Holdings has submitted two applications for crypto-related exchange-traded funds (ETFs), according to Be in crypto.

The first fund is a crypto asset ETF, which will directly invest in XRP and Bitcoin; the second fund is a digital gold crypto ETF, which will combine gold-backed securities and digital currencies, and more than 50% of the capital will be allocated to the gold ETF.