SBI denies submitting Bitcoin XRP dual ETF application According to a representative from SBI Holdings clarifying to Cointelegraph, the company has not yet submitted any ETF applications related to cryptocurrency assets. Previously, there were reports that SBI had submitted two ETF applications, including a dual ETF for gold and cryptocurrency assets and a dual ETF for Bitcoin and XRP, but its financial report did not explicitly confirm this news. SBI stated that the relevant plans are still in the preliminary stage, and the application will be made after the Japanese financial regulatory agency completes legal revisions. The Financial Services Agency (FSA) of Japan previously proposed to include specific cryptocurrency assets in the scope of the Financial Instruments and Exchange Act (FIEA), but the specific timetable has not yet been determined. The future application will be submitted by SBI Global Asset Management, a subsidiary of SBI Holdings, with initial targets for individual investors, aiming to promote the popularization of alternative investments.