Japanese financial conglomerate SBI Holdings Inc plans to launch a fund for BTC, ETH, XRP, BCH, LTC and other crypto assets by the end of November.
According to a Bloomberg publication, Tomoya Asakura, president of SBI Morningstar Japan KK subsidiary, said that the size of the cryptocurrency fund could reach several hundred million dollars. The fund will include BTC, ETH, XRP, BCH, LTC and other crypto assets.
The minimum investment threshold for the fund will be from $ 9,000 to $ 27,000 for large investors who understand the cryptocurrency market and understand the risks associated with volatility and other problems.
“I want people to invest in crypto assets along with other assets, and see firsthand how useful this tool can be for diversifying portfolios,” Asakura said.
He added that if the fund succeeds, the company will “move quickly” to launch a second product. It took SBI four years to start developing this initiative, given the Japanese authorities’ particular focus on regulating investment in crypto assets.
Recall that in March, the division of the financial conglomerate SBI Crypto announced the opening of access to the services of the mining pool, which has been extracting crypto assets since 2017, for all customers.
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