Japanese financial giant SBI Holdings announced plans to create new crypto asset fund offering 50% allocation to Ripple XRP

Japanese financial giant SBI Holdings announced plans to create new crypto asset fund offering 50% allocation to Ripple XRP


Another day, another Ripple / XRP success . It has been a great year for both, despite the global economic problems that have been triggered by the global pandemic.

Ripple has been pushing XRP adoption for quite a while now, while stimulating the entire XRP ecosystem .

Now XRP enthusiasts are getting some other great news.

SBI Holdings to Create New Cryptographic Asset Fund

Japanese financial giant SBI Holdings has announced plans to create a new crypto asset fund offering a 50% allocation to Ripple XRP .

SBI said the crypto asset fund is expected to launch in the coming months.

SBI explained that the fund is designed to allow its clients to gain exposure to the unique and emerging asset class.

“Provide individual investors with a fund of cryptographic assets that embody the resources of the SBI group. Cryptographic assets, which have a low correlation with traditional assets such as stocks, bonds, etc. , improve the efficiency of diversification. "

It has also been revealed that the other half of the fund will have an allocation of 30% Bitcoin ( BTC ) and an allocation of 20% Ethereum ( ETH ).

In any case, we recommend that you consult the full official notes to find out more

https://www.sbigroup.co.jp/english/investors/disclosure/presentation/pdf/200626presentations.pdf

XRP bullish prediction

We reported earlier today that there are bullish forecasts for the price of XRP .

The richest addresses are buying more and more XRP .

According to the Ledger.exposed data analysis service, provided by the famous developer Ripple Wietse Wind, some XRP whales have accumulated more than 1.5 million XRP in recent months.

According to the latest reports, XRP investment has increased, especially among investors who hold 10 million or more XRP in their portfolio.



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