In the fall of this year, Japan will launch its first crypto fund

As you can see, there is a huge amount of news from the crypto world every day, and today is no exception, today when Tokyo financial giant SBI Holdings Inc. announced its plans to launch the first cryptocurrency fund in Japan. It thus takes the example of institutions from all over the world that allow their clients access to crypto investments, especially in the form of their own crypto funds. It is only recently that we have announced that huge US banks such as JPMorgan and Wells Fargo have expressed interest in providing their clients with access to crypto funds, with other major global names joining the list. In this case, it will be the first fund focused on investments in cryptocurrencies in Japan, which will provide individual investors with this form of diversification, informs Bloomberg.

The exact launch date of the first crypto fund in Japan is not yet known, according to SBI Holdings Inc. however, it should be by the end of November this year at the latest. Director of SBI Holdings, Inc. Tomoya Asakura predicts that the fund could reach several hundred million dollars to be invested in popular cryptocurrencies such as BTC, ETH, XRP, or LTC, as well as many others. Tomoya Asakura also concluded as follows:

,,I want people to hold it together with other assets and experience firsthand how useful it can be for diversifying portfolios. If our first fund goes very well, we’d like to move quickly to make a second one.