Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Major Ripple partner in Japan, SBI Group, has announced that it is launching “SBI Cryptocurrency Asset Fund” to let ordinary investors stock up on XRP, Bitcoin, Ethereum, LINK, Bitcoin Cash and Polkadot.
The announcement was shared by Chinese crypto journalist Colin Wu.
SBI announced the release of Japan's first "cryptocurrency fund" for ordinary investors, with investment targets including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, LINK, Polkadot, and XRP. https://t.co/DP06fzpC1V
— Wu Blockchain (@WuBlockchain) December 18, 2021Crypto Market Prediction: XRP's Mythical 1,100% Activity, Bitcoin's Upside Setup Strengthens, Shiba Inu's (SHIB) Razor-Sharp Reversal WindowRipple CTO Shares Hilarious Email from Jed McCaleb ImpersonatorXRP Now Offered by Vanguard, Bitcoin Price on the Verge of 40% Crash, Dogecoin Prints 528,408% Liquidation Imbalance – Crypto News DigestMorning Crypto Report: XRP to Break First ETF $1 Billion This Week, Shiba Inu (SHIB) Teases 29% Price Upside, Bitcoin to $125,000 Is Main Scenario Now: Bollinger Bands
The crypto fund will be run by the SBI Alternative Fund GK. Before buying any crypto from the fund, investors will have to sign an anonymous partnership contract with the SBI Alternative Fund.
“If you wish to purchase this product, please conclude a silent partnership contract with the business operator (SBI Alternative Fund GK).”
The minimum investment must be 5 million yen or more, but it should come in 1 million yen units. Besides, the investment contract cannot be cancelled within a year and a fee will be charged by the fund for any crypto purchase here.
In order to trade the new product by SBI, an investor is required to have a general securities account with SBI Securities.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team