Japanese financial group SBI’s new fund will invest in NFTs and Bitcoin futures ETFs.
SBI Group announced the launch of a diversified cryptocurrency fund in Japan, which was founded on December 2, 2021. The fund consists of seven cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), Polkadot (DOT), ChainLink (LINK).
The maximum investment ratio per crypto asset is 20%, investments will be allocated according to the market capitalization ratio. The company positions the fund as “Japan’s first cryptocurrency fund for private investors.”
SBI warns that Japanese investors must fully understand the nature of cryptocurrencies and the risks associated with investing in digital currencies before investing in a fund. You can apply for investment in the new SBI crypto fund from December 17 to January 31, 2022. The fund will be managed by a cryptocurrency conversion company SBI Alternative Fund GK.
Cryptocurrency Fund SBI “seeks to reduce investment risk through temporary asset diversification.” Initial buy “and” sell to maturity “will take 3 months to reduce investment risk through time diversification. The automatic rebalancing of the distribution of the investment ratio is carried out once a month. The SBI press release mentions the possibility of the new fund investing in “bitcoin futures ETFs and widespread NFTs.”
Recently, the investment arm of Solana Labs announced the launch of a new $ 150 million fund. The money will be invested in gaming projects based on the Solana blockchain. In April, Huobi Group’s affiliate Huobi Technology Holdings announced the official launch of Ethereum and Bitcoin funds for institutional investors in Hong Kong, scheduled for March.
