SBI Prepares To Launch Cryptocurrency Fund – Bits Media

Japanese financial conglomerate SBI Holdings Inc plans to launch a BTC fund, ETH, XRP, BCH, LTC and other crypto assets until the end of November.

According to Bloomberg publication, President of the SBI MorningStar Japan K.K branch. Tomoy Asakura (Tomoya Asakura) said, that the size of the cryptocurrency fund can reach several hundred million dollars. The fund will include BTC, ETH, XRP, BCH, LTC and other crypto assets.

The minimum threshold of investment in the fund will be from $9 000 to $27 000 For large investors, who understand the cryptocurrency market and understand the risks, related to volatility and other problems.

"I want, so that people invest in crypto assets along with other assets, And they were convinced of their own experience, how much this tool can be useful for diversification of portfolios ", - said Asakura.

He added, what, If the fund sucks, The company "will quickly move" to launch the second product. SBI took four years, To begin to develop this initiative, Given the special attention of the Japanese authorities to regulate investment in crypto acts.

Recall, that in March, the SBI Crypto financial conglomerate division announced the opening of access to mining pool services, which produces crypto assets with 2017 of the year, For all customers.