A Japanese company reportedly introduced the country’s first crypto fund as virtual assets explode globally.

Japan may have its first cryptocurrency fund until the end of the year, Bloomberg reported for the first time this week.

Japanese conglomerate SBI Holdings will launch the fund through November aimed at investors who already understand the dangers of making an investment in cryptocurrencies, such as wild value fluctuations, Tomoya Asakura told Bloomberg. brokerage firm.

The fund plans to invest in bitcoin, ether, XRP, bitcoin cash, litecoin, among other assets. Investors may want to put a minimum of about $9,100 (1 million yen) to about $27,200 (3 million yen).

Due to Japan’s strict regulations, SBI took 4 years to release the fund, meanwhile, the demand for virtual assets has continued to grow.

The largest cryptocurrency exchange in the United States, Coinbase Global, has responded to the interest by launching a local trading platform in partnership with Japanese banking giant MUFG.

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