#加密货币ETF发展# The progress of Japan's encryption ETF seems to have entered a turbulent period. SBI Holdings denied previous reports about having applied for a dual Bitcoin and XRP ETF, clarifying that these plans are still in the development stage. Such back-and-forth is common, as regulatory uncertainty often leads to fluctuating market news. However, SBI's joint venture with Franklin Templeton and the two ETF concepts they are preparing demonstrate their ambition and strategic layout. As observers, we must remain calm, follow official announcements and regulatory developments, rather than being swayed by market rumors. Movements by large financial institutions often indicate the direction of industry development, which we should continuously track. In this process, we may discover some potential investment opportunities. But remember, any investment decision needs to be based on solid information and one's own risk tolerance.