Franklin Templeton, which has more than $1.5 trillion in assets under management, has become the latest company to join the spot Bitcoin (BTC) exchange-traded fund (ETF) race.
Well-established investment firm Franklin Templeton was among the companies that applied to offer a spot Bitcoin ETF in the USA. In a filing with the U.S. Securities and Exchange Commission (SEC) on September 12, Franklin Templeton Bitcoin applied.
“Shares of Franklin Bitcoin ETF” The largest cryptocurrency exchange in the USA as the custody partner for the Bitcoin assets of the fund called Agreement with Coinbase seen. Also the fund cash assets whereas Bank of New York (BNY) Mellon It was stated that it would be kept within the
Franklin Templeton, fund in Delaware is organized as a legal trust and cboe on the stock exchange will be listed he stated.
Number of companies applying for spot bitcoin ETF with the SEC along with Franklin Templeton to 12 has risen. In mid-June, the world’s largest asset management company BlackRock’s The spot Bitcoin ETF race, which was reignited with the application of No official progress was made.
But CEO of crypto investment firm Galaxy Digital Mike Novogratz Many actors such as spot Bitcoin ETFs in the medium term will begin to be approved he thinks.
On the other hand, Franklin Templeton applied to the SEC for a spot Bitcoin ETF behind BlockRock and Fidelity Investments. one of the largest asset management companies became a company.