Franklin Templeton Seeks SEC Nod for Crypto Index ETF
- Franklin Templeton files S-1 for a broad Bitcoin and Ethereum-focused Crypto Index ETF.
- Proposed ETF may expand beyond BTC and ETH, based on regulatory shifts and market trends.
- Franklin’s strategic ETF move aligns with growing interest in diverse crypto investment options.
Asset manager Franklin Templeton, overseeing $1.6 trillion in assets, expanded its presence in the crypto market by filing an S-1 application with the U.S. Securities and Exchange Commission (SEC). The August 16 filing seeks approval to launch a new Crypto Index Exchange-Traded Fund (ETF) holding Bitcoin and Ethereum.
JUST IN:
— Bitcoin Magazine (@BitcoinMagazine) August 16, 2024$1.6 trillion Franklin Templeton files for Crypto Index ETF that will initially hold #Bitcoin
pic.twitter.com/JPxVOSsKih
The Franklin Crypto Index ETF aims to track the performance of Bitcoin and Ethereum, providing investors with diverse exposure to the crypto market. According to the S-1 filing, the ETF will follow the CF Institutional Digital Asset Index, initially concentrating on Bitcoin (BTC) and Ethereum (ETH). The filing also indicates the fund could incorporate additional crypto assets in the future…
The post Franklin Templeton Seeks SEC Nod for Crypto Index ETF appeared first on Coin Edition.
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Franklin Templeton Seeks SEC Nod for Crypto Index ETF
- Franklin Templeton files S-1 for a broad Bitcoin and Ethereum-focused Crypto Index ETF.
- Proposed ETF may expand beyond BTC and ETH, based on regulatory shifts and market trends.
- Franklin’s strategic ETF move aligns with growing interest in diverse crypto investment options.
Asset manager Franklin Templeton, overseeing $1.6 trillion in assets, expanded its presence in the crypto market by filing an S-1 application with the U.S. Securities and Exchange Commission (SEC). The August 16 filing seeks approval to launch a new Crypto Index Exchange-Traded Fund (ETF) holding Bitcoin and Ethereum.
JUST IN:
— Bitcoin Magazine (@BitcoinMagazine) August 16, 2024
The Franklin Crypto Index ETF aims to track the performance of Bitcoin and Ethereum, providing investors with diverse exposure to the crypto market. According to the S-1 filing, the ETF will follow the CF Institutional Digital Asset Index, initially concentrating on Bitcoin (BTC) and Ethereum (ETH). The filing also indicates the fund could incorporate additional crypto assets in the future…
The post Franklin Templeton Seeks SEC Nod for Crypto Index ETF appeared first on Coin Edition.
Read More