Exploring the Crypto Bitcoin ETF Filing by Franklin Templeton

Franklin Templeton Launches Bitcoin ETF
On Sept. 12, asset manager Franklin Templeton submitted an application to the United States Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF). This follows the SEC’s delay in decisions on ETF applications from WisdomTree, Valkyrie, Fidelity, VanEck, Bitwise, Invesco, and a court ruling requiring the SEC to consider Grayscale’s application to convert its Bitcoin (BTC) futures ETF into a spot ETF.
The proposed fund will be structured as a trust, with Coinbase as the custodian of the BTC and Bank of New York Mellon as the cash custodian and administrator. The fund’s shares will be listed on the Cboe BZX Exchange. The SEC’s deadline for making a decision on the application is Oct. 16.
Franklin Templeton’s application acknowledges the risk of regulatory uncertainty in the crypto space, such as Gemini crypto exchange, fidelity crypto, and other web 3.0 applications like the Apple Health application.
Franklin Templeton has $1.5 trillion in assets under management. At the time of writing, the price of BTC was up 4.11% and rising quickly, with crypto exchanges like Gemini and Fidelity offering crypto trading. AI writing is also becoming an increasingly popular feature of Web 3.0 applications, such as the Apple Health application.
Crypto Fraud Surge Leads to Chase Bank Restrictions JPMorgan Chase’s subsidiary, Chase Bank, will be...
As crypto markets prepare for what could be an interesting week, traders are licking their...
Crypto.com and other crypto-related ETFs have been some of the best-performing equity ETFs of 2023,...
The United States Securities and Exchange Commission (SEC) has ignited discussions within the cryptocurrency community...
The demand for Bitcoin is driving sentiment around the crypto industry, fueling the capital locked...
The Realized Cap HODL Waves (RHODL) metric of Bitcoin (BTC) that successfully predicted the...
Suspicion arose among traders as Bitcoin (BTC) rebounded from three-month lows on Sept. 12, with...
This week, Bitcoin (BTC) price came close to the $36,000 mark, before quickly reversing and...
In a significant stride towards the digital asset realm, BlackRock, a prominent asset management giant,...
Cryptocurrency users, including Mark Cuban, have experienced the devastating effects of online hacks, where close...
The crypto community expressed their disappointment after the leader of one of the biggest financial...
BlackRock’s iShares Bitcoin ETF Listed on DTCC Investment firm BlackRock’s proposed iShares spot Bitcoin exchange-traded...