Asset manager Franklin Templeton has joined the race to issue America’s first exchange-traded fund (ETF) that invests directly in bitcoin. The company applied with the U.S. Securities and Exchange Commission (SEC), following in the footsteps of other major investment firms like Fidelity and Blackrock. Franklin Templeton Files for Spot Bitcoin ETF With U.S. SEC California-based financial services firm Franklin Templeton, which manages over $1.4 trillion in assets, has become the latest investments powerhouse to try to obtain approval for a spot bitcoin ETF from the U.S. securities regulator. The company filed its application with the SEC on Tuesday. If it gets the green light from the Commission, Franklin plans to use leading U.S. crypto exchange Coinbase as custodian for the fund’s bitcoin holdings and Bank of New York Mellon for cash, Bloomberg detailed in a report. Interest in bitcoin ETFs from leading asset managers as well as the SEC’s decision to accept for review a number o...
Official Bitcoin Latest News Blog 🗞️