Franklin Templeton Files for Bitcoin ETF with the SEC!

Writer: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech trade since 2017.

Sep 13, 2023 0:32

Franklin Templeton, a $1.5 trillion asset supervisor, has not too long ago filed for a spot bitcoin exchange-traded fund (ETF) with the US Securities and Alternate Fee (SEC). The proposed ETF will spend money on Bitcoin and observe the CME CF Bitcoin Reference Price, an index that gives a reference fee for the cryptocurrency. If authorized by the SEC, the ETF will commerce on the Chicago Board Choices Alternate (CBOE) and be part of a rising record of Bitcoin ETFs in North America. The approval of the ETF may doubtlessly enhance investor publicity to Bitcoin in a regulated manner.