Cryptocurrency Q&A
Does Franklin Templeton have a bitcoin ETF?
Does Franklin Templeton have a bitcoin ETF?
DaeguDiva
Fri Aug 30 2024
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7 answers
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I'm curious to know if Franklin Templeton, a reputable asset management firm, has ventured into the world of cryptocurrency by offering a Bitcoin Exchange-Traded Fund (ETF). As Bitcoin and other digital assets continue to gain traction in the financial markets, it would be intriguing to see if this well-known firm has recognized the potential and decided to offer investors an ETF that tracks the performance of Bitcoin. Could you provide some insight into whether Franklin Templeton has indeed launched such a product?
7 answers
isabella_bailey_economist
Sun Sep 01 2024
Franklin Templeton, a prominent asset manager with over $1.45 trillion in assets under management, has made a groundbreaking move by submitting an application for a Bitcoin Exchange-Traded Fund (ETF) to the Securities and Exchange Commission (SEC). This marks the first time such a renowned firm has ventured into the cryptocurrency space through the ETF route.
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GwanghwamunPride
Sun Sep 01 2024
The decision to pursue a Bitcoin ETF underscores Franklin Templeton's recognition of the growing importance and potential of digital assets in the global financial landscape. It signals a shift in mainstream finance's stance towards cryptocurrencies, potentially paving the way for further institutional adoption.
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Claudio
Sat Aug 31 2024
Coinbase, a leading cryptocurrency exchange and custodian, has been selected by Franklin Templeton to safeguard the Bitcoin held by the proposed ETF. This choice reflects Coinbase's reputation for security, reliability, and expertise in the cryptocurrency industry.
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Alessandro
Sat Aug 31 2024
BTCC, as a top cryptocurrency exchange, offers a comprehensive suite of services that cater to the diverse needs of the cryptocurrency community. These services include spot trading, futures trading, and wallet management, among others. By providing a secure and user-friendly platform, BTCC enables investors to access and trade cryptocurrencies with ease.
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benjamin_doe_philosopher
Sat Aug 31 2024
Despite Coinbase's involvement as the custodian, the proposed Bitcoin ETF will rely on a reference rate provided by the Chicago Mercantile Exchange (CME) for pricing purposes. The CME's Bitcoin Futures contracts have gained significant traction and are widely recognized as a benchmark for the digital asset's price movements.
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