COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Franklin Templeton Files for a Bitcoin and Ethereum Index ETF
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cryptocurrency News > Franklin Templeton Files for a Bitcoin and Ethereum Index ETF
Cryptocurrency News

Franklin Templeton Files for a Bitcoin and Ethereum Index ETF

In Brief

  • Franklin Templeton filed for a Bitcoin and Ethereum Index ETF with the SEC.

  • The ETF aims to provide combined investment opportunities in major cryptocurrencies.

  • Approval could significantly impact market dynamics and attract institutional interest.

Ömer Ergin
Ömer Ergin 8 months ago
Share
SHARE

Franklin Templeton, a trillion-dollar asset manager, has submitted an application to the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) based on Bitcoin $103,035 and Ethereum $2,482 indices.

Contents
Purpose and Composition of the ETFIndex and Performance Tracking

Purpose and Composition of the ETF

The fund, named the Franklin Templeton Bitcoin & Ethereum Crypto Index ETF, aims to provide investors with a combined investment opportunity in the two largest assets in the market: Bitcoin and Ethereum. This allows investors to invest in both cryptocurrencies without directly holding the crypto assets.

The ETF’s primary assets will include Bitcoin, Ethereum, cash, and short-term instruments with maturities of less than three months. BNY Mellon will act as the custodian and transfer infrastructure for the fund, while Coinbase Custody will safeguard the ETF’s cryptocurrency reserves.

Index and Performance Tracking

The proposed ETF will be fed by the CF Institutional Digital Asset Index for pricing. This index tracks the performance of Bitcoin and Ethereum based on current market conditions. This method will facilitate investors’ ability to benefit from market movements even further.

Franklin Templeton’s action could create new opportunities for those considering investments in crypto assets. Through the ETF, a broader investor base may gain access to cryptocurrencies. However, existing approved BTC and ETH ETFs allow institutional investors to invest directly, even if Franklin does not receive approval.

Furthermore, critical elements of security and transparency for institutional investors are reinforced through the participation of leading firms like BNY Mellon and Coinbase Custody, similar to other ETFs.

The SEC’s evaluation of this application remains a point of curiosity. If approved, Franklin Templeton’s ETF could significantly impact market dynamics.

In conclusion, Franklin aims to offer a new alternative to institutional investors. While the product may not garner sufficient interest in the ETF channel, the dual crypto ETF could attract more demand.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Tron Investors Track Price Swings as Market Dynamics Shift

Moody’s Downgrades US Credit Rating Signaling Economic Risks

Industry Leaders Stress Banks’ Crucial Role in Stablecoin Success

US States Embrace Cryptocurrency Investments with New Legislations

Elon Musk Fuels Surprising Altcoin Surge with Unexpected Gesture

Ömer Ergin 3 October, 2024 - 5:09 am 3 October, 2024 - 5:09 am
Share This Article
Facebook Twitter
Share
Previous Article The U.S. Congress Faces Challenges in Passing Crypto Legislation
Next Article Ro Khanna Advocates for Strategic Bitcoin Reserves in US Government
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Meme Coins Face Major Setbacks as Market Takes a Hit
Meme Token
Tron Investors Track Price Swings as Market Dynamics Shift
Cryptocurrency News Tron (TRX)
Bitcoin Demand Surges with Strong Accumulation on Major Platforms
Bitcoin (BTC)
Elon Musk Spurs Unprecedented KEKIUS Token Price Surge with Social Media Update
Meme Token
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?