Franklin Templeton Joining Bitcoin ETF Race: All You Need to Know
Franklin Templeton Digital Assets has filed for a spot Bitcoin ETF, joining the growing list of applicants awaiting SEC approval. Learn more about their plans and their previous ventures in the crypto space.
Posted 2 months ago in Bitcoin
Franklin Templeton Digital Assets, a blockchain-focused unit of Franklin Templeton Investments heavyweight, filed for a spot Bitcoin ETF with the U.S. SEC. The filing brings the number of applicants waiting for approval for their Bitcoin ETF filings to nearly 20.
Franklin Templeton, with over $1.5 trillion in assets under management (AUM), plans to launch the Bitcoin spot ETF in collaboration with Coinbase Custody Trust company. The Bank of New York Mellon has been chosen as the cash custody provider for the new ETF.
Franklin Templeton has taken a crypto-friendly approach, previously launching the OnChain U.S. Government Money Fund on the Stellar (XLM) network. This fund, which leveraged blockchain technology for transaction tracking and share ownership, amassed over $270 million in assets by the end of Q1 2023.
Last updated 9/13/2023, 2:37:33 AM
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