??Franklin Templeton Seeks Approval for Bitcoin and Ether ETFs as Bitcoin Clings to $100K Support
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Franklin Templeton has submitted a proposal for a cryptocurrency index ETF aimed at tracking Bitcoin and Ethereum, providing investors with simplified access to the two largest digital assets.
Key Points:
?? ETF Design: The Franklin Crypto Index ETF would directly hold Bitcoin and Ethereum, offering a market-cap-weighted approach to these assets.
?? Investment Strategy: The ETF focuses solely on price tracking without engaging in staking or other income-generating activities.
?? Asset Management: Digital assets will be securely held by a designated custodian, while a traditional financial institution will handle cash management and operations.
?? Regulatory Process: The ETF application is currently under review, with a decision expected in the near future.
tldr: Franklin Templeton seeks approval for a cryptocurrency ETF to provide diversified exposure to Bitcoin and Ethereum.