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Franklin Templeton

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cryptocurrency1 year ago

"Solana's Surge and Bitcoin's $50K Milestone Signal Crypto Market Momentum"

Solana's SOL led gains in the cryptocurrency market, with Ethereum ecosystem and layer-2 tokens also experiencing significant jumps as Franklin Templeton filed plans for a spot ether ETF. Despite Bitcoin briefly crossing the $50,000 mark and sparking renewed bullish sentiment, Google search interest for Bitcoin remained at an all-time low, suggesting low retail interest in the topic. The CoinDesk 20 index of the twenty biggest tokens rose 4%, and market observers caution that price retracements in the short-to-medium terms could still be on the cards.

via CoinDesk|
#bitcoin#cryptocurrency#ethereum
financeinvesting1 year ago

"Race for Ethereum ETF Approval Heats Up as Franklin Templeton Joins the Fray"

Franklin Templeton has filed for a spot ethereum exchange-traded fund (ETF), joining seven other providers in the race to introduce similar products. This move comes after the U.S. Securities and Exchange Commission (SEC) approved 11 spot bitcoin ETFs in January. The spot crypto ETF would track the market price of the underlying digital asset, providing investors with exposure to the token without needing to purchase it. Despite being a late entrant, Franklin Templeton is actively marketing its spot bitcoin ETF, while the SEC is yet to decide on applications from other firms like Grayscale Investments and BlackRock for similar products.

via Yahoo Finance|
#crypto#etf#ethereum
cryptocurrency2 years ago

"Bitcoin Demand and ETF Launch: Franklin Templeton CEO's Perspective"

Franklin Templeton's CEO Jenny Johnson expressed optimism about the demand for Bitcoin and its potential as an investment opportunity, highlighting the ability to pay for things with it. The firm sees Bitcoin as a hedge against oppressive governments and is involved in blockchain, including the creation of a tokenized fund on the stellar blockchain. Johnson also mentioned plans to raise funds for a blockchain venture and believes that Bitcoin ETFs provide a better way for investors to access the cryptocurrency.

via Decrypt|
#bitcoin#blockchain#cryptocurrency
cryptocurrency-and-blockchain2 years ago

"Crypto Investment Giants Franklin Templeton and BlackRock Embrace Bitcoin and Ethereum"

Franklin Templeton CEO Jenny Johnson acknowledges the demand for Bitcoin and the potential of blockchain technology, despite previously calling Bitcoin a distraction from blockchain. The investment firm has launched a tokenized fund on the stellar blockchain and plans to raise $20 million for a blockchain venture fund. Johnson highlights the fear component driving interest in Bitcoin as a hedge against oppressive governments and emphasizes the complexity of managing private keys, making Bitcoin ETFs attractive to investors. The U.S. Securities and Exchange Commission recently approved spot Bitcoin ETFs, including applications by Franklin Templeton, BlackRock, GrayScale, and VanEck. Franklin Templeton's Twitter account hinted at future plans involving Ethereum and Solana, while a spokesperson stated that the company continuously monitors developments in digital assets and ETF ecosystems.

via Decrypt|
#bitcoin#blockchain#cryptocurrency
cryptocurrency2 years ago

Franklin Templeton's Bitcoin ETF: Fee Slashed to 0.19%

Franklin Templeton's Bitcoin ETF becomes the cheapest with a reduced fee of 0.19% of net assets, making it the lowest among new investment products, while Grayscale's bitcoin fund (GBTC) saw its discount to net asset value shrink to 0% after receiving approval from the U.S. Securities and Exchange Commission (SEC) to convert into a spot bitcoin exchange traded-fund (ETF). UBS will allow some clients to trade bitcoin ETFs under certain conditions, and the ether-bitcoin ratio has risen to its highest level since November 13, likely due to expectations of Ethereum's native token being the next candidate for spot ETF approval in the U.S.

via CoinDesk|
#bitcoin#cryptocurrency#etf
finance2 years ago

"Franklin Templeton's Bitcoin ETF Fees Slashed to 0.19% Amid AUM Milestone"

Franklin Templeton's Bitcoin ETF has become the cheapest among new investment products after reducing its fee from 0.29% to 0.19%, surpassing Bitwise's 0.2% fee. The fund manager will also waive fees until the fund reaches $10 billion in assets under management. The reduction comes as several providers quickly adjusted their fees in anticipation of market share competition following ETF approvals, with Bitcoin ETFs recording $4.6 billion in trading volume on Thursday.

via CoinDesk|
#bitcoin#etf#fees
cryptocurrency2 years ago

SEC Considers Crypto ETFs, House Lawmakers Push for Approval, Politics Delay BTC ETF, ETH's Potential, Congress Urges SEC Action

The SEC is considering applications for spot crypto ETFs from Franklin Templeton and Hashdex, while delaying decisions on VanEck's and ARK's ether ETFs. The SEC has a maximum of 240 days to approve or deny an ETF, with a decision date for these proposed funds expected in late May 2024. The Commission frequently delays decisions and may extend deadlines due to a potential federal government shutdown. In August, a federal appeals court ruled that the SEC must reevaluate its rejection of Grayscale Investments' bid to convert its Grayscale Bitcoin Trust into an ETF.

via CoinDesk|
#cryptocurrency#etfs#franklin-templeton
cryptocurrency2 years ago

Franklin Templeton Seeks Approval for Bitcoin ETF

Franklin Templeton has filed with the SEC to launch a spot Bitcoin exchange-traded fund (ETF), joining other financial institutions in seeking approval for similar products. The fund would be structured as a trust, with Coinbase as the BTC custodian and Bank of New York Mellon as the cash custodian and administrator. The SEC's decision on the application is expected by October 16. Franklin Templeton noted the risk of regulatory uncertainty in the digital asset markets, which could potentially harm the value of Bitcoin or the ETF.

via Cointelegraph|
#bitcoin#cryptocurrency#etf
finance2 years ago

Franklin Templeton Enters Bitcoin ETF Competition

Franklin Templeton has filed for a spot bitcoin exchange-traded fund (ETF), joining other traditional asset management firms in the race. The proposed ETF would be custodied by Coinbase and trade on Cboe BZX Exchange. While Franklin Templeton is a top name in structured investment products, this is its first filing for a bitcoin ETF. However, other firms like BlackRock, WisdomTree, and Fidelity are further along in the SEC's bureaucratic procedure. The regulator is expected to make a decision on these filings in mid-October, but delays are possible.

via CoinDesk|
#bitcoin-etf#cryptocurrency#finance
legal2 years ago

Central Park bird-watcher's accuser loses job appeal

Amy Cooper, the white woman who called the police on a Black bird-watcher in Central Park, has lost her appeal against her former employer, Franklin Templeton, who fired her following the incident. The 2nd U.S. Circuit Court of Appeals in Manhattan ruled that Cooper did not prove that she was illegally dismissed on the basis of race or defamed by being branded a racist. The court also stated that Franklin Templeton's statements did not mention Cooper's race and that the company responded appropriately.

via Reuters|
#amy-cooper#central-park-karen#franklin-templeton
legal2 years ago

Central Park bird-watcher's accuser loses job appeal

Amy Cooper, the white woman who called police on a Black bird-watcher in Central Park, has lost her appeal to reinstate a lawsuit against her former employer, Franklin Templeton, who fired her following the incident. The 2nd U.S. Circuit Court of Appeals in Manhattan ruled that Cooper did not prove that she was illegally dismissed on the basis of race or defamed by being branded a racist. The court also stated that Franklin Templeton's statements did not mention Cooper's race and that the company responded appropriately.

via Yahoo News|
#amy-cooper#central-park-karen#franklin-templeton
cryptocurrency2 years ago

Bitcoin's Future: Positive Note or Bleeding Out?

Bitcoin has risen 7% in the past seven days, trading between $27,000 and $30,000. The European Central Bank is considering issuing a retail central bank digital currency and wants its centralized-financial settlement systems to better interact with distributed ledger technology. Binance is set to begin operations in Japan after acquiring the regulated Sakura Exchange BitCoin. San Francisco-based First Republic Bank's shares dropped 50% after revealing its deposits fell by $100 billion in the first quarter. Franklin Templeton's CEO will discuss developing crypto-linked investment products in a bear market.

via CoinDesk|
#binance#bitcoin#cryptocurrency
regulation2 years ago

Regulation and Collaboration: The Future of the Crypto Industry

Franklin Templeton CEO Jenny Johnson believes that the future of the crypto industry will be regulated, and that cryptocurrencies like Bitcoin are a distraction from the real innovation of blockchain technology. Johnson also stated that it's better for companies to engage directly with regulators as they develop new products. Despite regulatory uncertainty, Johnson is still bullish on the potential for crypto and blockchain technology to disrupt the financial industry.

via CoinDesk|
#blockchain-technology#crypto-industry#franklin-templeton