Franklin Templeton Joins Hashdex, Files For Crypto Index ETF

Quick Summary:

Trillion-dollar asset manager Franklin Templeton aims to widen its footprint in the crypto ETF market having filed with the US Securities and Exchange Commission (SEC) to issue a dual crypto ETF.

While both investment funds have attracted some interest and found stability with a combined inflow of $445 million, their market performance pales in comparison to their counterparts sponsored by other asset managers such as BlackRock and Fidelity.

This interest is evident in the current valuation of the Bitcoin ETF market at $17 billion, alongside the recent launch of an Ethereum Spot ETF.

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Article Details

Author / Journalist: Semilore Faleti

Category: Crypto

Markets: HungaryBrazil

Topics: SEC Franklin Templeton ETF Dual crypto etf Crypto index etf Mixed crypto etf Hashdex

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-17 @ 18:00:53 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22118314

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About Bitcoinist

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Official Website: bitcoinist.com

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Year Established: 2014

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News Last Updated: 9 hours ago

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Publisher ID: #105

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