🚀 Franklin Templeton and Hashdex file an ETF with the SEC, joining the fast-growing club of financial entities! 💼
- Franklin Templeton, which manages $1.45 trillion in assets, filed for a spot Bitcoin ETF with the SEC, following in the footsteps of BlackRock and Fidelity.
- Coinbase will be the custodian of the Bitcoin ETF, while prices will be benchmarked to the Chicago Mercantile Exchange (CME).
- Franklin Templeton joins BlackRock, Fidelity, and VanEck who have submitted similar ETF applications; an SEC decision is expected in October.
🌐 Hashdex also filed an application with the SEC for an Ethereum ETF that includes spot and futures contracts.
- This innovative ETF aims to give investors exposure to Ethereum spot and futures contracts.
- Hashdex plans to reduce the risk of manipulation by diversifying the assets held.
🇧🇷 Brazil is considered ahead of the game in the crypto ETF game, thanks to early recognition of crypto's potential and a regulatory framework for investor protection.
⏳ The SEC's decision on this ETF application is highly anticipated, as it could open a new era of crypto adoption in traditional financial markets.