Franklin Templeton Files Application to Launch a Spot Bitcoin ETF
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Investment firm Franklin Templeton has just filed with the SEC an application to launch a spot exchange-traded fund (ETF) based on BTC.

According to the application, the product, called the Franklin Bitcoin ETF, will consist primarily of Bitcoins held by Coinbase Custody Trust Company.

If approved, the investment instrument will be launched on Cboe BZX. The Chicago Mercantile Exchange's CF Bitcoin is used as a benchmark.

The company is one of the leaders in the structured products segment. Franklin Templeton's total assets under management amount to about $1.4 trillion.

Recall that last July 14, the SEC accepted applications from BlackRock, VanEck, Fidelity Investments, Invesco and WisdomTree for consideration, although at the moment the regulator has not approved any spot Bitcoin ETFs.

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