Franklin Templeton Seeks SEC Approval For Dual Bitcoin, Ethereum Index ETF
Portfolio Pulse from Murtuza Merchant
Franklin Templeton has filed for SEC approval to launch a new ETF that tracks Bitcoin and Ethereum, expanding its crypto offerings. The ETF will be traded on the CBOE, with BNY Mellon and Coinbase as custodians.
October 03, 2024 | 6:11 pm
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Bank of New York Mellon will serve as the custodian for cash and cash equivalents in Franklin Templeton's proposed Bitcoin and Ethereum ETF.
BNY Mellon's role as a custodian in a new ETF could enhance its reputation and business in digital asset services, potentially boosting its stock.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The proposed Franklin Templeton Bitcoin and Ethereum ETF will be traded on the Chicago Board Options Exchange.
Listing a new ETF on CBOE could increase trading volume and interest in the exchange, potentially benefiting its stock.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Coinbase will act as the custodian for Bitcoin and Ethereum tokens in Franklin Templeton's proposed ETF.
Coinbase's role as a custodian in a new ETF could enhance its credibility and business in institutional crypto services, potentially boosting its stock.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 70