Franklin Templeton files for spot Bitcoin ETF

Bitcoin News

Asset manager Franklin Templeton applied to the United States Securities and Exchange Commission (SEC) on Sept. 12 to launch a Bitcoin (BTC) spot exchange traded fund (ETF). The application comes after the SEC delayed decisions on applications from WisdomTree, Valkyrie, Fidelity, VanEck, Bitwise and Invesco BTC spot ETF applications on Aug. 31 and a court ruling Aug. 29 that the SEC must consider Grayscale’s application to covert its BTC futures ETF into a spot ETF.

According to the application, the fund is structured as a trust. Coinbase will custody the BTC and Bank of New York Mellon will be the cash custodian and the administrator. 

This is a developing story, and further information will be added as it becomes available.

Articles You May Like

Ethereum Whales Unfazed By Prices, Pulls $8.1 Million Of ETH From Binance And Buys NFTs
Uniswap launches educational platform with DoDAO
Ethereum ICO Participant Moves $9.96 Million Of ETH To Kraken. Will He Sell?
Binance CEO refutes report on $250M loan to BAM Management
Bybit will suspend services in UK following financial regulator’s ‘final warning’