Reported about 5 hours ago
Franklin Templeton Investments has initiated the process to obtain regulatory approval for a new crypto index exchange-traded fund (ETF). This move comes as asset managers aim to capitalize on the growing interest in digital assets, spurred by Donald Trump's presidential campaign, which advocated for the U.S. to become a leading hub for cryptocurrency. Despite previous concerns from the SEC regarding investor protection, the commission has recently approved ETFs for bitcoin and ether, allowing more investors to gain exposure to these cryptocurrencies. Franklin Templeton's fund will initially focus on bitcoin and ether, with potential to expand to other digital assets in the future.
Source: YAHOO