Franklin Templeton seeks US SEC approval to launch new cryptocurrency index ETF
ChainCatcher reports, according to Reuters, Franklin Templeton Investments announced on Thursday that the company is seeking regulatory approval to launch a new cryptocurrency index ETF. The asset management firm hopes to profit from the cryptocurrency craze after Trump's victory in the U.S. presidential election.
In documents submitted to regulators on Thursday, Franklin Templeton stated: "The fund may not currently hold any digital assets other than Bitcoin and Ethereum. It is uncertain whether any digital assets other than Bitcoin and Ethereum will be added to the base index in the future." This leaves room for Franklin Templeton to modify its ETF after other cryptocurrencies receive SEC approval.
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