Franklin Templeton Launches Bitcoin ETF
Asset management firm Franklin Templeton has entered the digital asset space with the launch of its spot Bitcoin exchange-traded fund (ETF) called the Franklin Bitcoin ETF (EZBC). The ETF is designed for U.S. investors and tracks the performance of Bitcoin. It offers accessibility and simplicity for investors, with a low expense ratio of 29 basis points. The ETF is available on the Cboe BZX Exchange.
Jenny Johnson, President and CEO of Franklin Templeton, stated that the company is continuously innovating and staying ahead of disruptive technologies, which is why they are proud to add the Franklin Bitcoin ETF to their offerings.
Franklin Templeton Establishes Digital Assets Team
Franklin Templeton has also established a dedicated group called Franklin Templeton Digital Assets. This team focuses on research and technical development within the digital asset ecosystem and played a crucial role in launching EZBC. They have been involved in developing investment offerings, technology platforms, and strategies to help clients navigate the digital asset landscape effectively.
Roger Bayston, Head of Digital Assets at Franklin Templeton, emphasized the importance of introducing products like EZBC to further the understanding and accessibility of digital assets within the broader investing community.
Hong Kong Urged to Follow US’ Lead on Bitcoin ETFs
A lawmaker in Hong Kong, Johnny Ng, has called on the local government to swiftly approve spot Bitcoin ETFs to position the city as a leader in the cryptocurrency space. Ng highlighted the readiness expressed by Hong Kong’s Securities and Futures Commission to accept applications for spot Bitcoin ETFs. He stressed that Hong Kong should capitalize on the rapid development and competition in the virtual asset sector to secure a global position.
Hot Take: Franklin Templeton Expands into Bitcoin ETF Market
Asset management firm Franklin Templeton has made its entry into the digital asset market with the launch of its spot Bitcoin ETF, EZBC. This move demonstrates the company’s commitment to innovation and staying ahead of disruptive technologies. By establishing a dedicated team for digital assets, Franklin Templeton aims to further develop investment offerings and technology platforms that simplify access to digital assets for investors. Meanwhile, in Hong Kong, a lawmaker has urged the government to approve spot Bitcoin ETFs to solidify the city’s position as a global hub for virtual assets. These developments indicate the growing acceptance and interest in cryptocurrency investment products.
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