Franklin Templeton News

Investment firm Franklin Templeton is the latest asset manager to file a spot Ethereum exchange-traded fund (ETF) application with the Securities and Exchange Commission (SEC) in the United States.

Ethereum Exchange-Traded Fund (ETF), becoming the eighth player in the market seeking approval for a similar product, Reuters reported. This January, in a significant development for the cryptocurrency industry, the United States Securities and Exchange Commission (US SEC) approved 11 spot Bitcoin ETFs in January. This marked a watershed moment, fulfilling a decade-long demand for regulatory approval within the crypto space.

Franklin Templeton on Monday disclosed that it had officially filed for a spot ethereum exchange-traded fund, becoming the eighth player vying to introduce a similar product in the market. In January, the U.S. Securities and Exchange Commission (SEC) approved 11 spot bitcoin ETFs in a watershed moment for the crypto industry, which had been demanding regulatory approval for those products for more than a decade.

₹3.5 trillion to ₹13.5 trillion. This value does not include banks’ investment in NBFC securitisation transactions, non-convertible debentures (NCDs), commercial papers, co-lending arrangements, etc. Moreover, many banks reached their sectoral limits of lending to NBFCs.

Securities Appellate Tribunal (SAT) may have to hear afresh cases involving Sahara India, Bombay Dyeing and Franklin Templeton among several others, as two of its three members including the presiding officer retired before the final orders could be delivered. The two members retired last year, and the government has yet to appoint their replacements. Lawyers expect potential delays in the appellate body pronouncing its orders in these cases, which will have to be heard again when the new members come in.

artificial intelligence and becomes a beacon for the world amid a tough geopolitical scenario, a panel consisting of Bill Winters, chief executive officer, Standard Chartered Bank, Ravi Kumar S, CEO, Cognizant, Jenny Johnson, president and CEO, Franklin Templeton and Rizwan Sajan, founder and chairman of Danube Group said Friday. Speaking at a panel discussion on ‘Fissures, Faultlines and Future – In Search of an Equilibrium’, they observed that the next few decades were India’s to take the lead as the economic driver of the world.

Franklin Templeton's top boss Jenny Johnson can't wait for the India opportunity to unfold where she believes the mutual fund industry has tremendous scope for growth and credits her fund management company for spotting the country's vast potential 27 years ago when it became the first foreign fund manager to start operations. «Only 5% of the population has mutual funds. So, we are incredibly excited about how the future is going to be,» said Johnson, chief executive officer of the $1.4 trillion global investment management giant. Johnson, who has lived in India briefly during her long career with Franklin Templeton, said she had really seen the country grow over the past 27 years. «There was a saying India grows at night while the government sleeps. I would laugh at that because I always believed there is huge potential in the economy. 56% of the population is under 25. You have a British-oriented legal system,» she said. Citing how remarkably things have changed, she said the country, which earlier faced headwinds because the government was blamed for slowing things down, now has a tailwind.

I think things like GIFT City is a great way, it is clearly an initiative designed to bring money into India and those kind of incentives are incredibly effective, says Jenny Johnson, President & CEO, Franklin Templeton. Edited Excerpts

TDLR:

The renowned financial services firm Franklin Templeton remains optimistic about the future of its spot Bitcoin ETF despite not yet achieving significant trading volumes compared to industry giants like BlackRock, Fidelity, and Grayscale.

The growing trend of tokenizing traditional assets has caught the attention of legacy financial institutions.

The Solana price has dropped by 3% today, slipping to $98.76 as the cryptocurrency market as a whole suffers a 1% loss.

TORONTO — Bitcoin is trading around levels not seen in nearly two years after a U.S. regulator approved 11 exchange-traded funds linked to the cryptocurrency, prompting calls that it’s a new era for digital money, but also for caution among investors.

Franklin Templeton has stepped into the digital asset arena with the launch of its spot Bitcoin (BTC) exchange-traded fund (ETF).

Bitcoin's current dominance is 51.14 percent, reflecting a decrease of 0.15 percent within the day. The decline comes despite the coin touching $49,012 (up 5 percent) on January 11 after Bitcoin exchange-traded funds (ETFs) were approved by the US SEC and began trading.

The US-based crypto exchange Coinbase is facing increased competition and potential challenges to its market dominance following the approval of spot Bitcoin exchange-traded funds (ETFs) in the US.

Analysts are anticipating a substantial influx of $4 billion on the first day of trading for Spot Bitcoin ETFs in the U.S. The US Securities and Exchange Commission (SEC) finally granted official approval to 11 Spot Bitcoin ETFs in a historic decision.

ETFs reaches a fever pitch, a group of former Citigroup executives is starting to offer securities backed by the oldest cryptocurrency that they say don't need the blessing of US regulators. The new offering, called Bitcoin depositary receipts, will be similar to American depositary receipts that represent foreign stocks. The startup, called Receipts Depositary Corporation, or RDC, said it plans to issue the first Bitcoin depositary receipts to qualified global institutional investors in transactions exempt from registration under the Securities Act of 1933. Known as BTC DRs, the offering will give institutions access to Bitcoin securities through US regulated market infrastructure and cleared through the Depository Trust Co., said a company release. «We are really a conversion tool for asset owners today, whether they are hedge funds, family offices, corporations, large institutional investors, that want to take their Bitcoin and convert it into a DTC-eligible security and enjoy direct ownership in the US clearances,» Ankit Mehta, the co-founder and chief executive of RDC and a former executive at Citigroup, said in an interview. He and his co-founders Bryant Kim and Ishaan Narain worked for Citi's depositary-receipt team prior to starting RDC.

The long-awaited approval for a spot Bitcoin exchange-traded fund (ETF) may finally come this Wednesday.

As speculation about the upcoming approval or denial of spot bitcoin ETFs reaches a fever pitch, a group of former Citigroup Inc. executives is starting to offer securities backed by the oldest cryptocurrency that they say don’t need the blessing of U.S. regulators. 

As speculation about the upcoming approval or denial of spot-Bitcoin ETFs reaches a fever pitch, a group of former Citigroup Inc. executives is starting to offer securities backed by the oldest cryptocurrency that they say don’t need the blessing of US regulators.