BlackRock, the world's largest asset management company, started the ETF trend by applying for a spot Bitcoin ETF in June.
After BlackRock, many financial giants such as Fidelity also applied for spot Bitcoin ETF, and most recently, Franklin Templeton also applied for ETF.
According to the post of Bloomberg analyst Eric Balhunas, Franklin Templeton Investments, which has $1.5 trillion under management, has applied for a spot Bitcoin ETF.
JUST IN: Franklin has filed for a spot bitcoin ETF h/t @NateGeraci pic.twitter.com/4KHSPjFkBC
— Eric Balchunas (@EricBalchunas) September 12, 2023
While the Spot Bitcoin ETF application frenzy continues, all eyes are on positive news from the SEC.
While the ETF craze launched by BlackRock in June caused a nice rally in BTC and altcoins, the market is waiting for an approval from the SEC, which has not approved the spot Bitcoin ETF application to date.
Franklin Templeton company is not a company far from cryptocurrencies. Because the company applied to the SEC in 2019 to tokenize its shares on the Stellar (XLM) network.
*This is not investment advice.
