CoinMarketCap: Read what our contributors have to say. This content is provided by the community. DYOR!
Franklin Takes Action as BTC Price Faces Volatility
Table of Contents
Market Musing-g

Franklin Takes Action as BTC Price Faces Volatility

COINTURK NEWS
By COINTURK NEWS
Created 17 days ago, last updated 17 days ago
2 mins read
Franklin Takes Action as BTC Price Faces Volatility
You can also read this news on COINTURK NEWS: Franklin Takes Action as BTC Price Faces Volatility

Franklin, a trillion-dollar asset manager, has made its latest move while the BTC price has been fluctuating for 24 hours. Recent statements from Fed Chair Powell and the current state of the economy have shaken risk markets. Additionally, Powell’s opposition to the BTC reserve concept complicates matters further.

BTC Decline and Crypto ETF

Today, Franklin filed for a new fund named the Crypto Index ETF with the SEC. This ETF offers simultaneous investment opportunities for BTC and ETH, allowing investors to allocate resources to both major cryptocurrencies. Bank of New York Mellon will serve as the fund’s cash custodian, while Coinbase Custody will provide custody services for the cryptocurrencies.
Despite being named a crypto index ETF, different cryptocurrencies cannot be added to the index without a rule change. Consequently, investors will solely be able to invest in BTC and ETH.

At the time of writing, BTC stands at $100,286. The partial submission of El Salvador to the IMF, recent Fed announcements, and Trump’s continued silence are contributing to this decline. Over the coming hours, it is crucial for newly elected President Trump to address cryptocurrencies positively to support a market recovery.

0 likes
|

Other articles published on Dec 19, 2024

Market Musing-g

Blockchain Gaming Shifts Gears: From Play-to-Earn to Ecosystem Integrations!

Play-to-earn (P2E) is slowly becoming a bygone shadow. Blockchain gaming has steadily matured into a more profound adoption across the entire ecosystem. All of this is now happening with the conver...
By TNYR
18 days ago
6 mins read
Market Musing-g

Whales Dump Cardano for DOGEN as the $0.0013 Token Attracts 20,000% ROI Potential by 2025

Large holders are shifting focus from Cardano to an emerging token with massive growth potential. The buzz surrounds DOGEN, a cryptocurrency that has sparked curiosity with projections of skyrocket...
By ETHNews
18 days ago
4 mins read
Market Musing-g

Experts Predict Bitcoin Recovery Following Fed’s Impact on Prices

Glassnode's founders predict Bitcoin recovery despite recent price declines. Key metrics indicate positive market signals for Bitcoin's future performance. Continue Reading:Experts Predict Bitcoin ...
By COINTURK NEWS
17 days ago
2 mins read
Market Musing-g

Fibonacci Analysis Indicates Potential 4x Rally for Avalanche (AVAX) Price After This Breakout

Technical analysis from crypto analyst Alex Clay suggests Avalanche (AVAX) could be on the verge of a price surge, based on a bullish chart pattern formation. On the two-week timeframe, AVAX has fo...
By CaptainAltcoin
17 days ago
4 mins read
Market Musing-g

Binance Coin traders are exploring Lightchain AI’s potential for big gains

Amid the bull market, Binance Coin holders are turning to Lightchain AI for its smart fusion of AI and blockchain, as well as its massive growth potential. #partnercontent
By crypto.news
18 days ago
7 mins read
Market Musing-g

El Salvador Revises Bitcoin Policies Under $1.4B IMF Deal, Making Merchant Use Voluntary

El Salvador adjusts Bitcoin policy, making it voluntary for businesses amid the IMF loan deal. The IMF loan deal prompts El Salvador to reduce Bitcoin involvement and focus on dollar taxes. Despite...
By Crypto News Land
17 days ago
4 mins read

Join the thousands already learning crypto!

Join our free newsletter for daily crypto updates!