Franklin

Jerome Powell

Chair

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/franklin-launches-new-crypto-etf-amid-market-fluctuations" data-wpel-link="internal" rel="noopener noreferrer nofollow">Franklin Launches New Crypto ETF Amid Market Fluctuations</a><br></p>
<p style="text-align: justify">Franklin, a major player in asset management, has taken steps to navigate recent turbulence in the <a href="https://en.bitcoinhaber.net/mt-goxs-move-shakes-crypto-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> market, which has seen significant price swings over the past day. The volatility has been intensified by remarks from Federal Reserve Chair Jerome Powell and ongoing economic uncertainties, which have left risk markets unsettled.</p>
<h2 style="text-align: justify" id="what-is-the-new-crypto-index-etf">What is the New Crypto Index ETF?</h2>
<p style="text-align: justify">Franklin has officially submitted a proposal for the Crypto Index ETF to the SEC. This new fund allows simultaneous investments in Bitcoin and Ethereum, offering a dual exposure to these two leading cryptocurrencies. The Bank of New York Mellon will act as the cash custodian for the fund, while Coinbase Custody will handle the digital assets.</p>
<h2 style="text-align: justify" id="why-only-btc-and-eth-for-investment">Why Only BTC and ETH for Investment?</h2>
<p style="text-align: justify">While the fund is categorized as a crypto index ETF, it is important to note that without regulatory changes, investors are limited to Bitcoin and Ethereum. This means that no additional digital currencies can be included in the ETF’s offerings.</p>
<p style="text-align: justify">Currently, Bitcoin is trading at $100,286, influenced by several factors including El Salvador’s partial compliance with the IMF and statements from the Federal Reserve. The crypto market’s recovery may hinge on the forthcoming comments from President Trump, particularly regarding his stance on digital currencies.</p>
<ul>
 <li>Franklin’s new ETF offers Bitcoin and Ethereum investments.</li>
 <li>Bank of New York Mellon and Coinbase manage cash and custody services, respectively.</li>
 <li>Regulatory changes are needed for expanded cryptocurrency investments.</li>
 <li>Current market conditions are influenced by economic factors and political statements.</li>
</ul>
<p style="text-align: justify">The actions taken by Franklin reflect a strategic adaptation to market conditions, focusing on the two largest cryptocurrencies while navigating regulatory landscapes and economic signals. Whether these moves will stabilize or further complicate the market remains to be seen.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/franklin-launches-new-crypto-etf-amid-market-fluctuations" data-wpel-link="internal" rel="noopener noreferrer nofollow">Franklin Launches New Crypto ETF Amid Market Fluctuations</a></h5>

Franklin Launches New Crypto ETF Amid Market Fluctuations

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