Share this article
Franklin Templeton Joins Spot Bitcoin ETF Race
The financial services heavyweight joins its brethren BlackRock, Fidelity and others in vying for a spot bitcoin ETF.
Updated Sep 12, 2023, 4:44 p.m. Published Sep 12, 2023, 2:03 p.m.
Franklin Templeton filed for a spot bitcoin exchange-traded fund (ETF) Tuesday, becoming the latest traditional asset management firm to join the crowded race.
In a filing with the U.S. Securities and Exchange Commission, Franklin Templeton proposed a Coinbase-custodied ETF that would trade on Cboe BZX Exchange, Inc. It has not yet proposed a ticker for the product.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Franklin Templeton follows BlackRock and other financial heavyweights who have bet that the SEC may soon allow – or perhaps even be forced by the courts to allow – a spot bitcoin ETF to hit the public markets. Such a product would give everyday investors an easy means to gain exposure to the price of bitcoin in their brokerage accounts, alongside stocks and bonds.
The San Mateo-based company is already a top name for structured investments products like mutual funds and ETFs, and so its interest in a bitcoin ETF should come as no surprise. But it has never previously filed for one, making this entrance all the more notable.
Even so, Franklin Templeton has come around to digital assets and even toyed with novel funds that blend blockchain technology with a tokenized treasury bond.
While industry analysts are increasingly warming to the notion that a bitcoin ETF could come to the U.S. market, Franklin Templeton's is unlikely to come first. BlackRock, WisdomTree, Fidelity and other prospective issuers are all farther along in the SEC's bureaucratic procedure.
The regulator is next slated to weigh in on those filings in mid-October. But if its past history of bureaucratic delay is any indication, there may not be a final decision until March 2024.
UPDATE (Sept. 12, 2023, 15:57 UTC): Adds context on bitcoin ETF race.
Plus pour vous
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
Ce qu'il:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
Higit pang Para sa Iyo
Coinbase agrees to buy The Clearing Company to deepen prediction markets push
The deal brings a team with specialized experience building event-based trading systems, including veterans from Polymarket and Kalshi.
Ano ang dapat malaman:
- Coinbase is acquiring The Clearing Company, a startup with experience in prediction markets, to help grow its newly introduced platform.
- The deal brings in a team with specialized experience building event-based trading systems, including veterans from Polymarket and Kalshi.
- The acquisition is part of Coinbase's plan to become an "Everything Exchange", offering a wide range of trading options, including novel cryptocurrencies, perpetual futures contracts, stocks, and prediction markets.
Top Stories
