Franklin

Bitcoin ETF

Bitcoin

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
After their groundbreaking success in the U.S., Bitcoin exchange-traded funds now seem to be <a href="https://asia.nikkei.com/Spotlight/Cryptocurrencies/Franklin-Templeton-and-SBI-team-up-to-bring-bitcoin-ETFs-to-Japan">on track</a> to be launched in Japan. According to a recent report by Nikkei Asia, Japanese financial giant SBI recently joined forces with&nbsp; American multinational holding company Franklin Templeton in order to bring such products to the world's third-biggest economy.&nbsp;
SBI and Franklin Templeton have partnered to jointly create a cryptocurrency management company. This company will be able to launch a Bitcoin ETF in Japan as soon as there is regulatory approval.
Bitcoin ETFs are already available in such countries as Canada, Brazil, and, of course, the U.S. However, Japanese financial regulators have yet to greenlight such products.&nbsp;
 &nbsp;
Earlier this year, Franklin Templeton became one of the first firms to offer a Bitcoin ETF in the U.S. Recently, it also launched its own Ethereum ETF on the Chicago Board Options Exchange (CBOE) exchange.&nbsp;
The U.S.-based investment firm does not plan to stop there. Recently, it also started exploring the possibility of launching&nbsp;<a href="https://x.com/FTI_DA/status/1815830495403626816">a Solana-based ETF</a>.&nbsp;
<h2 id="bitcoin-etfs-see-more-inflows">Bitcoin ETFs see more inflows&nbsp;</h2>
In the meantime, US-based Bitcoin ETFs expanded their inflow streak.&nbsp;
On Thursday, BlackRock's IBIT attracted $70.7 million worth of inflows. This was more than enough to offset GBTC's outflows that came close to $40 million.&nbsp;

Japanese Financial Giant Preparing for Approval of Bitcoin ETFs

Innehållsförteckning

U_Today

Andra artiklar publicerade 26 juli 2024

WazirX India Suspends Withdrawals After $234.9M Theft Reported

Sen Marshall Withdraws Support for Sen Warren’s Controversial DAAMLA Act

BlackRock Expects Limited Interest in ETFs Outside BTC and ETH

Hamilton Lane With $900B AUM Unveils SCOPE Fund on Solana

Coinbase Demands SEC Release Gary Gensler’s Private Emails in New Court Motion

Polkadot Integrates Move Smart Contracts for Enhanced Flexibility

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!