This fund is called an ETF, an “Exchange-Traded Fund.” What’s special about this ETF?
It would be the first one to include both Bitcoin and Ethereum, the two most popular cryptocurrencies, in one single fund. Let’s discover more about this important product from Franklin Templeton.
New ETF Would Combine Bitcoin and Ethereum in One Fund
If the SEC approves this ETF, it could open the door for more investors to get into cryptocurrency without having to buy Bitcoin or Ethereum directly. Instead, they could just buy shares of this ETF. Think of it like a basket of fruit: instead of having to buy a whole bunch of different fruits, you can just get a basket that has a little bit of each. In this case, the “fruit” is Bitcoin and Ethereum, and the ETF is the basket.
For those who don’t know, Bitcoin is often called “digital gold” because it’s seen as a store of value. Ethereum, on the other hand, is more like the fuel for the internet of the future. It powers lots of apps and platforms that are part of Web3, the next phase of the internet. By combining both Bitcoin and Ethereum, this ETF would give investors the best of both worlds.
NEW: Franklin Templeton submits a proposal for a #Bitcoin and Ethereum Index ETF to the US SEC
This ETF would be the first to combine $BTC and $ETH in a single fund, pending approval. pic.twitter.com/cqlKzDEdvP
— Cointelegraph (@Cointelegraph) October 3, 2024
So, what’s the big deal? Well, if Franklin Templeton’s proposal gets the green light from the SEC, it could make investing in crypto a lot more mainstream. Right now, many people think investing in Bitcoin or Ethereum is a little like walking a tightrope—risky and tough to balance. But an ETF can make it easier and safer for everyday investors to dip their toes into the world of crypto.
More About Franklin Templeton
Franklin Templeton has launched its Franklin OnChain U.S. Government Money Fund (FOBXX), represented by the BENJI token on the Aptos blockchain. This innovative fund has already surpassed $20 million in subscriptions, marking a significant milestone in institutional blockchain adoption.
Aptos Newsroom, Special Edition @FTI_DA has launched its Franklin OnChain U.S. Government Money Fund (FOBXX) represented by the BENJI token on Aptos!
FOBXX has surged past $20M in subscriptions, signaling a major breakthrough in institutional blockchain adoption. https://t.co/L7CgthT6a0 pic.twitter.com/pgLHfjZN4V
— Aptos (@Aptos) October 2, 2024
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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This articles is written by : Fady Askharoun Samy Askharoun
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