Bitlayer Secures $11M in Series A Funding Led by Franklin Templeton and ABCDE

July 24, 2024 Bitcoin.com

ABCDE

Bitlayer Labs, the team behind a Bitcoin layer two (L2) solution utilizing the BitVM paradigm, has successfully raised $11 million in a Series A funding round led by Franklin Templeton and ABCDE. This investment elevates Bitlayer’s total funding to $16 million, bringing its valuation to $300 million. Institutional Investment Advances Bitlayer’s Bitcoin L2 Development Bitlayer […]

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Breaking: Spot Ethereum ETFs to begin US trading on July 23

July 22, 2024 Coin Telegraph

19-b4

The approved spot Ether ETF applicants included BlackRock, Fidelity and Grayscale, and are expected to bring billions of dollars into the ecosystem.

Spot Ether (ETH) exchange-traded funds have been given the final approval to begin trading in the United States on July 23.

On July 22, the United States Securities and Exchange Commission approved the final S-1 registration statements necessary for their launch on their respective stock exchanges, including the Nasdaq, New York Stock Exchange and Chicago Board Options Exchange.

The successful spot Ether ETF issuers include BlackRock, Fidelity, 21Shares, Bitwise, Franklin Templeton, VanEck and Invesco Galaxy.

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SEC has given ‘preliminary approval’ to at least 3 ETH ETF issuers: Report

July 16, 2024 Coin Telegraph

ARK 21Shares

BlackRock, Franklin Templeton, and VanEck have reportedly received preliminary approval from the US securities regulator, sources say.

The United States Securities and Exchange Commission has reportedly given “preliminary approval” to at least three asset managers for their spot Ether exchange-traded funds — adding fuel to speculation that the ETFs will begin trading as early as next Tuesday.

SEC approval is now only contingent on applicants submitting final offering documents to the regulator before the end of this week, “three industry sources” told Reuters in a July 15 report.

Those applicants included BlackRock, Franklin Templeton and VanEck, the sources said.

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US Spot Bitcoin ETFs Achieve Fourth Day of Consecutive Inflows

July 11, 2024 Bitcoin.com

Bitcoin

U.S. spot bitcoin exchange-traded funds (ETFs) marked their fourth consecutive day of inflows, capturing $147.37 million on Wednesday. Fidelity’s FBTC led by drawing in $57.79 million during the trading sessions. Bitcoin ETFs in U.S. Report $147.37M Inflows, Led by Fidelity’s FBTC Spot bitcoin ETFs in the U.S. garnered an additional $147.37 million yesterday, marking the […]

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US Spot Bitcoin ETFs Draw $11.8M Thursday, Bitwise’s BITB Led the Pack With $8M

June 28, 2024 Bitcoin.com

Bitcoin

U.S. spot bitcoin exchange-traded funds (ETFs) attracted $11.8 million on Thursday, marking the third consecutive day of inflows. Bitwise’s BITB fund topped the list, bringing in $8 million during the trading sessions. Demand for Bitcoin ETFs Continues Since Jan. 11, 2024, the 11 spot bitcoin ETFs have accumulated $14.45 billion in total net inflows, including […]

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Franklin Templeton Enables USDC Conversions on Benji Investments Platform

June 6, 2024 Bitcoin.com

Benji Investments

Franklin Templeton has announced that users of its Benji Investments platform can now convert USDC stablecoin to U.S. dollars to fund their investment in the Franklin Onchain U.S. Government Money Fund. This development allows institutional wallets to purchase shares represented by BENJI tokens. USDC Conversions Now Available for Franklin Templeton’s Onchain Fund on Benji Global […]

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Be persistent with the SEC, says Franklin Templeton digital asset head

June 1, 2024 Coin Telegraph

Blockchain

The SEC is safeguarding the economy, but Roger Bayston sees a change in tone at the regulator.

Financial innovators are playing the long game with the United States Securities and Exchange Commission (SEC), and it’s only fair, according to Franklin Templeton head of digital assets Roger Bayston.

“The SEC, like a lot of regulatory bodies, likes to rely on legal precedents. […] Those precedents are being set in courts of law oftentimes, so this is just the process we’re engaged in,” Bayston told Cointelegraph’s Turner Wright at the Consensus event.

Despite frequent expressions of cynicism about the SEC’s “open door” policy, Bayston saw the agency’s behavior as safeguarding the economy and not insurmountable:

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Franklin Templeton begins spot Ethereum ETF ‘fee war’

June 1, 2024 Coin Telegraph

Coin Telegraph

Franklin Templeton has started the spot Ethereum ETF "fee war" by being the first to announce its fees in an amended S-1 application, according to ETF analyst Eric Balchunas.

American multinational investment firm Franklin Templeton has filed aamended S-1 application for its proposed spot Ether (ETH) exchange-traded fund (ETF) product, and is the first among the applicants to disclose fees to investors.

“The fees of the Sponsor accrues daily at an annualized rate equal to 0.19% of the net asset value of the Fund,” Franklin Templeton stated in a filing with the United States Securities and Exchange Commission on May 31.

Bloomberg ETF analyst Eric Balchunas declared that "the opening shot in the ETH ETF fee war has been fired from Franklin" in an X post on the same day. He shut down questions if it might be "just for some initiation," claiming that it "looks permanent" as its the same fee as Franklin's spot Bitcoin ETF product.

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Franklin Templeton files updated S-1 form for its Ethereum ETF, discloses 0.19% fee

May 31, 2024 The Crypto Briefing

Crypto Briefing

Franklin Templeton sets a 0.19% management fee for its upcoming Ethereum ETF, as SEC reviews the updated S-1 form submissions.

The post Franklin Templeton files updated S-1 form for its Ethereum ETF, discloses 0.19% fee appeared first on Crypto Briefing.

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Spot Ether ETFs are now officially legal in the US: Law Decoded

May 27, 2024 Coin Telegraph

ARK 21Shares

Spot Ether ETFs might be weeks or months away from debuting on exchanges, as the ETF filers have yet to receive their S-1 SEC registration.

In a second landmark decision this year, the United States Securities and Exchange Commission has given the regulatory green light to spot Ether exchange-traded funds (ETFs) in the country.

The SEC approved the 19b-4 filings from VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy and Bitwise, approving the rule changes allowing spot Ether (ETH) ETFs to be listed and traded on their respective exchanges.

Unlike the spot Bitcoin (BTC) ETFs approved via voting by a five-member committee including SEC Chair Gary Gensler, spot Ether ETFs were approved by the SEC’s Trading and Markets Division.

Franklin Templeton

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