Franklin Templeton, anticipates the rise in popularity of their spot Bitcoin ETF among financial advisors and investors. Even though Franklin Templeton's spot Bitcoin ETF product is not yet among the popular product groups such as BlackRock, Fidelity, and Grayscale, the company remains optimistic about the growth of their product.
Franklin Templeton Strategy Introduces Bitcoin ETF
Roger Bayston, Head of Digital Assets at Franklin Templeton, emphasized the importance of market education in introducing crypto assets as a complement to investment portfolios.
Franklin Templeton is targeting a position as the digital asset provider of choice amidst the investment community's increasing interest in spot Bitcoin ETF products.
Also read: What are the 11 Bitcoin ETFs that are approved by the SEC
Latest Trading Data and Trends
According to data posted by Eric Balchunas, Bloomberg Intelligence senior ETF analyst, as of Monday, January 23, 2024, the total trading volume for spot Bitcoin ETFs was recorded at above $14 billion.
Franklin Templeton has accounted for $101 million in trading volume, according to the data. The spot Bitcoin ETF started trading less than two weeks ago.
Also read:
Potential Impact of Bitcoin ETF Approval
Buy Bitcoin vs Spot Bitcoin ETF, Which is More Profitable?
Why Did Bitcoin Prices Drop After Bitcoin Spot ETF Was Approved?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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