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Franklin Templeton Launches Revolutionary New ETF That Tracks the Exact Same Crypto Assets Everyone Else Is Already Investing In

AltcoinsCrypto NewsDeFi 1 Doug Martinez August 19, 2024

An illustration of a person standing in front of a large screen displaying a graph with two lines representing Bitcoin and Ethereum prices, while other cryptocurrencies are shown on shelves behind them, locked away from view by chains and padlocks, suggesting they may be included in the future but not yet available for investment. The person is holding a key that unlocks one of the locks, symbolizing access to new assets as regulations evolve

The latest attempt by mainstream finance to get in on the crypto gravy train: a new index ETF from Franklin Templeton that will track the performance of Bitcoin and Ethereum because those are the only two cryptocurrencies approved for inclusion… so far. Because what’s more efficient than tracking the same old assets everyone else is already investing in? I mean, who needs diversification when you can just copycat.

Source: cointelegraph

Franklin Templeton files S-1 for new crypto index ETF
https://cointelegraph.com/news/franklin-templeton-files-s-1-new-crypto-index-etf
Asset manager Franklin Templeton is seeking to launch a new exchange-traded fund (ETF) designed to as a one-stop-shop crypto portfolio, according to an Aug. 16 filing.  The Franklin Crypto Index ETF will track the performance of the CF Institutional Digital Asset Index, which currently only comprises Bitcoin (BTC) and Ethereum, the filing said. “The Fund will seek to achieve its investment objective by investing in the Digital Assets in approximately […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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