“Sui Chung, CEO of CF Benchmarks, discussed his optimism for the approval of a spot Bitcoin exchange-traded fund by the U.S Securities and Exchange Commission. His opinion highlights the SEC’s desire for strict safeguards for information-sharing between ETF and crypto exchanges.”
Search Results for: CF Benchmarks
Bitcoin ETFs and the Big Players: Franklin Templeton’s Entry into the Cryptosphere
Investment giant Franklin Templeton has made a move into the Bitcoin exchange-traded fund (ETF) sector, filing an application with the US Securities and Exchange Commission. Termed “Franklin Bitcoin ETF,” the fund would primarily contain Bitcoin, securely stored by the custodian, Coinbase Custody Trust. This clears a path into the mainstream investment arena, despite similar ETF applications from other financial powerhouses remaining stuck in SEC review.
BlackRock’s Bitcoin ETF: A Turning Point for Crypto Adoption or Another SEC Rejection?
Cryptocurrency market shifted as hopes for a potential U.S. Bitcoin ETF by BlackRock emerged, with Coinbase acting as custodian. This could provide 80% of Americans a familiar and accessible option for Bitcoin exposure, highlighting the cryptocurrency’s ongoing appeal to major financial institutions.
Unusual Alliance: SEC and Binance United Against Eeon’s Intervention in Lawsuit
The SEC and Binance have united against an intervention by entity Eeon in an ongoing lawsuit, arguing that Eeon’s intervention doesn’t meet legal prerequisites. This unusual alliance adds a new dimension to the case and may influence future relationships between crypto businesses and regulators.