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Franklin Templeton seeks SEC approval for its new Cryptocurrency Index ETF
PANews reported on February 7 that Franklin Templeton Investments stated on Thursday, according to Reuters, that the company is seeking regulatory approval to launch a new Cryptocurrency index ETF, as the asset management company hopes to profit from the Cryptocurrency craze after Trump wins the US presidential election. Franklin Templeton stated in the documents submitted to the regulatory agency on Thursday: ‘The Fund may not currently hold any digital assets other than Bitcoin and Ethereum. It is uncertain whether any digital assets other than Bitcoin and Ethereum will be added to the underlying index in the future.’ This provides Franklin Templeton with the flexibility to modify its ETF after obtaining SEC approval for other Cryptocurrencies.