#BTC☀ #ETH🔥🔥🔥🔥

🔥Franklin Templeton's shocking proposal: Bitcoin and Ethereum ETF merger is coming!

On October 4, 2024, Franklin Templeton, a large company that manages trillions of dollars in assets, submitted a bold idea to the U.S. Securities and Exchange Commission (SEC) - to establish an index exchange-traded fund (ETF) that includes Bitcoin and Ethereum.

If this idea is approved, investors can invest in Bitcoin (BTC) and Ethereum (ETH) at the same time through a fund, which will make it easier for everyone to obtain these two digital assets.

In addition to Bitcoin and Ethereum, this ETF plan will also put some short-term securities as cash equivalents, so that even if you don't buy cryptocurrencies directly, you can participate in it.

But it's strange that the funds of Bitcoin ETF are now flowing out, while Ethereum ETF is attracting inflows.

So what impact will this ETF have on the cryptocurrency market? This is the first fund to put Bitcoin and Ethereum in an index product!

It is mainly intended to make it easier for institutional and individual investors to invest. As long as they calculate by market value, they can easily buy the two largest cryptocurrencies.

Also, this ETF has 50,000 shares per group, priced according to the net asset value of Bitcoin and Ethereum. These digital assets will not be used for pledge or other money-making activities, and the investment method is relatively simple.

The fund is managed by CSC Delaware Trust Company, which is the trustee; Bank of New York Mellon is responsible for cash and cash equivalents, and is also the fund's manager and transfer agent.

But then again, whether this fund can be approved depends on how the SEC evaluates it, especially they have to ensure that there are strong measures to prevent fraud and market manipulation.

In addition, Hashdex, a crypto asset management company, is also working on a similar ETF. They have also submitted an application directly to the SEC to launch an ETF that directly holds spot Bitcoin and Ethereum. This ETF is also expected to become a big news in the US market.

#加密市场急跌 #伊朗导弹袭击以色列 #非农就业数据即将公布

The target that Brother Yong has been researching for a long time will be launched soon. Believers will be blessed. Like, follow and comment so that I can see you!