Franklin Templeton and SBI Partner for Bitcoin ETF Venture
Japan’s major financial player, SBI Holdings, announced on Thursday its plans to collaborate with U.S. investment firm Franklin Templeton to create a new investment management company, targeting the Bitcoin ETF sector.
This strategic move highlights SBI’s ongoing efforts to expand its footprint in the cryptocurrency space.
SBI Holdings and Franklin Templeton will co-establish the new investment firm, which will focus primarily on digital assets.
The joint venture will see SBI hold a 51% majority stake, with Franklin Templeton owning the remaining 49%. The company is expected to launch later this year.
READ MORE:
Mt. Gox Didn’t Cause Bitcoin to Dip – Here is What DidThis development follows a surge in interest in spot Bitcoin ETFs in the U.S., spurred by recent approvals from the SEC.
The U.S. also approved spot Ethereum ETFs earlier this week, signaling a potential shift in the regulatory landscape. Japan is also preparing for Bitcoin ETF investments, anticipating changes in local regulations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tether Blacklist Lag Lets Hackers Steal $78M in USDT: Report
Senators Amend GENIUS Act Before Final Vote, What’s New?
Ripple vs. SEC: Expert Predicts Next Move in XRP Case
Ripple and WËIA Launch Blockchain Aid for Colombian Farmers
Built on the XRP Ledger, it helps trace agricultural goods — like panela, Colombia’s beloved unrefined cane sugar — from seed to harvest.
Trending news
MoreCrypto prices
More
