Franklin Templeton and SBI Plan Spot Bitcoin ETF Launch in Japan
Franklin Templeton and SBI Holdings are collaborating to launch a spot Bitcoin exchange-traded fund (ETF) in Japan.
According to a recent report by Nikkei, SBI and Franklin Templeton will establish a new digital asset management company to prepare for the introduction of cryptocurrency ETFs in Japan, focusing initially on Bitcoin ETFs.
SBI Holdings will hold a 51% stake in the new company, while Franklin Templeton, the seventh-largest asset manager globally, will own the remaining 49%. The initiative is set to proceed as soon as Japan’s Financial Services Agency grants approval.
SBI Holdings prepares to launch spot #Bitcoin ETF in Japan! – Nikkei ⚡️#SBI Holdings and #Franklin Templeton will launch their own company that will be in digital asset management
Franklin Templeton is an issuer of spot $BTC and $ETH ETFs. Manages $1.6 trillions in assets, is… pic.twitter.com/a0hqxVP7Zz
— ✈️ Crypto HODL
Read more on cryptonews.com
