Franklin Templeton Launches $380M Government Fund, Tokenizes It on Polygon, Stellar
Franklin Templeton maintains a leading position in the tokenized US Treasuries sector with its 32% market share.
US online payments giant has announced collaboration with a venture company to help early-stage entrepreneurs solve major global issues.
Franklin Templeton maintains a leading position in the tokenized US Treasuries sector with its 32% market share.
The Aligned Layer team managed to raise crucial funds amid the ongoing mainstream adoption of Web3 projects to revolutionize the global financial landscape.
When the crypto community became aware of the situation, Chris O’Connor, the founder of the Cardano Ghost Fund DAO, criticized the Hedera Foundation for what he perceived as misleading the public.
In an attempt to reverse its fortunes, Grayscale revealed its plan to launch an innovative low-cost version of its GBTC fund named “Grayscale Bitcoin Mini Trust” with just 0.15% fees.
Despite recent outflows from Bitcoin ETFs, analyst Eric Balchunas says it’s only 1% of total inflows and calls it “minuscule” in the bigger picture.
The recent sight of ETF outflow aligns with Bitcoin’s downward trajectory. The cryptocurrency lost 13% of its worth over the past week.
Spot Bitcoin exchange-traded funds have seen steady trading volumes in April after reaching a peak in early March, maintaining solid activity around $215 billion.
GBTC, the largest Bitcoin trust globally, continues to face outflows, with $110.1 million exiting the fund on April 15, a decrease from $166.2 million on April 14.
During the last week, the nine Bitcoin ETFs saw their lowest weekly inflows at $572 million while GBTC alone registered $767 million in outflows making the net flows negative.
BlackRock has started heavy advertising for its IBIT Bitcoin ETF on Bloomberg’s home page to leverage its position in the current market momentum.