
Franklin Templeton Launches Benji Platform on Solana (SOL) Network to Extend FOBXX Markets
Franklin Templeton launches Benji app on Solana, expanding access to tokenized securities and boosting Solana’s institutional adoption.
Franklin Templeton launches Benji app on Solana, expanding access to tokenized securities and boosting Solana’s institutional adoption.
According to Franklin Templeton, favorable regulation will allow the US to reestablish itself as a global hub for crypto innovation.
The notable growth of the Web3 ecosystem on the Sui blockchain has bolstered the ongoing $SUI bull run, which is already in the price discovery phase.
While five of the eleven approved Bitcoin ETFs saw positive inflows running into the millions, the remaining products experienced mixed results.
Per Bitlayer, a major portion of the newly raised funds will go to speeding up the development of its Mainnet-V2.
A report from Kaiko Research said that ETH price would be sensitive to the spot Ether ETF inflows amid the poor demand for the Ethereum futures products late last year.
Analysts estimate that the demand for Ethereum ETFs could reach between $5 to $10 billion in the first few months of trading.
The supply of Ethereum (ETH) on crypto exchanges is gradually declining as the staked Ether increases, thus escalating the supply crisis.
With the launch of the spot Ethereum ETF trading approval in view, Ethereum price has started kicking off.
Although the intakes are currently happening at a much slower rate than before, these ETFs have still impressed so far.
As the regulatory process continues, market participants eagerly await the potential launch of Ethereum-linked financial products.
ETF analyst James Seyffart noted that while the 19b-4 filings have been approved, the funds still need to pass another scrutiny stage for the S-1 documents to be reviewed.
Soon after the 19b-4 approval by the US SEC, VanEck Investments swung into action by releasing a 37-second advertisement swaying viewers to “Enter the ether”.
Besides the rising activity on SociaFi, Franklin Templeton also attributed the rise in activity on Base to meme coins and an increase in the supply of Circle’s USDC stablecoin on the network.
Despite Grayscale GBTC holding the largest BTC reserves, the BlackRock Bitcoin ETF IBIT remains the top choice of institutions.