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  • Xapo Bank partners with Hilbert Group to launch $200m Bitcoin hedge fund

    Xapo Bank partners with Hilbert Group to launch $200m Bitcoin hedge fund

    • Xapo Bank and Hilbert Group will launch a Bitcoin-denominated hedge fund.
    • The BTC fund will receive an initial investment of $200 million from Xapo and other investors.

    Xapo Bank is teaming up with Hilbert Group to launch a Bitcoin (BTC)-denominated hedge fund, according to a press release on Aug. 27.

    In the announcement, Hilbert Group said the strategic partnership will involve its asset management arm Hilbert Capital and see an initial investment of over $200 million from Xapo as well as other investors.

    “Over the last 12 months, we have developed a close and strategic partnership with Xapo Bank, a veteran in the Bitcoin space and a tier-one financial institution in the digital asset space,” Niclas Sandström, CEO of Hilbert Group, said.

    He added, “Given the investment opportunity and the quality and experience of the team, we anticipate that the Fund will grow meaningfully over the next year.

    Fund to offer exposure to Bitcoin

    The newly-established BTC-denominated hedge fund will launch in September, Hilbert Group revealed in the press release. Corporates, businesses and professional investors will leverage the new fund to generate returns in bitcoin. The fund will offer institutional-grade credit arrangements that investors don’t get through direct market participation.

    Notably, the BTC-denominated fund will have fees lower than the 2% and 20% Hilbert’s other hedge funds charge.

    “We believe that offering the right products for participants in the space who are aiming not only for exposure to the Bitcoin price, but also structured ways to grow the Bitcoin value of those investments is a natural evolution of the asset class,” Joey Garcia, director of Xapo Bank commented.

    Hilbert, founded in 2018, primarily focuses on asset management of algorithmic trading strategies.

    The company also invests in blockchain and crypto related projects. Investments in the space include crypto data platform Coin360, blockchain-based self-service SaaS tool CapChap and HAYVN, a digital assets trading and custody platform.

    Meanwhile, Xapo is the first Bitcoin-enabled bank that integrates fiat with crypto. It recently announced its entry into the UK.

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  • Cantor Fitzgerald to launch $2 billion Bitcoin financing business

    Cantor Fitzgerald to launch $2 billion Bitcoin financing business

    • Cantor Fitzgerald is looking to launch a Bitcoin financing business with an initial capital of $2 billion.
    • The financing services giant’s CEO announced the plans at Bitcoin 2024.
    • Cantor Fitzgerald will partner with top Bitcoin custody pltforms to offer leverage to investors that hold BTC.

    Cantor Fitzgerald, a New York-based global financial services company, will invest an initial $2 billion in a new Bitcoin financing business, the firm’s CEO Howard Lutnick announced at Bitcoin 2024.

    The company confirmed the plans via a press release.

    Cantor Fitzgerald eyes BTC financing business

    According to the Cantor Fitzgerald CEO and per details in the news release, the new business venture will offer leverage to investors holding Bitcoin. The firm will invest more into the financing platform after the initial $2 billion splash.

    “We are excited to help unlock Bitcoin’s full potential and continue bridging the gap between traditional finance and digital assets,” Lutnick said in a statement.

    In his comments at Bitcoin 2024, Cantor Fitzgerald exec said his firm was bringing the flagship digital asset to the global financial markets. The company is ready to work with leading custodians in the market, he added.

    Lutnick also revealed that Cantor Fitzgerald owns Bitcoin and that he personally also holds the benchmark crypto asset.

    “My view is Bitcoin, like gold, should be free to trade everywhere in the world and as the largest wholesaler in the world we are going to do everything in our power to make it so,” he said at Bitcoin 2024.

    Cantor Fitzgerald launched in 1945 and has grown into one of the world’s leading financial services providers.

    The company offers access to services such as investment banking, equity research, capital markets, asset management and prime brokerage among others.

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  • Morpho becomes first L2 protocol to launch on Base

    Morpho becomes first L2 protocol to launch on Base

    Morpho becomes first L2 protocol to launch on Base
    • Morpho is the first Layer 2 protocol to launch on Coinbase’s Base.
    • Morpho has introduced MetaMorpho Vaults and Morpho Markets on Base, boosting yield and borrowing options.
    • Morpho’s CEO, Paul Frambot, has shifted his stance on Base deployment seeing it as pivotal for Morpho’s growth in DeFi.

    Morpho, a decentralized finance (DeFi) lending and borrowing protocol initially established on Ethereum, has achieved a significant milestone by becoming the first layer-2 (L2) protocol to launch on Base, a scaling network for Ethereum introduced by Coinbase in 2023.

    This expansion marks a pivotal moment for Morpho as it seeks to capitalize on the growing DeFi ecosystem and enhance its service offerings. The move is set to transform Morpho’s trajectory and potentially position it as a leading protocol on Base.

    Morpho to tap into Base’ DeFi ecosystem with this expansion

    Morpho’s transition to Base is a strategic decision aimed at tapping into a burgeoning DeFi ecosystem.

    Despite CEO Paul Frambot’s initial reluctance to expand onto a second chain, he has acknowledged that circumstances have evolved, necessitating this new deployment.

    This shift underscores the dynamic nature of the DeFi landscape and Morpho’s adaptive strategy to stay ahead in a competitive market.

    The introduction of Morpho on Base brings with it several innovative features designed to enhance user experience and optimize capital utilization.

    One of the key features is MetaMorpho Vaults, which offers optimized yields through passive lending. Users can earn returns by depositing assets into these vaults, providing a robust mechanism for yield generation.

    Additionally, Morpho Markets allows users to borrow against their deposits, with markets such as the cbETH/USDC enabling users to borrow the USDC stablecoin using cbETH as collateral. These features are poised to attract a new wave of users to the platform, further bolstering its growth.

    Morpho’s platform on Base could outpace its Ethereum version

    The potential for Morpho’s platform on Base to outpace its Ethereum version within the next year is significant.

    The broader adoption of Base across the market is anticipated to drive user onboarding, which is crucial for Morpho’s expansion and success.

    At the moment, DeFiLlama data shows that Morpho has a total value locked (TVL) of $1.833 billion. This is a substantial increase from approximately $597.76 million at the beginning of the year.

    This impressive growth trajectory highlights Morpho’s robust performance and the increasing confidence of users in its protocol.

    Morpho’s launch on Base not only signifies Morpho’s commitment to growth but also highlights the evolving nature of the DeFi space. As Base continues to see greater adoption, the synergy between these platforms could lead to unprecedented growth and innovation in the DeFi sector.

    Morpho’s strategic expansion and the introduction of user-centric features position it well to harness the potential of the Base network, setting the stage for a new era in decentralized finance.

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  • Notcoin price soars after beating Bitcoin in vote post NOT Airdrop launch

    Notcoin price soars after beating Bitcoin in vote post NOT Airdrop launch

    Notcoin price soars after beating Bitcoin in vote post NOT Airdrop launch
    • Notcoin price surges 33.42%, reaching $0.006884 after community votes favor it over Bitcoin.
    • New NOT airdrop and earning missions boost user engagement and investment interest.
    • Notcoin (NOT) is currently on its way back to its Binance listing price

    Notcoin (NOT) price has seen a remarkable surge in its price, climbing by over 33.42% in the past 24 hours to reach $0.006884.

    This surge has catapulted Notcoin’s market cap to over $707 million, reflecting a 33.38% increase and placing it at number 114 in cryptocurrency market cap ranking.

    The NOT price spike follows a favorable community vote where Notcoin was overwhelmingly preferred over Bitcoin, capturing 86.2% of the 29,711 votes cast in a recent social media poll.

    Comparing Notcoin and Bitcoin

    Notcoin’s development team has been making strategic marketing moves by the team behind the project. The team has drawn comparisons with Bitcoin, highlighting Notcoin’s limited supply, wide distribution, and relative affordability.

    They pointed out that the last time Bitcoin had a market cap of around $0.5 billion in 2013, its price was approximately $100. This historical perspective aims to underscore Notcoin’s growth potential.

    The NOT Airdrop

    Adding to the excitement, Notcoin announced the launch of NOT Airdrop Phase 1 on May 26, 2024. Users can connect their wallets to check their airdrop allocation, adding another layer of engagement and incentive for the community.

    This announcement has likely fueled the recent trading frenzy, with 24-hour trading volume soaring by 217.43% to $544.8 million, positioning Notcoin at number 20 in trading volume.

    Notcoin’s passive earning feature

    Notcoin has also introduced “earning missions,” a new feature that allows users to earn NOT tokens passively by engaging with various partner projects and communities.

    Under this feature, users can increase their rewards by staking NOT, with higher levels like Platinum offering the most substantial returns.

    In closing, Notcoin team’s comparison to Bitcoin, coupled with active community engagement through polls, airdrops, and innovative earning mechanisms, has created a perfect storm of interest and investment.

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  • Wirex Token (WXT) surges on partnerships and integrations ahead of WPAY launch

    Wirex Token (WXT) surges on partnerships and integrations ahead of WPAY launch

    • In the past month, WXT token has surged by more than 55%.
    • At press time, Wirex Token (WXT) was trading at $0.008041.
    • Investors are looking forward to the WPAY official launch; Wirex opened early access to WPay in January.

    Wirex Token (WXT) has experienced a significant surge in value fueled by strategic partnerships, integrations, and anticipation surrounding the imminent launch of WPAY, Wirex’s decentralized payment network.

    With a focus on empowering users through self-custody and seamless crypto transactions, Wirex has positioned itself at the forefront of the evolving digital finance landscape.

    Wirex expanding utility and reach

    Wirex Token (WXT) has emerged as a unique multi-blockchain cryptocurrency, powering Wirex’s X-tras rewards program and seamlessly integrating with the new wave of decentralized finance (DeFi) ecosystems.

    Built on both the Stellar Network and Ethereum blockchain, WXT offers maximum speed, efficiency, and flexibility for users seeking direct control over their assets.

    Wirex customers are rewarded with WXT for their loyalty, earning up to 4% back on purchases made using Wirex cards and up to 12% annually on their WXT account balances through the Savings Bonus feature. This incentive structure not only encourages engagement with the Wirex platform but also fosters participation in the growing DeFi landscape.

    Anticipation builds with WPAY launch imminent

    Wirex opened early access to WPay in January this year, and the Wirex Token price has surged by more than 70% since then.

    With the official launch of the WPAY imminent, the excitement is pulpable among early investors and WXT holders.

    In a nutshell, WPAY promises to revolutionize the way users interact with cryptocurrencies by offering a decentralized payment network that empowers individuals with self-custody and direct control over their assets.

    Utilizing Polygon CDK’s cutting-edge technology and Gateway FM’s IP providing service, WPAY aims to provide a seamless and secure payment experience, accepted by over 50 million merchants in more than 200 countries. With security being a top priority, every transaction made through WPAY is ensured to be smooth and safe, instilling confidence in users as they embrace the future of finance.

    Besides the much anticipated WPAY official launch, another factor behind the WXT price surge is the tapping of ZeroFox by Wirex to tackle dark web and money mule accounts. Also, last month, Wirex adopted cutting-edge policy management solution from Corlytics for growth.

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  • Bitcoin (BTC) could resume rally as Rebel Satoshi ($RBLZ) attracts investors willing to buy at launch

    Bitcoin (BTC) could resume rally as Rebel Satoshi ($RBLZ) attracts investors willing to buy at launch

    • Bitcoin could soon regain its recent all-time high amid an upcoming halving event, huge ETF capital inflow, and favourable macroeconomics.
    • Newly released Rebel Satoshi presents a strong case for being the next viral meme coin.

    Bitcoin is proving many doubters wrong on how it may be the best crypto investment. After a round of profit-taking following the all-time high it set earlier this week, BTC could be set to regain that level again in the near term. However, it’s not the only project receiving attention.

    The new rebellious meme coin, Rebel Satoshi ($RBLZ), is beginning to attract investors after an eagerly awaited official launch. Learn more later about the project and how to get involved. Let’s first begin the news by looking at Bitcoin’s rise.

    Bitcoin surpasses $69,000; sets new all-time high

    Bitcoin has shown no let-up in its recent surge, which began in September 2023. The monthly low for BTC back in September was $24,923.10, but this has now shot up by 177% to a new all-time high of $69,063.10. 

    The rally in BTC happened sooner than expected for many analysts in 2024. Analysts note Bitcoin’s halving next month as a major catalyst. However, it’s surprising that BTC has never surged so much before any of the three previous quadrennial halvings. Historically, Bitcoin tends to dip following this event, which is what many experts anticipate. Nonetheless, it’s a considerable factor in the bullish sentiment.

    Another contributing factor is the billions of dollars continually pumped into Bitcoin exchange-traded funds, a sign of much-needed institutional interest. 

    Finally, macroeconomics also favours BTC, with speculation of an interest rate cut for the US dollar. This often prompts investors to seek higher-yielding assets like BTC and other top crypto coins.

    Many forecasts now suggest Bitcoin can reach a yearly peak of $75,000. Yet, there is a chance for a decline based on what happens after halving events.

    Rebel Satoshi offers exciting developments following its recent launch

    Rebel Satoshi is a new meme coin that witnessed an eagerly awaited launch a few days ago. This comes after a fast-selling presale where investors committed over $2.5 million to the project’s revolutionary goals of defying the financial status quo. Rebel Satoshi hopes to fuel a new decentralized era in the current monetary system while maintaining rebel-themed meme culture.

    Rebel Satoshi’s ultimate goal is to hit a market cap of $100 million. Yet, several key developments precede this objective. Users can anticipate an expansion of the meme coin’s ecosystem this month. These additions include the Rebel Satoshi Arcade, a game collection that combines entertainment and empowerment. Moreover, fellow rebels will dress themselves in rebellion with merchandise.

    The core ecosystem remains intact, facilitated by ownership of the $RBLZ token. Holders are set to begin trading 9,999 unique collectibles and digital art characters in the Rebel NFT Vault. The developers plan to release part of this collection this month.

    Following this marketplace of soon-to-be trending NFTs is the Revolutionary Staking Hub, where members can earn extra $RBLZ tokens from staking. This represents another income source for the community.

    Rebel Satoshi has just listed $RBLZ on the Coinstore and Uniswap trading platforms for $0.025, with more integrations planned for 2024. The present-day value for $RBLZ is 150% higher than its initial price of $0.010 in the presale’s first round. Some analysts predict that this coin might become the next viral meme, attracting a growing number of investors.

    For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.

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  • Can Bitcoin (BTC) sustain its rally? Investors bet big on Rebel Satoshi (RBLZ) DEX launch

    Can Bitcoin (BTC) sustain its rally? Investors bet big on Rebel Satoshi (RBLZ) DEX launch

    • Analysts predict that Bitcoin (BTC) will continue trading above $50,000. 
    • Rebel Satoshi ($RBLZ) to launch on DEXes after concluding its presale.
    • Investors are optimistic of $RBLZ performance after listing.

    Even as the best altcoins continue to suffer, the Bitcoin (BTC) price has rallied past $51k. Meanwhile, Rebel Satoshi ($RBLZ) has risen continually during its presale as investors anticipate further gains upon its upcoming DEX launch. Let’s understand whether BTC can sustain its rally and why experts consider $RBLZ the best crypto to buy right now. 

    Bitcoin soars past $51K as ETFs AUM surpass $10B

    The rally in the Bitcoin (BTC) price after the approval of Spot ETF was short-lived. After that, the Bitcoin (BTC) price and the entire market had been caught up in volatility. By January 23, the Bitcoin (BTC) price fell to a low of $38,740. However, as the market recovered, the Bitcoin (BTC) price has also risen. 

    On February 15, the Bitcoin (BTC) price was up by 35.1% to trade at $52,345. This surge in the Bitcoin (BTC) price was powered by the growth in the Spot ETFs. As of January 12, the ETFs had accumulated over $10 billion in Assets Under Management (AUM). This rally in the Bitcoin price has occurred despite Grayscale transferring 2,044 BTC to Coinbase Prime. 

    As the fears of a sell-off by Grayscale have failed to stop the Bitcoin (BTC) price from rising, experts are bullish. They predict that the Bitcoin (BTC) price will continue to trade above $50,000 in the coming weeks. 

    Investors foresee gains as the $RBLZ DEX launch approaches

    The innovative meme coin project, Rebel Satoshi, is designed on the principles of Guy Fawkes and Satoshi Nakamoto. Rebel Satoshi aims to bring forth a revolution in the market and usher in true decentralization. The Rebel Satoshi rebellion is led by its Recusant community members. 

    The Rebel Satoshi project revolves around its governance and membership token, $RBLZ, adhering to the ERC-20 standard. Rebel Satoshi has made the $RBLZ contract public, which has been audited by SourceHat. Rebel Satoshi is targeting a $100 million market cap for the $RBLZ token and has fixed its total supply at 250 million. 

    Rebel Satoshi has been conducting the presale of the $RBLZ token in multiple rounds. Right now, the last round, the Recusants Round 5, is underway at $0.024 per $RBLZ. Once the presale ends, the $RBLZ token will rise to $0.025 per token. At this price, Rebel Satoshi will list the $RBLZ token on DEXs sometime after February 29, which is when the presale will end. 

    Moreover, Rebel Satoshi is in the advanced stages of getting the $RBLZ token listed on tier-1 CEX as well. The DEX and CEX listing would result in the $RBLZ token experiencing a massive rally. As a result, the $RBLZ token is considered one of the best altcoins to buy right now. 

    For the latest updates and more information, visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.

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  • Memeinator (MMTR) hits $200k in presale hours after launch

    Memeinator (MMTR) hits $200k in presale hours after launch

    • The Memeinator (MMTR) has stormed past $200k a day after presale launch as sub-par memes scramble.
    • Targeting meme coin dominance, the Memeinator seeks to leverage blockchain and AI to seek and destroy all the weak meme coins.
    • MMTR will be available on cryptocurrency exchanges and trading platforms at the end of the presale.

    As the broader crypto market slowdown seen over the past few weeks continues to impact altcoins, on-chain data has shown one notable feature of memecoins – a significant drop in trader interest.

    Although Dogecoin, Shiba Inu and Pepe account for the most discussion rates, it appears investor attention is shifting to new projects in this space – and few look primed for the show as is the Memeinator (MMTR).

    $200k presale milestone marks start of Meme “Terminator” reign

    Less than a day after its presale went live, the Memeinator has raised over $237,000 from global investors.

    The first stage, which had the native MMTR token priced at $0.01, quickly sold out as meme coin hunters allocated over $200,000 to the project. MMTR’s price is now up to $0.011 in stage two of the presale, and with interest skyrocketing, could be jumping to $0.012 within no time.

    In terms of tokenomics, the whitepaper details a total supply of 1 billion MMTR, 65% of which will be available to early bird gem hunters via the presale. Interestingly, the team has planned an incremental distribution of presale tokens, giving a chance to those that might miss the early stages of MMTR token sale.

    What is the Memeinator?

    The Memeinator is a new meme coin that descends to the dystopian world of worthless meme replicas with one mission – to seek out and destroy the weak coins ruining the market. It’s a critical mission in an industry that has over 500 meme coins, most of them useless imitations of some of the top picks such as DOGE, SHIB and PEPE. 

    Leveraging blockchain and artificial intelligence, the Memeinator will bring the era of chaos to a close with judgement for every sub-par meme token. 

    As it renders judgement to the smaller coins, the Memeinator will look to tap into an innovative AI-powered marketing tool to target the $1 billion market cap. The next goal will be to build momentum towards challenging meme world top coins, but that will happen once the small dogs and frogs are out of the way.

    Memeinator’s roadmap to dominance

    To achieve its mission, the Memeinator will seek milestones as highlighted on its roadmap. Currently, the presale is part of phase 1 of the new era that includes blockchain development and community building.

    As it charts the course of its expedition, the Memenaitor’s phase 2 will involve the unleashing of the terminator via launch of MMTR on popular exchanges and DEXs. Key partnerships will be sought to add to the traction, with staking and NFTs launch to follow. 

    In stage 3, the Memeinator will be ready to search and destroy weak memes through the launch of Memescanner and the Memeinator game: Warfare. These products bring real utility to the ecosystem.

    Meme domination comes in stage 4 of the roadmap where the world is now rid of all the unworthy memes. The market cap of this token is forecast to have grown to $1 billion, with MMTR listing on the world’s largest crypto exchanges marking the beginning of judgement for the current market’s meme coin big fish.

    Learn more by visiting the project’s website or you can join the presale here to buy Memeinator (MMTR). 

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  • BitGo and Swan partner to launch a Bitcoin-only trust company

    BitGo and Swan partner to launch a Bitcoin-only trust company

    Key takeaways

    BitGo and Swan to launch a new trust company

    Crypto custodian BitGo and bitcoin financial services firm Swan have announced plans to launch a Bitcoin-only trust company. 

    According to the press release published on Thursday, the Bitcoin-only trust company will offer custody without exposure to other digital currencies. The trust, which will be launched following regulatory approval, will combine BitGo’s custody capabilities with Swan’s expertise in fraud prevention and onboarding. 

    The companies said it would be the first Bitcoin-only trust company in the United States. BitGo CEO Mike Belshe said, 

    “We believe the best model for the Bitcoin industry is the same battle-tested model that has been part of the US financial industry for over a century: the separation of exchange and custody. Our teams have worked closely together for nearly a year on stronger qualified custody models. Early in 2023, we recognized the opportunity to establish a Bitcoin-only custodian, combining the unique capabilities of each company and supporting the innovators that will be at the forefront of pushing Bitcoin adoption.”

    BitGo remains a leading custodian in the crypto space

    This latest cryptocurrency news comes as BitGo continues to expand its presence in the cryptocurrency space despite the ongoing bear market. BitGo is one of the custodians Swan hired for its Bitcoin storage needs. 

    Cory Klippsten, Swan’s CEO, also commented that;

    “We immediately saw the vision,” said Cory Klippsten, Swan’s CEO. “For years, we’ve heard from major clients, partners, and other Bitcoin companies that they would prefer a Bitcoin-only software and services stack that is focused strictly on the best custody that leverages Bitcoin’s unique features. It’s important to us to build a custodian without the risks of securing many altcoins within the same trust company as Bitcoin. We want to do our part to build a dedicated ecosystem for Bitcoin, separate from industry speculators, to allow for innovation in custodial offerings.”

    This latest development comes a few days after South Korean Hana Bank and BitGo announced a partnership to launch a joint crypto custody venture. The joint venture will combine Hana Bank’s knowledge of financial services and compliance with BitGo’s crypto custodial solutions.

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  • Asset manager Franklin Templeton applies to launch a spot Bitcoin ETF

    Asset manager Franklin Templeton applies to launch a spot Bitcoin ETF

    • Franklin Templeton joins other asset management firms like Grayscale that have applied to offer crypto ETFs.
    • The SEC was mandated by the court to evaluate Grayscale’s application to convert its Bitcoin futures ETF into a spot ETF.
    • Franklin Templeton will collaborate with CF Benchmarks to ensure accurate valuation.

    Franklin Templeton, a prominent asset management firm with $1.5 trillion in assets under management, has submitted an application to the United States Securities and Exchange Commission (SEC) seeking approval for the launch of a Bitcoin exchange-traded fund (ETF) that would track the price of Bitcoin in real-time.

    This move by Franklin Templeton follows a series of notable developments in the cryptocurrency ETF space. In late August, the SEC opted to delay its decisions regarding spot ETF applications from several other companies, including WisdomTree, Valkyrie, Fidelity, VanEck, Bitwise, and Invesco. Furthermore, a significant court ruling on August 29th mandated that the SEC must evaluate Grayscale’s application to convert its Bitcoin futures ETF into a spot ETF.

    Franklin Templeton’s ETF application

    In their application, Franklin Templeton outlines the structure of the proposed fund. It would function as a trust, with Coinbase serving as the custodian for Bitcoin holdings. Bank of New York Mellon would take on the roles of cash custodian and administrator. Fund shares are intended to be traded on the Cboe BZX Exchange, a major securities exchange in the United States. The SEC has set its next deadline for making a decision on this application for October 16th.

    In recognition of the regulatory uncertainties surrounding the digital asset market in the United States, Franklin Templeton explicitly acknowledges the risks in its application. They highlight the potential adverse impacts of legislative or regulatory developments, which could significantly affect the value of Bitcoin and the shares of the proposed ETF. Such impacts could include bans, restrictions, or imposing stringent conditions on various aspects of the cryptocurrency ecosystem, including trading, mining, digital wallets, custody services, and the overall operation of the Bitcoin network.

    CF Benchmarks and Franklin Templeton partnership

    To ensure accurate valuations, Franklin Templeton plans to collaborate with CF Benchmarks, a digital asset index provider regulated in the United Kingdom. CF Benchmarks would provide daily valuations based on data from reputable cryptocurrency exchanges, including Coinbase, Bitstamp, iBit, Kraken, Gemini, and LMAX Digital. These valuations would be updated at 5-minute intervals to reflect the real-time nature of the cryptocurrency market.

    At the time of writing, the price of Bitcoin was trading at $25,952.26, underlining the dynamic and ever-changing nature of the digital asset market that Franklin Templeton seeks to tap into with its proposed Bitcoin ETF.

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