Franklin Templeton Files For Bitcoin ETF, Chainlink Rallies and InQubeta Primes For 25X In Upcoming Bull Run
The post Franklin Templeton Files For Bitcoin ETF, Chainlink Rallies and InQubeta Primes For 25X In Upcoming Bull Run appeared first on Coinpedia Fintech News
Franklin Templeton, who manages a staggering $1.45 trillion, is vying to launch a Bitcoin ETF, alongside giants like BlackRock and Fidelity. Also, Chainlink is seeing a significant value surge, and InQubeta is gearing up for a potential 25X growth with its AI startup investment platform and $QUBE token. This article delves into these dynamic crypto developments.
Franklin Templeton Seeks SEC Approval for Bitcoin ETF
Global investment giant Franklin Templeton has made a significant move in the cryptocurrency market by filing for a Bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). This marks a notable development as it joins other major financial players like BlackRock and Fidelity in their pursuit of launching the first-ever Bitcoin ETF.
Franklin Templeton, a mammoth asset manager overseeing approximately $1.45 trillion, has submitted a proposal for a Bitcoin ETF to the SEC. This move reflects the growing interest and anticipation within the cryptocurrency space for the potential approval of a Bitcoin ETF.
The key details of Franklin Templeton’s Bitcoin ETF application include Coinbase serving as the custodian for the Bitcoin assets held by the fund. However, pricing for the ETF will be determined based on a reference rate provided by the Chicago Mercantile Exchange (CME). The ETF is slated to be traded on the Cboe BZX Exchange.
Notably, this filing represents Franklin Templeton’s first foray into the world of Bitcoin ETFs, despite its substantial assets under management. The firm’s CEO, Jenny Johnson, has previously emphasized blockchain technology as the most significant disruption in the financial services industry, describing Bitcoin as a “distraction†from this broader transformation.
The move by Franklin Templeton comes in the wake of similar applications from financial heavyweights such as BlackRock and Fidelity, all aiming to secure a foothold in the cryptocurrency ETF market. The SEC has postponed decisions on these Bitcoin ETF proposals until October, adding to the anticipation surrounding their potential approval.
It’s important to note that while these applications signal growing institutional interest in cryptocurrencies, regulatory hurdles remain, and approval is not guaranteed.
Chainlink Rallies Amid Market Enthusiasm
Chainlink, one of the leading decentralized oracle networks in the cryptocurrency space, has witnessed a substantial surge in its value. This surge can be attributed to several factors contributing to the positive sentiment around Chainlink.
Firstly, Chainlink has been onboarding numerous partnerships and integrations across the blockchain and smart contract landscape. These partnerships expand its utility, making it an increasingly essential component in the broader blockchain ecosystem.
Additionally, Chainlink’s reputation for providing reliable and tamper-proof data feeds to decentralized applications (dApps) has solidified its position as a key player in the blockchain space. As more dApps and blockchain projects recognize the importance of accurate and secure data inputs, the demand for Chainlink’s services has grown significantly.
Furthermore, the overall bullish sentiment in the cryptocurrency market has also benefited Chainlink. As investors seek opportunities for diversification and growth in their portfolios. It established cryptocurrencies like Chainlink often experience renewed interest and increased trading activity.
InQubeta Prepares for a Potential 25X Increase in Value
InQubeta, one of the best crypto to invest in now, is a blockchain-based platform. It focused on crowdfunding and fractional investment in AI startups using its native token, $QUBE. It is positioning itself for a substantial increase in value. The platform’s unique approach to AI startup funding and investment. The coupled with the deflationary nature of the $QUBE tokenFD, has generated excitement within the crypto community.
The $QUBE token operates on the Ethereum blockchain and offers investors several incentives. It features a deflationary mechanism with a 2% tax on both buys and sells, directing funds to a burning wallet. This reduces the token’s supply over time, potentially increasing its value. Additionally, a 5% sell tax contributes to a dedicated reward pool, allowing investors to earn rewards by staking their tokens.
InQubeta’s NFT marketplace plays a pivotal role in its ecosystem. It enables AI startups to raise funds and offer reward and equity-based NFTs, while $QUBE token holders can easily invest in these projects. This symbiotic relationship benefits both parties. Fostering growth in the AI startup sector and offering unique investment opportunities to token holders. These attributes make InQubeta a top crypto to buy.
Moreover, InQubeta has implemented a governance system using the $QUBE token, allowing holders to actively participate in platform decisions. This democratic approach enhances community engagement and empowers users to shape the platform’s future.
Overall, InQubeta’s innovative approach to AI startup funding, coupled with the utility and deflationary aspects of the $QUBE token. The positions it for potential significant growth in value, potentially reaching a 25X increase in the upcoming bull run. Its also depending on market conditions and adoption. InQubeta is poised to be the best cryptocurrency to buy.
