Franklin Templeton's Bitcoin ETF Filing Sparks FOMO In Crypto Markets!

<p>&nbsp;"It's true that many large institutions have filed spot BTC ETFs, but when is the SEC going to approve this?"</p><p><br /></p><p>Excitement and FOMO in the cryptocurrency market erupted as financial institution giant Franklin Templeton moved to acquire the increasingly popular Bitcoin (BTC) ETF.</p><p><br /></p><p>However, it should be noted that the hype surrounding ETFs will not last long as FOMO will diminish compared to the initial excitement, where ETFs became exposed when BlackRock filed for the product.</p><p><br /></p><p>Franklin Templeton who submitted a filing to the Securities and Exchange Commission (SEC) on September 12, 2023 has proposed a Coinbase-backed ETF dubbed the Franklin BTC ETF.</p><p><br /></p><p><br /></p><p>Shortly after the announcement, BTC saw a significant increase from $25,000 to $26,000 as Franklin Templeton's social volume surged due to his latest developments.</p><p><br /></p><p>Please note that the San Mateo-based financial institution is already a strong player in structured investment products such as mutual funds including ETFs.</p><p><br /></p><p>Therefore, Franklin Templeton's decision to continue with the BTC ETF is not surprising to many people as the traditional sector has slowly accepted ETFs as one of the investments for the United States (US) market.</p><p><br /></p><p>However, Franklin Templeton revealed that investors still overreacted when news of the ETF's filing was released following its latest spike in social volume similar to BlackRock's filing.</p>