US Securities and Exchange Commission (SEC) chair Gary Gensler has responded to a public inquiry about what it would take for the financial regulator
. Meanwhile, the markets’ eyes remain peeled for around October 15, when the commission could likely provide a joint decision for all seven applicants. It is worth mentioning that with Franklin Templeton joining the Bitcoin Spot ETF campaign, the combined assets under management of firms in the race goes above $16 trillion, with BlackRock boasting a staggering $9 trillion.
Between Blackrock, Fidelity, Invesco, and now Franklin Templeton -- the combined AUM of firms that have filed for Bitcoin spot ETFs is now over $16 trillion.Franklin Templeton asset manager is the latest entrant, with an AUM of $1.5 trillion to its name. The addition has the GBTC discount closing in further, now trading at just a 17% discount to NAV.This is the closest that the trust has tracked the underlying Bitcoin since December 2021.
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