Blockchain
Franklin Templeton Adds AI, Blockchain to Metaverse ETF
Franklin Templeton is expanding its metaverse ETF to include exposure to artificial intelligence (AI) and blockchain.
Consequently, the Franklin Metaverse UCITS ETF (METU) will be renamed the Franklin AI, Metaverse, and Blockchain UCITS ETF. The fund, which tracks the Solactive Global Metaverse Innovation index, will add 15 companies to its portfolio, increasing the total to 75.
The index themes will be reduced from seven categories to four: the metaverse ecosystem, blockchain technology, digital asset platforms, and AI applications and services.
The ETF’s investment objective—providing exposure to technologies that offer products and services around the metaverse and support blockchain technologies—will remain unchanged. These changes will take effect on June 7.
Franklin Templeton Metaverse Fund Holdings
METU’s top three holdings are Nvidia (8.2%), Meta Platforms (5.4%), and Coinbase Global (5%).
Franklin Templeton launched METU in September 2022, and its assets have grown to $3.6 million since inception.
Recently, HANetf revamped its metaverse ETF into a ‘Web 3.0’ strategy, with a new name and index and expanded sector exposure. Meanwhile, Roundhill Investments exited the European ETF market last October, closing its metaverse ETF just 18 months after launch.
In the U.S., Franklin Templeton manages $17.6 billion across 60 ETFs, with the largest being the Franklin FTSE Japan ETF (FLJP) at $2.09 billion in assets. Over the past year, the best-performing Franklin Templeton ETF was FLJH, with a 36% return. The most recent addition to their ETF lineup is the Franklin Bitcoin ETF (EZBC), launched on January 11.
Franklin Templeton does not have a metaverse ETF in the U.S. The most similar fund to the U.K. product is the $20.9 million Franklin Intelligent Machines ETF (IQM), which has gained 38% over the past year.
In the latest episode of Talk ETFs on etf.com, Franklin Templeton’s global ETF head, Patrick O’Connor, discusses the company’s expanding ETF offerings.
Source: finance.yahoo.com
The post Franklin Templeton Adds AI, Blockchain to Metaverse ETF appeared first on HIPTHER Alerts.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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