Bitcoin ETFs In Japan: Franklin Templeton Partners With SBI Holdings To Launch Digital Asset Management Company
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 26 2024
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Source: Benzinga
Joint Venture Announcement: SBI Holdings has partnered with Franklin Templeton to create a digital asset management company, aiming to launch cryptocurrency exchange-traded funds (ETFs) in Japan once regulatory approval is obtained.
Market Context: This collaboration comes as global developments in the cryptocurrency market are accelerating, including recent approvals of Bitcoin ETFs in the U.S. and Australia, which are seen as pivotal for mainstream acceptance and institutional investment in digital assets.
Analyst Views on BTF
Wall Street analysts forecast BTF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTF is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 5.335
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Current: 5.335
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
