Franklin Templeton Files for Spot Bitcoin ETF (Eruptions Market Report 9-14-23)
- Sep 21, 2023
- 1 min read
Yet another multi trillion dollar asset manager has filed for a spot Bitcoin ETF (Exchange Traded Fund).
This is a great time to reiterate that if you choose to invest in an ETF, whether it be a gold ETF, Bitcoin ETF, or any other kind of ETF, YOU DO NOT OWN ANYTHING.
An ETF is a clever way for the financial company to hold and control the assets while they issue YOU and PIECE OF PAPER saying you "own" a portion of the assets that they have total control over.
Do not fall for it.
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