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But we saved everything 🙂.
Franklin Templeton has registered two exchange-traded funds (ETFs) on Nasdaq this week that consist of 95% major U.S. stocks and 5% bitcoin. Each dividend payment from the stocks is used to purchase additional bitcoin for the fund.
Fernando Nikolic, founder of Perception, shared this information and noted that these products make bitcoin accessible to people who may not have otherwise considered buying it.
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Nikolic has previously argued that bitcoin adoption faces obstacles due to regulatory complexity rather than pricing or user issues, as detailed in a separate analysis. In another recent piece, he highlighted the $350 million penalty levied against American Express for failing to report suspicious transactions totaling $13 billion, contrasting this with risks faced by wallet developers in the crypto sector (full article). These insights provide context to his views on broadening access to bitcoin through new financial products.