Franklin Templeton Investments recently submitted an application to the US Securities and Exchange Commission, asking for a green light to launch a new crypto index exchange-traded fund (ETF).
The company revealed last week, that it intends to cash in on the crypto wave that started when Trump won the presidential election.
Since Trump himself embraced digital currencies during his campaign, and he promised to transform the US into the “Crypto capital of the planet,” Franklin Templeton Investments believes that moving into the crypto market now is the right move to make.
As for the SEC, it managed to prevent companies from launching a Bitcoin ETF for over a decade, only to finally allow both Bitcoin and Ethereum ETFs to go live in early 2024. Since then, a number of companies attempted to launch ETFs tracking other assets, such as SOL and XRP. However, Franklin Templeton aims to go a step further and create an ETF for an entire crypto index.
“The fund currently may not hold any digital asset other than bitcoin and ether. It is uncertain whether any digital assets other than bitcoin and ether may in the future be added to the Underlying Index,” as the firm wrote in its regulatory filing.
However, those interested in investing into crypto indexes should consider buying Meme Index (MEMEX) — a new project currently holding a presale, which could provide just what the investors need without having to wait for a nod from the SEC.
JOIN THE MEMEX ICO AND START INVESTING IN MEME COIN INDEXES
Meme Index Makes It Easier And Safer To Invest Into Meme Coins
As the name suggests, Meme Index is a project that aims to introduce meme indexes for easy investments into multiple meme coins at once. These are baskets of meme coins, which makes investing safer and more practical than building a portfolio manually, from scratch.
Meme Index will offer four different portfolios, and each will come with its own degree of risk. The four indexes are known as Titan, Moonshot, MidCap, and Frenzy, with each being riskier than the last. But, with increased risk also comes an increased potential to earn larger profits. However, keep in mind that the possibility of experiencing losses also grows.
Titan is the least risky of the four baskets, containing only the largest meme coins by market cap. Most of them are established projects that are relatively safe to buy, especially as a group. Moonshot will hold meme coins that sit just under the largest ones. They have a solid chance of challenging the old giants, so while this index is slightly riskier, it is still mostly considered safe.
MidCap is where the risks truly start to become serious. This is a basket that consists of meme coins whose market cap is between $50m and $250m, and they can either see a major increase or a serious drop. Of course, while the risk is high, so is the potential reward.
Lastly, there is Frenzy, and this is the index only for those willing to take all-or-nothing chances, as it will contain new and experimental meme coin projects that have an equal likelihood of succeeding or flopping completely. But, to invest in any of these indexes, you will need the project’s native token, MEMEX.
Not only that, but holding MEMEX also grants you access to community governance, meaning that you can join the voting process and help decide which meme coins will enter or exit the baskets. This will be a dynamic process as the project wants to hold the trending projects in its baskets, in order to give investors the best chance of making a profit.
BUY MEMEX TOKENS BEFORE THE NEXT PRICE INCREASE
So far, the Meme Index ICO raised over $3.5 million, indicating that there is growing interest in crypto indexes and meme coin indexes, in particular. As for MEMEX itself, it is available for $0.0159713 as of February 7, but its price is expected to go up in its next scheduled increase in less than two full days from now.
