If approved, Franklin plans to use Coinbase Global Inc. as custodian for the fund’s Bitcoin holdings and Bank of New York Mellon for cash.

Investors have snapped up more than $1 trillion of T-bills in just the last three months.

If approved, the US spot Bitcoin ETF market has the potential to grow into a $100 billion juggernaut in time, according to Bloomberg Intelligence estimates. 

Fidelis Capital has hired Christopher Gunster from Bank of America Corp. as head of fixed-income strategies

FS Credit REIT invests in short-term, floating-rate loans. But it notes its strategy is different from many debt funds in the market today.

RIAs using the platform will be able to create white-label fund strategies including on private credit, equity, real estate, venture capital and infrastructure investments for high-net-worth and ultra-high-net-worth clients.

The tax deadlines for reallocating capital gains are approaching.