- Franklin Templeton joins the Ethereum ETF rally, filing for a Spot Ethereum ETF approval.
- BlackRock, Fidelity, Grayscale, VanEck, Ark and 21Shares, Invesco and Galaxy, and Hashdex have also applied for the ETF launch.
- The asset manager has also hinted at its intention to stake a portion of its ETF’s ETH for an additional income.
Franklin Templeton has joined the Ethereum ETF rally with a recent filing applying for a Spot Ethereum ETF approval. On February 12, the asset management firm submitted the S-1 filing to the Securities and Exchange Commission (SEC) four weeks after the company’s Bitcoin ETF launch.
With the filing, Franklin Templeton becomes the latest firm to apply for a Spot Ethereum ETF, joining other asset managers like BlackRock, Fidelity, Grayscale, VanEck, Ark and 21Shares, Invesco and Galaxy, and Hashdex. If approved, Franklin Templeton’s exchange-traded fund would be listed as “Franklin Ethereum ETF” on the Chicago Board Options Exchange.
In addition, the asset manager hinted at its interest in stating a specific portion of its ETF’s ETH for an additional source of income. According to Franklin Templeton, “The Sponsor may, fr…
The post Franklin Templeton Joins Ethereum ETF Rally, Applies for ETF Launch appeared first on Coin Edition.