Catenaa, Friday, February 07, 2025 – Franklin Templeton has filed for a multi-asset cryptocurrency exchange-traded fund (ETF) with the Securities and Exchange Commission(SEC), seeking approval to offer investors exposure to Bitcoin and Ether in a single fund.
The Franklin Crypto Index ETF would trade on the Cboe BZX Exchange and track the spot prices of Bitcoin and Ether, weighted by market capitalization, according to a February 6 SEC filing.
As of the filing date, Bitcoin made up 86.31% of the index, while Ether accounted for 13.69%. The fund would be rebalanced quarterly.
The filing comes amid a wave of crypto ETF applications following President Donald Trump’s inauguration and leadership changes at the SEC, including the resignation of former Chair Gary Gensler on January 20.
Acting Chair Mark Uyeda, seen as more crypto-friendly, has since taken over.
Franklin Templeton said additional cryptocurrencies could be included in the ETF if approved by regulators.
However, it warned that competition from emerging tokens, such as Solana and Cardano, could affect demand.
The filing was submitted the same day as Cboe BZX Exchange filed applications on behalf of four asset managers seeking to list spot XRP ETFs in the United States.
