Franklin Templeton Now at Forefront of Ethereum ETF Revolution

Franklin Templeton Now at Forefront of Ethereum ETF Revolution

New York, NY, Monday, February 19, 2024 – Prominent investment firm Franklin Templeton filed an application with the Securities and Exchange Commission (SEC) for the “Franklin Ethereum Trust.” 1

This move follows the recent approval of Bitcoin spot ETFs in the US.

Franklin Templeton 2, manages over $1.4 trillion in assets

If approved, the “Franklin Ethereum Trust” would hold Ethereum directly and potentially offer staking capabilities, providing investors with an avenue to gain exposure to Ethereum’s potential growth.

Established names like BlackRock and VanEck have filed similar applications, indicating the demand for these investment vehicles.

This competitive landscape also suggests intense scrutiny from the SEC over the need for robust compliance and risk management frameworks.

The SEC has yet to approve any Ethereum spot ETFs, citing concerns about market volatility, potential manipulation, and custody risks.

Ethereum is the second-largest cryptocurrency by market cap, with a vibrant ecosystem of decentralized applications and smart contracts.

Sources
  1. Franklin Templeton: https://decrypt.co/217083/ethereum-spot-etf-franklin-templeton-wall-street[↩]
  2. Franklin Templeton: https://www.franklintempleton.com/insights/what-happened-last-week[↩]
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