Franklin Templeton Files for Bitcoin and Ethereum Index ETF😐👇
Global asset manager Franklin Templeton has officially filed for a Bitcoin and Ethereum Index ETF. Indeed, the firm submitted a proposal for the fund to the US Securities and Exchange Commission (SEC). The fund will reportedly hold both BTC and ETH indirectly, offering exposure to the top two cryptocurrencies.
The fund will feature no staking and has custody provided by BNY Melon and Coinbase. Ultimately, it appears as though potential approval will rely on fraud prevention and the futures market. For now, Franklin Templeton is awaiting updates from the SEC on its submitted proposal.