According to BlockBeats, on August 17, Cointelegraph reported that Franklin Templeton submitted an S-1 application for a new crypto index ETF, aiming to become a one-stop cryptocurrency investment portfolio. The Franklin Crypto Index ETF will track the performance of the CF Institutional Digital Asset Index, which currently only includes Bitcoin and Ethereum.
The ETF plans to invest in digital assets with a weight close to the underlying index, and other types of cryptocurrencies may be added in the future. Katalin Tischhauser, head of investment research at Sygnum Crypto Bank, said that index ETFs are the next logical step for cryptocurrency investing, similar to how investors buy S&P 500 ETFs. Currently, cryptocurrency index ETFs are limited to Bitcoin and Ethereum due to regulatory restrictions. The ETF cannot be traded on an exchange until the SEC approves the ETF's registration application and allows at least one public stock exchange to list the product.