CoinVoice has learned that the U.S. SEC has accepted the submission of the amendment for the Franklin Crypto Index ETF according to official SEC documents. On August 17, Franklin Templeton submitted an S-1 application for the new crypto index ETF, aiming to be a one-stop cryptocurrency portfolio. The Franklin Crypto Index ETF will track the performance of the CF Institutional Digital Asset Index, which currently only includes Bitcoin and Ethereum.
If approved, the proposed Franklin Crypto Index ETF will be listed on the Cboe BZX exchange and will use Coinbase Custody Trust Company LLC as its digital asset custodian. The ETF plans to invest in crypto assets with weights similar to the underlying index, and may add other types of cryptocurrencies in the future. Katalin Tischhauser, head of investment research at Sygnum Crypto Bank, stated that index ETFs are the next logical step for cryptocurrency investment, similar to how investors purchase S&P 500 ETFs. Currently, due to regulatory restrictions, cryptocurrency index ETFs are limited to Bitcoin and Ethereum. The ETF cannot be traded on an exchange until the SEC approves its registration application and allows at least one public stock exchange to list the product. [Original link]
