Franklin Templeton Eyes Bitcoin and Ether ETF Global asset management firm Franklin Templeton has submitted an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that tracks the Bitcoin (BTC) and Ether (ETH) index. The fund would be the first of its kind to offer exposure to both leading cryptocurrencies in one ETF. The proposed ETF will track the Solactive Global Blockchain Index, which measures the performance of companies involved in the development and utilization of blockchain technology. The fund will invest in companies with at least 50% of their revenue derived from blockchain or cryptocurrency-related activities. The move by Franklin Templeton signals growing interest from institutional investors in the cryptocurrency market. The firm has a long history of managing traditional investments and its entry into the crypto space could bring legitimacy to the asset class. The SEC has yet to approve the ETF, but the filing of the S-1 is a significant step in the process. If approved, the ETF would be listed on the New York Stock Exchange.

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