##ETH ❗️Today's news on ETH‼️
Important information was communicated to us a few hours ago and after verification the news promises to be juicy for ETH investors.
Franklin Templeton is an asset manager interested in ETH, the native cryptocurrency of the Ethereum network.
It recently filed an application with the SEC to create a spot ETH ETF. An ETF is a financial product that tracks the performance of an underlying asset, such as ETH, and trades on exchanges.
Franklin Templeton hopes to offer its clients a convenient and regulated way to invest in ETH, without having to hold or manage the tokens themselves. The fund could also generate additional income through staking on Ethereum, which consists of blocking ETH to participate in the validation of transactions and receive rewards¹.
Franklin Templeton already launched a spot Bitcoin ETF last month, but it has not found the same success as other market players, such as BlackRock or Fidelity³. He therefore hopes to make up for it with his ETF on ETH, which is the second largest cryptocurrency in terms of market capitalization.
Franklin Templeton is considered a traditional player in the financial sector, but he appears to want to embrace crypto culture and position himself as an innovator. It even added “laser eyes” to its logo on the social platform X (formerly Twitter), in homage to the crypto community and its iconic character of Ben Franklin⁴.
This is what I can tell you about the successful future of ETH. I hope that this pleased you. If you need more information here are some sources at your disposal. , do not hesitate to comment on your opinions. 😊
Source: cryptoast.fr (ethereum-franklin-templeton-depose-candidature)
fr.cryptonews.com
