**Franklin Templeton Eyes New Crypto Index ETF**

Franklin Templeton is stepping into the crypto arena with a new exchange-traded fund (ETF), according to an August 16 filing. The Franklin Crypto Index ETF aims to offer a diversified crypto portfolio, initially tracking Bitcoin (BTC) and Ethereum (ETH) through the CF Institutional Digital Asset Index.

- **What's Inside?** The ETF will mirror the index's asset weights and may include more cryptocurrencies in the future.

- **Market Context:** This move follows the launch of BTC and ETH ETFs earlier this year and will compete with the Hashdex Nasdaq Crypto Index ETF.

- **Expert Insight:** Katalin Tischhauser from Sygnum notes that index ETFs are efficient for investors, akin to the S&P 500 in traditional finance.

- **Regulatory Hurdles:** The ETF awaits SEC approval and a listing on a public exchange like Nasdaq.

Stay tuned for more updates on this evolving financial product.