American financial asset manager Franklin Templeton has filed an application with the United States Securities and Exchange Commission (SEC) to launch a Crypto Index ETF. This new exchange traded fund will initially hold Bitcoin and Ethereum, the two products it currently administers on US markets.
Franklin Templeton Crypto Index ETF: What is New?
Since January that the Gary Gensler-led SEC greenlighted Bitcoin ETF, many issuers have doubled down on their industry engagements. With the new allowance, Franklin Templeton also joined the Ethereum ETF bandwagon in May.
This combined index fund is an unchartered territory, one that may help the firm dominate some aspect of the ETF market. This latest filing comes as the firm has started eyeing Solana ETF as the next for SEC approval.
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