Franklin Templeton Files for Ether ETFs
Franklin Templeton has filed an application with the U.S. Securities and Exchange Commission (SEC) seeking to launch an ethereum spot exchange-traded fund (ETF). This follows applications from companies including BlackRock, Fidelity, Ark, 21Shares, Grayscale, VanEck, Invesco, Galaxy and Hashdex. Franklin Templeton's filing comes about four weeks after it launched its bitcoin spot ETF. iShares Bitcoin Trust (IBIT) from BlackRock and Wise Origin Bitcoin Fund (FBTC) fund from Fidelity have seen the most demand. Franklin Templeton, on the other hand, has seen inflows of only about $70 million since its launch. Over the past month, IBIT has attracted more than $3.5 billion in bitcoin and Fidelity has attracted about $3 billion.The SEC has so far delayed all decisions to approve ethereum ETFs. JPMorgan expects there is less than a 50 per cent chance of such funds being approved by May.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Dow Jones Index closed up by 617.08 points, while the S&P 500 and Nasdaq both rose.
All three major U.S. stock indexes hit record highs, Golden Dragon Index rises nearly 3%
The US Dollar Index fell by 0.26% on the 11th.
Trending news
MoreCrypto prices
More








