Asset management firm Franklin Templeton is the latest entrant into the race for a spot Ethereum ETF, filing an application with the Securities and Exchange Commission (SEC) this week
TLDR
Franklin joins over a half dozen other issuers like BlackRock, Ark Invest, 21Shares, Grayscale, and others who have filed in recent months for an Ethereum ETF. Franklin itself launched a bitcoin ETF in January along with nine other firms after gaining SEC approval. However, its bitcoin ETF has seen just $70 million in inflows, far less than competitors like BlackRock’s blockbuster $3.5 billion bitcoin fund.
