Franklin

<p class="is-style-lead">Franklin Templeton has recently filed for a spot ether ETF, joining the competitive landscape of companies aiming to bridge traditional finance with digital assets.</p> 
<p>According to their <a href="https://www.sec.gov/Archives/edgar/data/2011535/000113743924000573/fets1022024.htm" data-type="link" data-id="https://www.sec.gov/Archives/edgar/data/2011535/000113743924000573/fets1022024.htm" target="_blank" rel="noopener">filing</a>, the proposed ETF aims to provide investors with a convenient alternative to directly acquiring, holding, and trading Ethereum.</p> 
<p>This move comes after the Securities and Exchange Commission (SEC) <a href="https://crypto.news/sec-approves-spot-bitcoin-etf-on-accelerated-basis/" data-type="link" data-id="https://crypto.news/sec-approves-spot-bitcoin-etf-on-accelerated-basis/">approved</a> issuers for Bitcoin ETFs earlier in January, with Franklin being among the nearly a dozen firms to launch such a product.</p> 
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   <p lang="en" dir="ltr">Franklin Templeton just joined the spot <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Ethereum</a> ETF race. <a href="https://t.co/zJvk9seXe3" target="_blank">pic.twitter.com/zJvk9seXe3</a></p>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1757142599016616334?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">February 12, 2024</a>
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<p> You might also like: <a href="https://crypto.news/blackrocks-larry-fink-points-to-value-in-ethereum-etfs-crypto-asset-class/"> BlackRock’s Larry Fink points to value in Ethereum ETFs, crypto asset class </a> </p> 
<p>The firm expressed interest in staking the ether held by the fund, a strategy also considered by Ark 21Shares, which updated its prospectus to include staking language—a feature not present in <a href="https://crypto.news/blackrock-applies-for-spot-ethereum-etf/" data-type="link" data-id="https://crypto.news/blackrock-applies-for-spot-ethereum-etf/">BlackRock’s filings</a>.</p> 
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<p>Franklin’s filing suggests the fund could engage in staking through trusted providers, potentially earning staking rewards of ether tokens (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/">ETH</a>), which could be treated as income.</p> 
<p>Approximately 25% of the total ETH supply is currently staked. With a decision on spot <a href="https://crypto.news/sec-delays-grayscale-spot-ethereum-etf-to-may/" data-type="link" data-id="https://crypto.news/sec-delays-grayscale-spot-ethereum-etf-to-may/">ETH ETFs anticipated in May</a>, Bloomberg Intelligence analyst James Seyffart estimates a 60% chance of SEC approval.</p> 
<p> Read more: <a href="https://crypto.news/ethereum-nft-volume-approaches-yearly-high-following-gas-price-surge/"> Ethereum NFT volume approaches yearly high, following gas price surge </a> </p>

Franklin Templeton enters competition to introduce spot Ether ETF

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