Franklin Templeton, a big name in the investment world, is getting into the crypto ETF game. They’ve filed with the SEC to launch an ETF that invests in both Bitcoin and Ethereum.
Franklin Templeton’s Crypto ETF: A Dual Play
Franklin Templeton’s new ETF, called the “FRANKLIN CRYPTO INDEX ETF,” will be traded on the CBOE. Coinbase will be the custodian, keeping all the Bitcoin and Ethereum safe.
This isn’t Franklin Templeton’s first foray into crypto ETFs. They already have ETFs for Bitcoin and Ethereum, but they haven’t been as successful as some of their competitors, like BlackRock and Fidelity. They hope this new dual ETF will give them a boost.
Hashdex: A Head Start?
Franklin Templeton isn’t the only one trying to get a crypto ETF approved. A South American company called Hashdex has already filed with the SEC. The SEC is taking its time to review Hashdex’s application, so it’s not clear who will be first to market.
The Future of Crypto ETFs
The SEC’s approval of Bitcoin ETFs earlier this year has really opened the door for institutional investors to get into crypto. The Bitcoin ETF market is already worth $17 billion, and there’s an Ethereum ETF out there now too.
With all the talk about dual crypto ETFs, and even potential ETFs for Solana and XRP, the future of crypto ETFs looks bright. They could be a big driver of growth in the crypto space, making it easier for traditional investors to get involved.
