Franklin Templeton Seeks SEC Approval For Dual Bitcoin, Ethereum Index ETF
Franklin Templeton, a multi-trillion dollar asset management firm, has filed for a new exchange-traded fund (ETF) that would provide exposure to both Bitcoin and Ethereum.
According to an application with the U.S. Securities and Exchange Commission (SEC) on Wednesday, the firm aims to offer investors a single product that tracks the performance of the two largest cryptocurrencies by market capitalization.
A New Index ETF On The Horizon
The Oct. 2 filing reveals Franklin Templeton’s intention to launch an index fund that encompasses both Bitcoin and Ethereum. An index fund typically tracks the performance of a collection of assets—such as stocks, bonds, or cryptocurrencies—enabling investors to gain exposure to these assets without directly owning them.
In this case, the proposed ETF would specifically target Bitcoin and Ethereum, allowing investors to benefit from the movement of these leading cryptocurrencies.
If approved, the new Franklin Templeton Bitcoin and Ethereum Crypto Index ETF will be traded on the Chicago Board Options Exchange (BATS:CBOE).
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