Franklin Templeton Joins Ethereum ETF Rally, Applies for ETF Launch

• Franklin Templeton joins the Ethereum ETF rally, filing for a Spot Ethereum ETF approval.
• BlackRock, Fidelity, Grayscale, VanEck, Ark and 21Shares, Invesco and Galaxy, and Hashdex have also applied for the ETF launch.
• The asset manager has also hinted at its intention to stake a portion of its ETF’s ETH for an additional income.

Franklin Templeton has joined the Ethereum ETF rally with a recent filing applying for a Spot Ethereum ETF approval. On February 12, the asset management firm submitted the S-1 filing to the Securities and Exchange Commission (SEC) four weeks after the company’s Bitcoin ETF launch.

With the filing, Franklin Templeton becomes the latest firm to apply for a Spot Ethereum ETF, joining other asset managers like BlackRock, Fidelity, Grayscale, VanEck, Ark and 21Shares, Invesco and Galaxy, and Hashdex. If approved, Franklin Templeton’s exchange-traded fund would be listed as “Franklin Ethereum ETF” on the Chicago Board Options Exchange.

In addition, the asset manager hinted at its interest in stating a specific portion of its ETF’s ETH for an additional source of income. According to Franklin Templeton, “The Sponsor may, fr…

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