Franklin Templeton Applies to Launch a Spot Ethereum ETF

Asset manager Franklin Templeton has filed an application to register a spot Ethereum ETF.

Coinbase Custody Trust Company will act as the custodian of the second largest cryptocurrency by capitalization, Bank of New York Mellon - cash.

If approved, the product will receive a listing on the Cboe BZX Exchange.

The structure involves using only cash to create and redeem shares of an exchange-traded fund, similar to how it is implemented in Bitcoin-based instruments.
Franklin Templeton Applies to Launch a Spot Ethereum ETF 
Asset manager Franklin Templeton has filed an application to register a spot Ethereum ETF.

Coinbase Custody Trust Company will act as the custodian of the second largest cryptocurrency by capitalization, Bank of New York Mellon - cash.

If approved, the product will receive a listing on the Cboe BZX Exchange.

The structure involves using only cash to create and redeem shares of an exchange-traded fund, similar to how it is implemented in Bitcoin-based instruments.