Franklin Templeton Files For Spot Ether ETF: If Approved, 'Private Sector Buy-In' Coming, Expert Says
Portfolio Pulse from Murtuza Merchant
Franklin Templeton has filed for a spot Ether ETF, aiming for listing on the Chicago Board Options Exchange. The firm plans to stake a portion of the ETF's Ether holdings to earn rewards. This move places Franklin Templeton among other applicants like BlackRock Inc., VanEck, and Fidelity seeking SEC approval for spot Ether ETFs. The SEC's decision timeline spans from May 23 to Aug. 7 for various applications. Despite a crowded field, Bloomberg analysts suggest a unified decision by May 23, with a cautious outlook on approval chances.
February 13, 2024 | 5:11 pm
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Franklin Templeton's filing for a spot Ether ETF could increase interest and investment in Ethereum, potentially impacting its price positively in the short term.
The filing for a spot Ether ETF by a major asset management firm like Franklin Templeton could lead to increased investor interest in Ethereum, especially if the SEC approves the ETF. This anticipation could drive Ethereum's price up in the short term as investors speculate on the outcome.
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