Franklin Templeton joins spot Ethereum ETF race; eight applications so far

Franklin Templeton joins spot Ethereum ETF race; eight applications so far
фото показано с : invezz.com

2024-2-14 16:48

The race for spot Ethereum ETFs is heating up as asset managers vie for a piece of the burgeoning cryptocurrency market. The recent application by the $1.5 trillion asset manager Franklin Templeton adds to the competition, highlighting the growing interest in Ethereum-based investment products.

With various firms seeking approval from regulatory bodies, investors are eyeing the potential for convenient exposure to ETH’s price movements through ETFs.

Franklin Templeton spot Ethereum ETF application

Asset manager Franklin Templeton officially submitted its application for a spot Ethereum ETF on February 12. The ETF, named the Franklin Ethereum ETF, is designed to track the price of ether (ETH), the native cryptocurrency of the Ethereum network.

Coinbase Custody Trust Company and the Bank of New York Mellon are slated to serve as custodians for ether and cash holdings, respectively. If approved, the ETF’s shares will be listed and traded on the Cboe BZX Exchange, Inc.

Updated list of Ethereum ETF applicants

As the deadline for Ethereum ETF approvals looms, several prominent firms have thrown their hats into the ring.

VanEck, ARK 21Shares, and Hashdex, among others, filed applications as early as September 2023. Grayscale and Invesco Galaxy followed suit in October 2023, while iShares and Fidelity joined the fray in November 2023. Franklin Templeton, the latest contender, filed its application in February 2024. These companies are positioning themselves to tap into the growing demand for Ethereum-based investment options.

The spot Ethereum ETF applications follow the recent approval of similar spot Bitcoin ETF applications by the United States SEC. Although the application process was characterized by several amendment requests from the regulatory authority, the SEC finally approved all the spot Bitcoin ETF applications, which could be a driving factor for the growing number of spot Ethereum ETF applications.

And just like Bitcoin (BTC) price, the price of Ethereum (ETH) has also been reacting to the developments. At press time, ETH was trading at $2676.25, up 15% in the last seven days.

The post Franklin Templeton joins spot Ethereum ETF race; eight applications so far appeared first on Invezz

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 2956.01 (+0.44%)
Объем 24H $13.049b
Изменеия 24h: 0.97 %, 7d: -3.38 %
Cегодня L: $0 - H: $2992.11
Капитализация $355.056b Rank 2
Цена в час новости $ 2638.61 (12.03%)

templeton asset franklin race ethereum spot manager

Источник: invezz.com

templeton asset → Результатов: 28


Ethereum ETF: Franklin Templeton Enters The Fray As ETH Rallies

Wall Street titan and Asset manager Franklin Templeton has applied for an Ethereum Spot Exchange-Traded Funds (ETF) after a struggle to gain approval for their Bitcoin Spot ETF in early January. Asset Manager Files For Spot Ethereum ETF Asset managers have gravitated toward the Ethereum spot ETF since the United States Securities and Exchange Commission (SEC) approved the Spot Bitcoin ETF.

2024-2-14 18:00


Фото:

Citigroup возглавил инвестраунд на $15 млн для Amberdata

Американский аналитический блокчейн-стартап Amberdata объявил о привлечении $15 млн в ходе раунда финансирования Серии А. Его возглавил финансовый конгломерат Citigroup. Участниками стали компании Franklin Templeton, Galaxy Digital, Rovida Kruptos Assets и руководители GoldenTree Asset Management в качестве частных инвесторов.

2021-9-14 17:16


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Espresso and Polygon Labs partner to address rollup interoperability

Espresso partners with Polygon Labs to develop AggLayer, an interoperability solution across rollups using proof aggregation and transaction ordering guarantees. The post Espresso and Polygon Labs partner to address rollup interoperability appeared first on Crypto Briefing.