Franklin Templeton Joins Ethereum ETF Race

Franklin Templeton has filed for a spot Ethereum ETF, becoming the eighth player in the competitive market. The approval of spot Bitcoin ETFs by the SEC has sparked interest in the crypto industry. Franklin Templeton lags behind in assets but is determined to make its mark. The SEC has delayed decisions on other ETF applications, including Grayscale Investments and BlackRock. Coinbase Custody will act as the custodian for the proposed ETF's Ethereum holdings. Overall, competition in the crypto ETF market is growing as players seek regulatory approval and offer exposure to digital assets.