Franklin Templeton Seeks Regulatory Approval for Crypto Index ETF
Amid growing institutional interest in digital assets, Franklin Templeton Investments has announced its plans to launch a new crypto index exchange-traded fund (ETF).
The fund, which is still pending regulatory approval, would provide investors with exposure to a select group of digital assets, including Bitcoin and Ether. Franklin Templeton highlights the potential for the fund to adapt its holdings based on future approvals by the Securities and Exchange Commission (SEC).
The SEC, which previously held concerns about investor protection, has recently approved several Bitcoin and Ether ETFs. These products have facilitated broader participation in the crypto market, including among institutional investors.
Franklin Templeton's announcement reflects the increasing demand for access to crypto assets through traditional financial instruments. Several other firms have applied for ETFs linked to other cryptocurrencies such as Solana and XRP, but their applications are yet to be approved.