Franklin Templeton seeks approval for Ethereum ETF from SEC, signaling institutional interest in Ethereum.

Wall Street giant Franklin Templeton, with $1.4 trillion in assets under its management, has filed for a spot Ethereum exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). The proposed "Franklin Ethereum Trust" would track Ethereum prices and possibly engage in staking activities, a contentious issue in the crypto space. This move indicates growing institutional interest in Ethereum, the second-largest cryptocurrency by market capitalization.

February 12, 2024
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