Multi-trillion asset manager Franklin Templeton files for a Bitcoin and Ethereum index exchange-traded fund (ETF) with the US SEC.
Crypto enthusiasts may have a single ETF allowing exposure to both Bitcoin and Ethereum. Per a recent filing, Franklin Templeton has applied with the SEC to launch an index fund that exposes investors to the two largest cryptocurrencies by market cap.
Franklin Templeton Pursue Index ETF for Bitcoin and Ethereum
According to the October 2 filing, the leading asset manager requests a rule change to offer a Bitcoin and Ethereum index. An index fund is a contract that tracks the performance of an asset, either stocks, bonds, or crypto, and gives holders exposure to the asset without directly holding it.
If approved, the Franklin Templeton Bitcoin and Ethereum Crypto Index ETF will trade on the Chicago Board Options Exchange (Cboe). Per the filing, America’s…
