Franklin Templeton Files for Ether ETFs
Franklin Templeton has filed an application with the U.S. Securities and Exchange Commission (SEC) seeking to launch an ethereum spot exchange-traded fund (ETF). This follows applications from companies including BlackRock, Fidelity, Ark, 21Shares, Grayscale, VanEck, Invesco, Galaxy and Hashdex. Franklin Templeton's filing comes about four weeks after it launched its bitcoin spot ETF. iShares Bitcoin Trust (IBIT) from BlackRock and Wise Origin Bitcoin Fund (FBTC) fund from Fidelity have seen the most demand. Franklin Templeton, on the other hand, has seen inflows of only about $70 million since its launch. Over the past month, IBIT has attracted more than $3.5 billion in bitcoin and Fidelity has attracted about $3 billion.The SEC has so far delayed all decisions to approve ethereum ETFs. JPMorgan expects there is less than a 50 per cent chance of such funds being approved by May.
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