Franklin Templeton's new ETF combines bitcoin and ethereum into a single fund.
SEC approval depends on anti-fraud measures linked to regulated futures markets.
Share this article
<button class="social-icon share" data-href="https://x.com/intent/tweet?text=Franklin+Templeton+submits+bitcoin+%26+ethereum+index+ETF+proposal+to+SEC&url=https%3A%2F%2Fcryptobriefing.com%2Fcrypto-etf-proposal-sec%2F&via=crypto_briefing” aria-label=”Share on x“>
<button class="social-icon share" data-href="https://www.facebook.com/sharer.php?u=https%3A%2F%2Fcryptobriefing.com%2Fcrypto-etf-proposal-sec%2F” aria-label=”Share on facebook“>
<button class="social-icon share" data-href="https://telegram.me/share/url?url=https://cryptobriefing.com/crypto-etf-proposal-sec/&text=Franklin+Templeton+submits+bitcoin+%26+ethereum+index+ETF+proposal+to+SEC” aria-label=”Share on telegram”>
<button class="social-icon share" data-href="https://www.linkedin.com/shareArticle?mini=true&url=https://cryptobriefing.com/crypto-etf-proposal-sec/&title=Franklin+Templeton+submits+bitcoin+%26+ethereum+index+ETF+proposal+to+SEC” aria-label=”Share on linkedin”>
<button class="social-icon share" data-href="https://reddit.com/submit?url=https://cryptobriefing.com/crypto-etf-proposal-sec/&title=Franklin+Templeton+submits+bitcoin+%26+ethereum+index+ETF+proposal+to+SEC” aria-label=”Share on reddit”>
The SEC has received a proposal to list and market the Franklin Templeton bitcoin & ethereumcrypto Index ETF. The new ETF, managed by Franklin Templeton, aims to offer investors exposure to both bitcoin and ethereum, combining these two leading crypto assets in one index fund.
This ETF would allow investors to gain exposure to both bitcoin and ethereum without having to directly own these volatile assets. The trust assets will consist of bitcoin, ethereum, cash and short-term instruments with a maturity of less than three months.
The fund will be overseen by BNY Mellon, which acts as custodian and transfer agent, while Coinbase Custody will manage the digital assets.
The Franklin crypto Index ETF aims to reflect the performance of an index comprising bitcoin and Ether, based on the CF Institutional Digital Asset Index, a benchmark designed to track the largest digital assets in line with prevailing capital markets.
According to the filing, the ETF will be the first of its kind to contain bitcoin and Ether, making it a unique asset in the digital currency ETF space.
Shares of the Franklin crypto Index ETF will be issued in blocks of 50,000 shares, and the value will reflect the net asset value (NAV) of bitcoin and Ether held by the fund. The fund will not directly engage in activities such as gambling or generating income from the digital assets it holds.
The SEC typically approves cryptocurrency-related ETFs when strict measures are in place to prevent fraud and manipulation. In this case, the proposal highlights existing oversight agreements with regulated futures exchanges, such as CME bitcoin and Ether Futures, to ensure safe and transparent trading of the underlying assets.
Share this article
<button class="social-icon share" data-href="https://x.com/intent/tweet?text=Franklin+Templeton+submits+bitcoin+%26+ethereum+index+ETF+proposal+to+SEC&url=https%3A%2F%2Fcryptobriefing.com%2Fcrypto-etf-proposal-sec%2F&via=crypto_briefing” aria-label=”Share on x“>
<button class="social-icon share" data-href="https://www.facebook.com/sharer.php?u=https%3A%2F%2Fcryptobriefing.com%2Fcrypto-etf-proposal-sec%2F” aria-label=”Share on facebook“>
<button class="social-icon share" data-href="https://telegram.me/share/url?url=https://cryptobriefing.com/crypto-etf-proposal-sec/&text=Franklin+Templeton+submits+bitcoin+%26+ethereum+index+ETF+proposal+to+SEC” aria-label=”Share on telegram”>
<button class="social-icon share" data-href="https://www.linkedin.com/shareArticle?mini=true&url=https://cryptobriefing.com/crypto-etf-proposal-sec/&title=Franklin+Templeton+submits+bitcoin+%26+ethereum+index+ETF+proposal+to+SEC” aria-label=”Share on linkedin”>
<button class="social-icon share" data-href="https://reddit.com/submit?url=https://cryptobriefing.com/crypto-etf-proposal-sec/&title=Franklin+Templeton+submits+bitcoin+%26+ethereum+index+ETF+proposal+to+SEC” aria-label=”Share on reddit”>
