Franklin Templeton Seeks SEC Approval for Crypto Index ETF Tracking Bitcoin and Ethereum

Franklin Templeton, a multinational asset manager, has submitted an amended S-1 filing on February 6, 2025, to the U.S. Securities and Exchange Commission (SEC) seeking approval for a new cryptocurrency index exchange-traded fund (ETF).

The proposed Franklin Crypto Index ETF will initially track Bitcoin and Ethereum, with a weighting of 86.31% Bitcoin and 13.69% Ethereum. The filing suggests the potential for adding other cryptocurrencies in the future, contingent on SEC approval. The ETF is designed to provide institutional and retail investors with exposure to digital assets without being tied to a single cryptocurrency.

If approved, the ETF will be listed on the Cboe BZX Exchange. Franklin Templeton already manages Bitcoin and Ethereum ETFs, valued at $743.7 million and $33.9 million, respectively. The approval of this multi-asset crypto ETF could increase market liquidity and broaden institutional participation in the cryptocurrency market.

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