Franklin Templeton is the latest to launch a Spot Ethereum ETF in the US.

Franklin Templeton becomes latest Wall Street firm to file to launch Spot Ethereum ETF in the United States. The company manages assets valued at $1.5 trillion.SubmitThe S-1 was filed with the U.S. Securities and Exchange Commission (SEC) on February 12, and if approved, the “Franklin Ethereum ETF” will be listed on the Chicago Board Options Exchange.

Source: US SEC

Interestingly, Franklin signaled his intention to stake a portion of the ETF’s Ether to generate additional income. Similar to ARK 21Shares’ S-1 filing last week.

Franklin expects to stake Ether from the trust’s old storage wallet, and the trust will receive staking rewards, which is considered revenue as a result.

BlackRock, VanEck, Fidelity, Invesco Galaxy, Grayscale and Hashdex are other Ether ETF candidates vying for US SEC approval.

The US SEC must decide on VanEck’s applications by May 23, ARK 21Shares by May 24, Hashdex by May 30, Grayscale by June 18 and Invesco by July 5.

Fidelity’s and BlackRock’s applications must be decided by August 3 and August 7. However, Bloomberg ETF analyst James Seyffart expects a decision on all applicants to be made by May 23, similar to the previous filing. Spot BTC ETF

refer : cointelegraph.com
picture pintu.co.id

The post Franklin Templeton files latest request to launch Spot Ethereum ETF in the US appeared first on Bitcoin Addict.

source site