Franklin Templeton has filed for approval of a new Crypto Index ETF with the U.S. Securities and Exchange Commission (SEC). This fund would offer exposure to Bitcoin (BTC-USD) and Ethereum (ETH-USD), currently weighted at 86.31% BTC and 13.69% ETH. According to Cointelegraph, the index will be rebalanced quarterly to reflect market capitalization.
ETF Competition Intensifies
This move adds to the surge in crypto ETF applications since President Donald Trump’s administration took over in January. The timing is key. SEC leadership changes, including the resignation of former Chair Gary Gensler, have created an opening for more pro-crypto initiatives. Acting Chair Mark Uyeda has brought in policy experts from crypto-friendly groups like Coin Center, signaling a shift in regulatory tone.
Bitwise made a similar filing just weeks earlier with its own Bitcoin and Ethereum ETF, and Cboe BZX Exchange also submitted proposals for spot XRP ETFs on behalf of four asset managers.
While the Franklin ETF will only include Bitcoin and Ether for now, the firm acknowledged potential risks from other rising cryptocurrencies like Solana (SOL-USD) and Cardano (ADA-USD). For now, investors are watching closely to see whether this influx of crypto ETF filings will get the regulatory green light.
What Is the Best Bitcoin ETF to Buy?
For investors looking to find the Bitcoin ETFs that best suit their needs, conducting thorough research is crucial. A helpful resource for this is TipRanks’ Compare ETF tool. This tool allows investors to compare various Bitcoin ETFs side-by-side, examining key metrics such as performance history, expense ratios, and assets under management.
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