Franklin Templeton Files for Groundbreaking Bitcoin and Ethereum Index ETF

Franklin Templeton Investments, a trillion-dollar asset manager, has proposed a Bitcoin and Ethereum index exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC).

Named the Franklin Templeton Bitcoin & Ethereum Crypto Index ETF, the fund aims to provide investors with exposure to both leading cryptocurrencies without directly owning them.

The ETF will comprise Bitcoin, Ethereum, and cash equivalents, simplifying access to the crypto market. BNY Mellon will manage the fund, while Coinbase Custody will oversee the digital assets. Its performance will be tracked against the CF Institutional Digital Asset Index.

This ETF is the first to combine Bitcoin and Ethereum in one investment, appealing to both institutional and retail investors. It will be structured in 50,000 share blocks, priced based on the net asset value of the underlying assets, and will not engage in staking.

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Franklin Templeton’s filing reflects its push into blockchain technology, having recently integrated the OnChain U.S. Government Money Market Fund into the Aptos blockchain.

SEC approval is required for the ETF’s launch, with the proposal emphasizing protections against fraud and market manipulation. This move comes amid heightened interest in crypto ETFs, despite regulatory challenges in the U.S.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.