Trillion-dollar asset manager Franklin Templeton has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin and Ethereum index exchange-traded fund (ETF).
The fund, named the Franklin Templeton Bitcoin & Ethereum Crypto Index ETF, seeks to provide investors with combined exposure to both Bitcoin and Ethereum, two of the largest digital assets in the market.
Franklin Templeton Files for Bitcoin & Ethereum Index ETF
According to a recent filing, Franklin Templeton aims to introduce a new ETF that will track the performance of Bitcoin and Ethereum through a single fund.
The ETF’s underlying assets will include Bitcoin, Ethereum, cash, and short-term instruments with a maturity of fewer than three months. This fund will allow investors to gain exposure to both cryptocurrencies without needing to directly hold the digital assets.
BNY Mellon, a major player in global financial services, will act as both the custodian and transfer agent for the fund, while Coinbase Custody will manage the ETF’s digital assets. The proposed ETF will be benchmarked to the CF Institutional Digital Asset Index, which tracks the performance of Bitcoin and Ethereum based on prevailing market conditions.
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The post Just In: Franklin Templeton Files For Bitcoin & Ethereum Index ETF With US SEC appeared first on CoinGape.
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