Franklin Templeton Files for Spot Ether ETF, Signaling Crypto Market Expansion

The investment firm's SEC filing marks a significant move into the cryptocurrency space, with potential staking rewards for investors.

Franklin Templeton has filed with the SEC to launch a spot ether ETF, joining other major firms in the race.
The proposed ETF aims to provide a convenient investment option in ether, mirroring direct investments but with fewer operational burdens.
Staking rewards from ether tokens may be treated as income for the fund, a feature not present in all competitors' filings.
Experts anticipate a 60% chance of SEC approval for spot ETH ETFs by May, a decision that could set a precedent for future crypto ETFs.
The move reflects Franklin Templeton's growing interest in the cryptocurrency market, following its launch of a bitcoin ETF.