Franklin Templeton Files to Launch 'Franklin Crypto Index ETF' Designed to Provide Investors With a Comprehensive Digital Asset Portfolio

Franklin Templeton, an asset management company, has filed to launch a new exchange-traded fund, ‘Franklin Crypto Index ETF’ designed to provide investors with a comprehensive

Asset management company Franklin Templeton has filed to launch a new exchange-traded fund (ETF) called the ‘Franklin Crypto Index ETF,’ which will offer investors a comprehensive and all-in-one digital asset portfolio.

According to an August 16 filing, the ETF will be linked to the CF Institutional Digital Asset Index, which currently consists of only Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies in the world.

The Fund will invest in the Digital Assets in approximately the same weights as they represent in the Underlying Index and willを目指すことで、その投資目的を達成する予定.

This new product will be among the first crypto index ETFs available on the market. Following the recent launches of Bitcoin and Ethereum-focused ETFs, this type of ETF, which allows investors to hold a basket of cryptocurrencies in a single fund, has garnered increasing attention.

The Franklin Crypto Index ETF will also compete with other similar funds, such as the Hashdex Nasdaq Crypto Index ETF, which is also awaiting approval.

According to Katalin Tischhauser, Head of Investment Research at Sygnum, a crypto bank, these index-based ETFs will facilitate entry into a diverse portfolio, much like traditional index funds like the S&P 500.

However, current regulations limit crypto index ETFs to Bitcoin and Ethereum, as these are the only digital assets that have been approved by the U.S. Securities and Exchange Commission (SEC) for inclusion in ETFs.

Grayscale, the largest crypto fund manager, is also considering launching index and multi-asset ETFs.

In an Aug. 12 filing, Dava alaValle, Grayscale’s global head of ETFs, stated, “Grayscale is going to see a number of more single asset products, and then also certainly some index-based and diversified products”

Also Read: Grayscale Investments Appoints Peter Mintzberg as New CEO

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