Franklin Templeton has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin and Ethereum crypto index exchange-traded fund (ETF) that aims to provide investors with exposure to the two leading cryptocurrencies in a single investment vehicle. The proposed ETF will track an index composed of Bitcoin and Ethereum, with the index methodology and weighting to be determined by Franklin Templeton. The fund will be monitored by BNY Mellon, while Coinbase Custody will provide custody for the underlying crypto assets. The move by Franklin Templeton, a global investment management firm with over $1.5 trillion in assets under management, underscores the growing interest from traditional financial institutions in the cryptocurrency space. If approved by the SEC, the Franklin Templeton Bitcoin and Ethereum Crypto Index ETF would be one of the first such products to be listed on a U.S. stock exchange.

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