Franklin Templeton has officially filed for a multi-asset cryptocurrency exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC), adding to the growing wave of crypto-related ETF applications following the inauguration of President Donald Trump.
The firm’s move reflects the increasing demand for diversified crypto investment vehicles amid regulatory shifts in the financial landscape.
If approved, the Franklin Crypto Index ETF will track the spot prices of Bitcoin (BTC) and Ethereum (ETH), offering investors exposure to both leading digital assets within a single fund.
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The ETF Will be Listed On Cboe BZX Exchange
According to the 6 February 2025 filing, the ETF will be listed on the Cboe BZX Exchange and will be weighted by market capitalization. As of the filing date, Bitcoin made up 86.31% of the index, while Ethereum accounted for 13.69%.
The ETF is set to be rebalanced quarterly in March, June, September, and December to reflect market shifts.
The filing comes just days after Bitwise submitted a similar application for a Bitcoin and Ethereum ETF on 31 January 2025. Franklin Templeton has also indicated that the fund may expand to include other digital assets in the future, but only after receiving regulatory approval from the SEC and Cboe BZX Exchange.
The firm, however, cautioned that there is “no assurance” that any additional cryptocurrencies beyond Bitcoin and Ethereum will be incorporated.
The document outlines several potential risks associated with the fund, including increased competition from emerging cryptocurrencies such as Solana (SOL), Avalanche (AVAX), and Cardano (ADA).
Spot ETF
6 tháng 2
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Source: FARSIDE UK#BTC *FINALGrayscale “Mini” (BTC) + 5.2
Fidelity (FBTC) -103.2
VanEck (HODL) 0.0
— ThuanCapital.eth (@ThuanCapital) February 7, 2025
The growing popularity of these alternative blockchain platforms could impact demand for Bitcoin and Ethereum-based ETFs.
Despite speculation about Solana ETFs, ETF analyst James Seyffart recently suggested that such funds may not launch until 2026, given the SEC’s history of lengthy review processes spanning 240–260 days.
Franklin Templeton’s filing coincided with a Cboe BZX Exchange submission seeking approval for spot XRP ETFs from Canary Capital, WisdomTree, 21Shares, and Bitwise.
This latest wave of ETF applications follows major leadership changes at the SEC, including the resignation of former Chair Gary Gensler on January 20.
The new acting SEC Chair, Mark Uyeda, is seen as more crypto-friendly and recently appointed a policy director from the crypto advocacy group Coin Center to the SEC’s Crypto Task Force.
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Crypto ETF Filings Surge Following Gensler’s Departure
Franklin Templeton’s ETF filing comes at a pivotal time for the SEC and cryptocurrency ETFs, following the resignation of SEC Chair Gary Gensler on Jan. 20.
Gensler, known for his cautious stance on crypto regulations, stepped down amid increasing pressure for greater regulatory clarity in the digital asset space.
His departure has triggered a wave of new crypto ETF filings, including Osprey Funds and REX Shares, which filed for meme coin ETFs covering Dogecoin (DOGE), Official Trump (TRUMP), and Bonk (BONK) on Jan. 21.
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The post Franklin Templeton Files For Multi-Asset Crypto ETF Amid Surge In Post-Trump Crypto Applications appeared first on 99Bitcoins.
