NEW: Franklin Templeton Introduces Ethereum ETF, Available on DTCC

Franklin Templeton, a giant in asset management with assets worth $1.5 trillion, has launched its Ethereum exchange-traded fund (ETF), the “Franklin Ethereum TR Ethereum ETF,” listed as EZET on the Depository Trust and Clearing Corporation (DTCC) website. This listing signifies readiness for trading and adjusting share supply based on market demand, although it doesn’t imply SEC approval. Despite this, it positions Franklin Templeton alongside leading firms like BlackRock and Grayscale in the Ethereum ETF race.

The SEC has delayed its decision on the ETF, now set to conclude by June 11. This extension reflects a cautious stance similar to earlier Bitcoin ETF evaluations. Analysts speculate a 35% approval chance by May, influenced by SEC Chair Gary Gensler’s views on Ethereum. Franklin Templeton’s foray into Ethereum funds suggests a strategic alignment with evolving cryptocurrency market trends, potentially paving the way for new investment opportunities in the digital asset space.


41.2K Reads