U.S. asset management firm with $1.6T in AUM looks to launch spot ETH ETF
Franklin Templeton, the trillion-dollar investment firm, has filed an application with the SEC to launch a spot Ether ETF.
The proposed fund will be called the Franklin Ethereum ETF, according to the filing.
![the-defiant](https://thedefiant.io/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F7f279548cc6e8960671cbca5eb051b472059eda4-374x267.png&w=384&q=100 1x, /_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F7f279548cc6e8960671cbca5eb051b472059eda4-374x267.png&w=828&q=100 2x)
ETH is up more than 5% in the past 24 hours, trading above $2,600 for the first time since Bitcoin ETFs were approved a month ago.