BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Ethereum’s Big Leap: $1.5 Trillion Manager Files for Spot Ethereum ETF

Michael Juanico by Michael Juanico
February 12, 2024
in CRYPTO, FEATURED, INVESTING
Reading Time: 3 mins read
1
SHARES
23
VIEWS
Share on XShare in TelegramShare on Reddit
  • Asset management firm Franklin Templeton has filed for approval of a spot Ethereum ETF, joining other major firms seeking first-mover advantage in bringing an SEC-approved Ether fund to market.
  • Franklin Templeton’s proposed ETF would hold Ether tokens directly, allowing it to closely track Ethereum’s price movements – a model established by the first bitcoin ETF issuers.
  • Approval of Ethereum ETFs could provide a significant boost to Ether’s price due to increasing investor demand, as seen in the bitcoin ETF market.

The race for regulatory approval of a spot Ethereum exchange-traded fund (ETF) has officially begun. Asset management titan Franklin Templeton has become the latest firm to file for a spot Ethereum ETF, joining the likes of Grayscale, Fidelity, and ARK Invest in seeking the lucrative first-mover advantage in bringing an SEC-approved fund to market. With bitcoin ETFs now trading in the US, an Ethereum fund seems the obvious next step.

JUST IN: $1.5 Trillion Franklin Templeton files for a Spot Ethereum ETF, via @JSeyff

— BlockNews.com (@blocknewsdotcom) February 12, 2024

Filing Follows Familiar Playbook Set by Bitcoin ETF Pioneers

Franklin Templeton filed for approval of the Franklin Ethereum Trust, structured as a Delaware statutory trust. The proposed ETF would hold Ether tokens directly, allowing it to closely track the cryptocurrency’s price movements. This follows the model established by the first bitcoin ETF issuers in their successful efforts to win SEC approval.

The flood of Ethereum ETF applications comes in anticipation of eventual approval, given the SEC’s warming stance toward crypto investment vehicles. However, regulators may take a more cautious approach to greenlighting an ether fund compared to bitcoin, which could mean a lengthy wait before launch.

Ethereum Price Could See Boost From ETF Trading

Ethereum saw only modest gains compared to bitcoin in the lead-up to the SEC approving the first bitcoin ETFs. Some analysts believe an approved Ethereum ETF could have an even greater impact on Ether’s price due to the relative immaturity of ether futures markets.

The launch of bitcoin ETFs last year kicked off a surge in trading volumes and inflows, demonstrating substantial pent-up investor demand. Early approved Ethereum ETFs could enjoy a similar popularity boost, creating positive price pressure on Ether.

Conclusion

Franklin Templeton’s ETF application is just the latest sign of the growing appetite among mainstream financial institutions to offer crypto exposure to their clients. As the blockchain industry continues to mature, more and more traditional asset managers seem ready to dip their toes into the crypto waters. While Ethereum ETF approval may still be months away, Franklin Templeton’s filing suggests the starting gun has been fired on the race to bring the first spot Ether fund to US investors.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Ark Investbitcoin etfsFranklin Templetongrayscalespot Ethereum exchange-traded fund
TweetShareShare
Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

DON'T MISS THESE! HOT OFF THE PRESS

World Liberty Financial: A Comprehensive Overview
CRYPTO

World Liberty Financial: A Comprehensive Overview

September 2, 2025
Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump
CRYPTO

Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump

September 2, 2025
Strategy Expands Bitcoin Treasury: 4,048 BTC Added in $449M Purchase
BITCOIN

Strategy Expands Bitcoin Treasury: 4,048 BTC Added in $449M Purchase

September 2, 2025
VeChain Price Prediction: Can VET Hit $0.035 in September 2025?
CRYPTO

VeChain Price Prediction: Can VET Hit $0.035 in September 2025?

September 2, 2025
Musk’s DOGE Treasury Push: A $200M Dogecoin Fund on the Horizon
CRYPTO

Musk’s DOGE Treasury Push: A $200M Dogecoin Fund on the Horizon

September 2, 2025
XRP and JP Morgan: Why This News Is Shaking Things Up
CRYPTO

XRP and JP Morgan: Why This News Is Shaking Things Up

September 2, 2025
Load More

Related News

World Liberty Financial: A Comprehensive Overview

World Liberty Financial: A Comprehensive Overview

September 2, 2025
Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump

Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump

September 2, 2025
Strategy Expands Bitcoin Treasury: 4,048 BTC Added in $449M Purchase

Strategy Expands Bitcoin Treasury: 4,048 BTC Added in $449M Purchase

September 2, 2025
VeChain Price Prediction: Can VET Hit $0.035 in September 2025?

VeChain Price Prediction: Can VET Hit $0.035 in September 2025?

September 2, 2025
Musk’s DOGE Treasury Push: A $200M Dogecoin Fund on the Horizon

Musk’s DOGE Treasury Push: A $200M Dogecoin Fund on the Horizon

September 2, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews