Investment firm Franklin Templeton on Monday took an initial step for a spot Ethereum ETF, joining other asset managers already seeking approval from the Securities and Exchange Commission.
"The Authorized Participants will deliver only cash to create Shares and will receive only cash when redeeming Shares," the filing read. Cathie Wood's Ark Invest and 21Shares, Grayscale Investments and BlackRock have all filed for a spot Ethereum ETF over the last few months.
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