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Franklin Templeton submits Bitcoin & Ethereum index ETF proposal to SEC

The SEC has received a proposal for the Franklin Templeton Bitcoin & Ethereum Crypto Index ETF, which aims to offer investors exposure to both Bitcoin and Ethereum. Managed by Franklin Templeton, the ETF will hold assets consisting of Bitcoin, Ethereum, cash, and short-term instruments. BNY Mellon will serve as the custodian and transfer agent, while Coinbase Custody will manage the digital assets. The ETF will be the first to hold both Bitcoin and Ether. It will issue shares reflecting the net asset value (NAV) of the fund's holdings. The proposal highlights measures to prevent fraud and manipulation, including oversight agreements with regulated futures markets.

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