Franklin Templeton, a well-known global investment bank, has recently submitted an application for an Ethereum spot ETF to the SEC, becoming the eighth major institution to enter the market.
Background:
Standard Chartered Bank: Ethereum spot ETF to be approved by the SEC on May 23, ETH surges to $4,000.
Table of Contents:
Showing “Laser Eyes” to Embrace Cryptocurrency
Praising the Potential of SOL
Transitioning to Cryptocurrency Investment Banking?
Bitcoin and Ethereum have become Wall Street’s delicacies. Following the SEC’s opening of the Bitcoin spot ETF gate, various institutions are now rushing to the next target: Ethereum spot ETF.
Franklin Templeton, a globally renowned investment bank, has currently submitted an application for an Ethereum spot ETF to the SEC, joining institutions such as BlackRock, Fidelity, and Grayscale in the race for this lucrative opportunity.
In this application, Franklin Templeton specifically mentioned that Ethereum staking rewards may become one of the sources of income for the spot ETF.
In January, Franklin Templeton posted a photo of “laser eyes” on its Twitter account, showing Benjamin Franklin’s eyes on the US hundred-dollar bill emitting lasers. Benjamin Franklin is also the logo character of Franklin Templeton, clearly expressing their embrace of cryptocurrencies.
Jenny Johnson, the CEO of Franklin Templeton, also praised the approval of the Bitcoin spot ETF in a post, stating that she had set the “laser eyes” photo as her phone wallpaper. She pointed out that Franklin Templeton has been involved in blockchain and cryptocurrencies for the past five years, not only participating in development and node establishment but also recognizing blockchain and cryptocurrencies as practical technologies of the future.
Franklin Templeton’s Twitter account is filled with blockchain insights, such as tweets mentioning:
DeFi
Meme coins
NFT innovation
Firedancer (Solana’s second validation client software)
As an investment management institution with assets under management exceeding $1.7 trillion and over 75 years of operation, Franklin Templeton’s official Twitter account seems somewhat different from its peers, with a very close attitude towards cryptocurrencies and blockchain. For example, the following posts can be seen:
“Private chains are another way for intermediaries to re-pledge.”
“In crypto, speculation is a feature, not a flaw.”
(Attached images)
“We will continue to support, monitor, and develop these networks beyond Bitcoin, Ethereum, and Solana until they mature.”
“We have heard everything you (the crypto community) said, it’s just that our legal team doesn’t allow us to respond.”
(Attached images)
Related Reports:
SEC delays Invesco/Galaxy Ethereum spot ETF! Bloomberg analyst reiterates that May 23 is the key.
JPMorgan: Grayscale GBTC has lower liquidity than the Bitcoin spot ETFs of BlackRock and Fidelity.