Franklin Templeton Launches Franklin Ethereum ETF (EZET) and Predicts Growth in the Cryptocurrency Industry
- Franklin Templeton says Solana has shown “widespread adoption and continued maturation”
- The asset manager launches its second digital asset-backed ETF: Franklin Ethereum ETF (EZET)
- Franklin Templeton has agreed to completely waive fees on the first $10 billion of fund assets through January 2025
Franklin Templeton has expressed confidence in the development of cryptocurrency exchange-traded funds (ETFs) and is optimistic about the future of the industry. In a recent post, the asset manager highlighted the potential beyond Bitcoin and Ethereum, emphasizing other promising developments that will drive the cryptocurrency space forward.
According to Franklin Templeton, Solana has gained significant adoption and continues to mature, demonstrating the potential of high-throughput, monolithic architectures.
Launch of Ethereum ETF
Following the successful launch of the Spot Bitcoin ETF earlier this year, Franklin Templeton has introduced its second digital asset-backed ETF, the Franklin Ethereum ETF (EZET), listed on the Chicago Board Options Exchange (Cboe).
Patrick O’Connor, Global Head of ETFs at Franklin Templeton, expressed pride in expanding their digital asset ETF lineup with EZET, providing clients with greater access to the growing digital asset industry through a regulated fund structure.
As part of the launch, Franklin Templeton has waived fees on the first $10 billion of fund assets until January 2025, aiming to attract investors to the new offering.
Solana ETF Expectations
Cboe has submitted applications to list spot Solana ETFs, similar to Bitcoin and Ethereum funds. The SEC has until March 2025 to make a decision on these applications, with expectations of boosting investor interest in Solana and its potential for growth.
The emergence of new ETF options in the cryptocurrency market, including Ethereum and potentially Solana, indicates a growing investor appetite for digital assets and a desire for regulated investment opportunities in the industry.
