Franklin Templeton wants to incorporate staking into its Ether ETF, enabling shareholders to earn additional income.
Franklin Templeton has become the latest Wall Street firm to apply for a spot Ether (ETH) exchange-traded fund in the United States.
The $1.5 trillion dollar asset management firm submitted the S-1 filing with the United States Securities Exchange Commission on Feb. 12. If approved, it would be listed as “Franklin Ethereum ETF” on the Chicago Board Options Exchange.
Interestingly, Franklin signaled its intention to stake a portion of the ETF’s Ether to produce additional income, similar to ARK 21Shares’ revised S-1 filing last week.