Franklin Templeton Strikes Again with Ethereum Spot ETF: Embracing the Crypto Community with “Laser Eyes,” Applauding SOL’s Tremendous Potential

Franklin Templeton has submitted an application for an Ethereum spot ETF to the SEC, becoming the eighth major institution to enter the market. Following the SEC’s opening of the Bitcoin spot ETF gate, institutions such as BlackRock, Fidelity, and Grayscale are now rushing towards the next target, Ethereum spot ETF. Franklin Templeton, a globally renowned investment bank, has now filed an application for an Ethereum spot ETF with the SEC, joining the competition with institutions such as BlackRock, Fidelity, and Grayscale for this lucrative opportunity. In their application, Franklin Templeton specifically mentioned that Ethereum’s staking income could “potentially” become one of the revenues for the spot ETF. The CEO of Franklin Templeton, Jenny Johnson, previously praised the approval of the Bitcoin spot ETF and expressed the company’s long-standing interest in blockchain and cryptocurrency, having been involved in development and node infrastructure for five years. Franklin Templeton’s official Twitter account reflects their close alignment with the crypto community, with tweets discussing blockchain insights such as DeFi, meme coins, NFT innovation, and Solana’s Firedancer. As an asset management institution with over $1.7 trillion in assets under management and over 75 years of operation, Franklin Templeton’s official Twitter account stands out from its peers in its attitude towards cryptocurrency and blockchain, with posts such as “Private chains are another way for intermediaries to re-pledge” and “In crypto, speculation is a feature, not a flaw.” They also express their support for and commitment to developing networks beyond Bitcoin, Ethereum, and Solana’s L1, stating that they will continue to support, monitor, and develop these networks until they mature.