Franklin Templeton Pursues ETF Approval Amid Growing Interest in SOL and XRP

On February 7th, COINOTAG News reported that Franklin Templeton Investments is pursuing regulatory consent to introduce a new cryptocurrency index ETF. This development aligns with a growing trend as multiple companies seek approval for ETFs that encompass various digital assets beyond Bitcoin and Ethereum, including SOL and XRP. Notably, the approval status for these proposed ETFs remains unresolved. In a recent regulatory disclosure, Franklin Templeton noted, “The fund may currently not hold any digital assets other than BTC and ETH. It is currently uncertain whether any additional digital assets will be added to the underlying index in the future.” The potential approval of other cryptocurrency ETF applications by the U.S. SEC could grant Franklin the flexibility to modify its ETF strategy, elevating its competitive stance in the evolving crypto investment space.