Franklin Templeton joins the spot Ethereum ETF race

Franklin Templeton wants to incorporate staking into its Ether ETF, which would enable members of the trust 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 (SEC) 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.

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