Franklin Templeton is making progress with respect to its spot Ethereum ETF as the United States options exchange CBOE has filed a 19b-4 on its behalf.
Franklin Templeton is One Step Closer in Spot Ethereum ETF Race
Usually, a 19b-4 is a form used to propose a rule change—documentation that is required when a stock exchange intends to list a new spot ETF product, in this case, Ethereum. Apart from containing details of the proposed rule change, Form 19b-4 also includes clear information on the potential impact of the rule change. It is filed with the SEC by the national securities exchange.
More than a week ago, Franklin Templeton indicated its interest in offering spot Ethereum ETF by submitting a filing with the U.S. SEC. This was after leading investment asset management firms BlackRock and Ark Invest submitted similar documents to the securities watchdog. Franklin Templeton looked forward to offering an alternative to ETH investment to simplify the process of purchasing, holdi
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