Franlin Templeton Launches Digital Asset ETFs
- Franklin Templeton says Solana has shown “widespread adoption and continued maturation”
- The asset manager launches its second digital asset-backed ETF: Franklin Ethereum ETF (EZET)
- Franklin Templeton has agreed to completely waive fees on the first $10 billion of fund assets through January 2025
Franklin Templeton recently announced the launch of its second digital asset-backed ETF, the Franklin Ethereum ETF (EZET). This development comes on the heels of the successful release of the Spot Bitcoin ETF earlier this year, signaling the asset manager’s commitment to the digital asset market.
Confidence in Cryptocurrency ETFs
Franklin Templeton expressed confidence in the future of cryptocurrency exchange-traded funds (ETFs), citing “exciting and significant developments” that are driving the industry forward. The asset manager believes that beyond Bitcoin and Ethereum, there are other innovative projects shaping the cryptocurrency space.
In a recent post, Franklin Templeton highlighted its enthusiasm for the Solana ETF, praising the platform’s widespread adoption and growth. The asset manager sees Solana as a promising player in the crypto market, with its high-throughput capabilities and resilient architecture.
Fee Waivers and Market Impact
As part of its commitment to investors, Franklin Templeton has announced a fee waiver on the first $10 billion of fund assets for the Franklin Ethereum ETF until January 2025. This move aims to attract more investors to the digital asset space and provide them with access to innovative investment opportunities.
The launch of the Ethereum ETF has already made a significant impact on the market, with over $1 billion worth of trades on the first day of issuance and a net inflow of $106.7 million. This demonstrates the growing demand for digital asset investment options among institutional and retail investors alike.
Overall, Franklin Templeton’s foray into digital asset ETFs signals a new era of innovation and growth in the cryptocurrency industry, paving the way for more diverse and accessible investment opportunities for a wider range of investors.
