Franklin Templeton Launches Ethereum ETF, As Per DTCC Data

According to BlockBeats, asset management firm Franklin Templeton has launched a spot Ethereum ETF, named 'Franklin Ethereum TR Ethereum ETF', with the code EZET. The information was revealed by data from the Depository Trust & Clearing Corporation (DTCC). The Create/Redeem column on the DTCC website lists the ETF, indicating its availability for creation and redemption. Franklin Templeton is a global leader in asset management, and the launch of this Ethereum ETF marks a significant step in the firm's expansion into the digital asset space. The ETF, coded as EZET, is now listed on the DTCC website, a major platform for securities transactions in the United States. The listing of the ETF in the Create/Redeem column signifies that it is available for creation and redemption. This is a crucial aspect of ETFs, as it allows for the adjustment of the supply of ETF shares in response to demand, helping to keep the ETF's market price close to its net asset value. This move by Franklin Templeton indicates a growing interest in digital assets among traditional financial institutions. The launch of the Ethereum ETF provides investors with a new way to gain exposure to Ethereum, one of the leading cryptocurrencies, without the need to directly own the digital asset. This could potentially attract more investors to the digital asset market, further driving the growth of the sector.