{"id":11858,"date":"2024-02-12T23:19:46","date_gmt":"2024-02-12T23:19:46","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=11858"},"modified":"2024-02-12T23:21:05","modified_gmt":"2024-02-12T23:21:05","slug":"franklin-templeton-files-for-spot-ethereum-etf-joining-the-race","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/franklin-templeton-files-for-spot-ethereum-etf-joining-the-race\/","title":{"rendered":"Franklin Templeton Files for Spot Ethereum ETF, Joining the Race"},"content":{"rendered":"

As it is known, about 7 companies, including BlackRock and Grayscale, have filed for a Spot Ethereum ETF<\/strong>. Now, a new company has joined the race.<\/p>\n

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Franklin Templeton<\/strong>, a large investment firm with $1.5 trillion in assets under management<\/strong>, has officially announced its filing for a spot Ethereum ETF.<\/p>\n

The U.S. Securities and Exchange Commission (SEC)<\/strong> has already approved a spot Bitcoin ETF. Now, all eyes are on the approval of Ethereum ETF, and investors believe it will happen soon.<\/p>\n

The approval is expected to come by May 23rd<\/strong>, which is also the deadline for the SEC to review VanEck’s Ethereum ETF application.<\/p>\n

Bloomberg ETF analysts and Standard Chartered (British bank) analysts<\/strong> believe that there is a 70% chance<\/strong> of Ethereum ETF approval.<\/p>\n

They also reference the mass acceptance of Bitcoin ETFs in January<\/strong> and believe that the same will happen for Ethereum ETFs. They predict that the Ethereum price could reach $4,000<\/strong> if this happens.<\/p>\n

Current Market Data for ETH<\/strong> shows that the price is around $2657<\/strong>.<\/p>\n

\"ETH<\/p>\n

Companies That Have Filed for Spot Ethereum ETF<\/strong><\/p>\n