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Franklin Templeton joins seven other ETF providers in the race to introduce spot Ethereum ETFs, after all contenders rolled out spot Bitcoin products in January.
Currently, there are 12 spot Bitcoin ETF applicants awaiting a decision from the Securities and Exchange Commission (SEC).
Crypto ETFs and ETPs gained net inflows of $425m throughout June, leaving AUM in the sector 56.3% higher than at the start of the year.
BlackRock's CEO talked up bitcoin last week, with the asset management giant in the process of launching a fund that tracks the cryptocurrency.
VettaFi's Dave Nadig joined "ETF Edge" host Bob Pisani Monday to chat crypto, the SEC, and the ongoing Grayscale case against the regulator.