Ethereum Spot ETF is Franklin Templeton's next move following Bitcoin Spot ETF.

Big Company Bigger Move

     Franklin Templeton is a US based multinational investment company, mostly involved in the business of Mutual funds (MF), and Exchange-traded fund (ETF). Franklin Templeton is one of those big firms who joined Bitcoin Spot ETF as early bird, the ticker of Franklin Bitcoin ETF is EZBC. Now the company has also applied for Ethereum Spot ETF.

Last but not Least

     In this field, Franklin Templeton's move is not the most recent. Applications for the ETH Spot ETF have already been filed by BlackRock, Fidelity, Ark, 21Shares, Grayscale, VanEck, Invesco, Galaxy, and Hashdex, which are already in the field of the Bitcoin Spot ETF. Franklin may fall behind others if it doesn't go for the ETH Spot ETF.

Early Bird to get Ethereum

     Despite Franklin being a very big company, it is far behind in the Bitcoin Spot ETF. but it may not have to wait for the Ethereum Spot ETF, as high transaction fees will encourage Ethereum hodlers to turn to the ETF. Even if Franklin remains behind other firms, it will be among the early birds.