This week’s headlines include Franklin Templeton’s entry into the Ether ETF race, Ripple’s new custody deal, Bakkt’s sale of securities and CoinShares’ Q4 earnings.
Trillion-dollar asset manager Franklin Templeton is jumping on another crypto product, now seeking approval for a spot Ether exchange-traded fund (ETF). Akin to ARK 21Shares, Franklin wants to incorporate staking into its Ether ETF to generate additional income, according to its filing on Feb. 12.
The companies are vying with BlackRock, VanEck, Fidelity, Invesco Galaxy, Grayscale and Hashdex for regulatory approval, with final decisions due between May and August.
This week’s headlines also include Bakkt’s approval to raise capital. With cash running low, the company sought permission from regulators to issue more shares over the next three years.
