Franklin Templeton proposes Bitcoin, Ethereum ETF merger: What it entails

, a prominent trillion-dollar asset manager, has submitted a proposal to the U.S. Securities and Exchange Commission to establish a

The proposed ETF would include Bitcoin, Ethereum, and cash equivalents—short-term securities maturing in less than three months—allowing investors to engage with these cryptocurrencies without directly owning them.That being said, Franklin Templeton’s proposed Bitcoin and Ethereum Crypto Index ETF would mark the first-ever fund to combine both BTC and ETH in a single index product.

Notably, the ETF will not engage in staking or other income-generating activities with its digital assets, maintaining a straightforward approach to crypto investment.“CSC Delaware Trust Company, a subsidiary of the Corporation Service Company, is the trustee . Bank of New York Mellon is the custodian for the Fund’s cash and cash equivalents16 and also serves as the Fund’s administrator and transfer agent .

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