Search Results for keywords:"Franklin Crypto Index ETF"

The Securities and Exchange Commission received a proposal from the Cboe BZX Exchange, Inc. to change the rules for the Franklin Bitcoin ETF, Franklin Ethereum ETF, and the Franklin Crypto Index ETF to allow in-kind creations and redemptions. This change would let authorized participants use Bitcoin and Ethereum instead of cash to create or redeem shares, potentially making the funds operate more efficiently by reducing market impact. The proposal aims to improve the way these funds are traded by allowing more flexibility in handling Bitcoin and Ethereum, thus benefiting both the market and investors. The Commission is asking for public comments on this proposal before making a decision.

Cboe BZX Exchange, Inc. has proposed a rule change to the Securities and Exchange Commission (SEC) to allow the Franklin Crypto Index ETF to stake ether, the cryptocurrency of the Ethereum network. Staking involves locking ether to help validate transactions on the Ethereum blockchain, which can result in earning additional ether as rewards. This change is expected to make the ETF more efficient by allowing it to generate more returns for its investors, similar to how dividends work with traditional stocks. The proposal notes that this activity will not impact competition and invites public comments before the SEC finalizes its decision.

The document is a notice from the Securities and Exchange Commission about the Cboe BZX Exchange's proposed rule change to list and trade shares of the Franklin Crypto Index ETF. This ETF is part of the Franklin Crypto Trust and will include both bitcoin and ether. The notice outlines the proposed rule change, its purpose, and the safeguards in place to prevent fraud and manipulation. The public is invited to comment on this proposal by January 16, 2025.

The Securities and Exchange Commission (SEC) approved proposals from Nasdaq Stock Market LLC and Cboe BZX Exchange, Inc. to list and trade new Exchange-Traded Funds (ETFs) called the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF. These ETFs will hold both spot bitcoin and spot ether as their underlying assets. The SEC concluded that the exchanges have adequate measures to prevent fraud and manipulative practices, ensuring the safety and fairness of trading these shares. The approval of the Franklin ETF was expedited due to its similarities with previously approved ETFs.