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As it is known, about 7 companies, including BlackRock and Grayscale, have filed for a Spot Ethereum ETF. Now, a new company has joined the race.
Franklin Templeton, a large investment firm with $1.5 trillion in assets under management, has officially announced its filing for a spot Ethereum ETF.
The U.S. Securities and Exchange Commission (SEC) has already approved a spot Bitcoin ETF. Now, all eyes are on the approval of Ethereum ETF, and investors believe it will happen soon.
The approval is expected to come by May 23rd, which is also the deadline for the SEC to review VanEck’s Ethereum ETF application.
Bloomberg ETF analysts and Standard Chartered (British bank) analysts believe that there is a 70% chance of Ethereum ETF approval.
They also reference the mass acceptance of Bitcoin ETFs in January and believe that the same will happen for Ethereum ETFs. They predict that the Ethereum price could reach $4,000 if this happens.
Current Market Data for ETH shows that the price is around $2657.
