Franklin Templeton, a major asset manager, has submitted a filing to the U.S. Securities and Exchange Commission (SEC) for a multi-asset cryptocurrency exchange-traded fund (ETF). The proposed Franklin Crypto Index ETF aims to provide investors with exposure to spot Bitcoin (BTC) and Ether (ETH), the two largest cryptocurrencies by market capitalization.

According to the February 6 filing, the ETF would be listed on the Cboe BZX Exchange and track an index weighted by market cap. As of the filing date, the index comprised 86.31% BTC and 13.69% ETH. The ETF is set to be rebalanced quarterly in March, June, September, and December.

Crypto ETF Filings Gain Momentum

Franklin Templeton’s move follows Bitwise Asset Management‘s January 31 application for a similar product, the Bitwise Bitcoin and Ethereum ETF. The surge in ETF filings comes after significant leadership changes at the SEC, including the resignation of former Chair Gary Gensler on January 20.

The regulatory shift under Acting SEC Chair Mark Uyeda has fueled speculation about a more crypto-friendly environment. Uyeda recently appointed a policy director from crypto advocacy group Coin Center to the SEC’s Crypto Task Force, suggesting a potential softening stance on digital assets.

Potential Expansion Beyond BTC and ETH

Franklin Templeton’s filing also hints at the possibility of adding more cryptocurrencies to the ETF in the future. However, this expansion would depend on regulatory approval, and the firm cautioned that there is no guarantee that assets beyond BTC and ETH will be included.

The application acknowledges risks posed by emerging cryptocurrencies like Solana (SOL), Avalanche (AVAX), and Cardano (ADA), which could compete with BTC and ETH for investor attention. Despite increasing demand for Solana-based ETFs, analysts like James Seyffart predict that regulatory approval for such products might not come until 2026.

Cboe BZX Sees Multiple ETF Filings

On the same day as Franklin Templeton’s filing, the Cboe BZX Exchange received 19b-4 applications for spot XRP ETFs from four asset managers—Canary Capital, WisdomTree, 21Shares, and Bitwise. This reflects growing institutional interest in launching crypto ETFs in the U.S. market.

As regulatory dynamics continue to evolve, Franklin Templeton’s move signals increasing confidence in crypto ETFs, paving the way for broader institutional adoption of digital assets.