18 Mar 2025
📈SEC Proposal for Staking in Franklin Crypto Index ETF
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend the Rule Governing the Listing and Trading of Shares of the Franklin Crypto Index ETF To Permit Staking
Summary
The SEC published a notice regarding Cboe BZX Exchange's proposed rule change to allow staking of ether held by the Franklin Crypto Index ETF. This amendment aims to enhance profitability for the Fund, enabling it to earn staking rewards, ultimately benefiting investors through improved financial returns and greater operational flexibility.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change allows the Franklin Crypto Index ETF to engage in staking activities, which may enhance revenue opportunities for the Fund and its investors. This impacts business owners and executives involved in crypto and asset management by potentially increasing the attractiveness and profitability of crypto-related investment products.