Franklin Templeton, a leading asset management firm, joins a wave of financial entities seeking approval for a spot Ethereum exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The ETF, facilitated by Coinbase Custody Trust Company and Bank of New York Mellon, aims to simplify Ethereum investment for American investors. If approved, it could mirror the success of Bitcoin ETFs, potentially boosting Ether’s price, which currently stands at $2,660, up 6.2% in 24 hours.