This week in the cryptocurrency sector, Franklin Templeton has entered the Ether ETF market, seeking regulatory approval for a spot Ether exchange-traded fund incorporating staking for additional income.

Joining industry giants like ARK 21Shares, BlackRock, and Fidelity, Franklin Templeton competes for regulatory approval, with decisions expected between May and August.

Meanwhile, Ripple has secured a new custody deal, showcasing ongoing activities and partnerships within the crypto industry.

Bakkt, facing financial challenges, has gained approval to raise capital by issuing more shares over the next three years, highlighting the financial complexities companies navigate in the volatile cryptocurrency space.

Additionally, CoinShares disclosed its Q4 earnings, contributing to the week's significant updates and highlighting the dynamic nature of the cryptocurrency market as institutions old and new seek to expand their offerings and secure their positions within this rapidly evolving landscape.