Franklin Templeton, a giant in asset management with $1.5 trillion under its wing, is stepping into the crypto space by applying for a spot Ether (ETH) exchange-traded fund (ETF) in the United States.

This move, signaled through an S-1 filing with the United States Securities and Exchange Commission (SEC) on February 12, aims to list the “Franklin Ethereum ETF” on the Chicago Board Options Exchange.

Unique to its strategy, Franklin Templeton plans not only to offer investment in Ethereum but also to incorporate staking within its ETF.

This approach would allow trust members to generate additional income, marking a notable venture into blending traditional investment mechanisms with the burgeoning field of cryptocurrency staking.