According to ChainCatcher news, the U.S. SEC has accepted the submission of the amendment for the Franklin Crypto Index ETF, as per official SEC documents. On August 17, Franklin Templeton submitted an S-1 application for the new crypto index ETF, aiming to become a one-stop cryptocurrency portfolio. The Franklin Crypto Index ETF will track the performance of the CF Institutional Digital Asset Index, which currently includes only Bitcoin and Ethereum.If approved, the proposed Franklin Crypto Index ETF will be listed on the Cboe BZX exchange and will use Coinbase Custody Trust Company LLC as its digital asset custodian. The ETF plans to invest in crypto assets with weights similar to those of the underlying index, with the possibility of adding other types of cryptocurrencies in the future. Katalin Tischhauser, Head of Investment Research at Sygnum Crypto Bank, stated that index ETFs are the next logical step for cryptocurrency investment, similar to how investors purchase S&P 500 ETFs. Currently, due to regulatory restrictions, cryptocurrency index ETFs are limited to Bitcoin and Ethereum. The ETF cannot be traded on an exchange until the SEC approves its registration application and allows at least one public stock exchange to list the product.

ChainCatcher news, according to The Block, the SEC has postponed its decision on the Franklin Crypto Index ETF EZPZ, as stated in a document released on Wednesday. Franklin Templeton submitted a registration statement for the Franklin Crypto Index ETF to the agency in August, which will hold both Ethereum and Bitcoin.If approved, the proposed Franklin Crypto Index ETF will be listed on the Cboe BZX exchange and will use Coinbase Custody Trust Company LLC as its digital asset custodian. The SEC stated in the document: "The Commission believes that a longer period should be designated to take action on the proposed rule change, so that there is adequate time to consider the proposed rule change and the issues raised therein."