Franklin Templeton has officially filed for a spot Ethereum exchange-traded fund .The Chicago Board Options Exchange submited the latest 19b-4 form on behalf of Franklin Templeton for its Ethereum spot ETF application to the U.S. Securities and Exchange Commission.

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ETFs are investment funds that trade on stock exchanges and aim to track the performance of a specific asset or group of assets, such as stocks, bonds, or in this case, Ethereum. Spot ETFs, in particular, track the price of the underlying asset directly, rather than using derivatives.