On February 6, Franklin Templeton Investments announced its pursuit of regulatory approval for launching a new cryptocurrency index exchange-traded fund (ETF), aiming to capitalize on the cryptocurrency trend following Donald Trump's victory in the U.S. presidential election.

During his campaign, Trump advocated for digital assets, vowing to establish the U.S. as the "crypto capital of the planet" and to amass a national stockpile of Bitcoin.

The Securities and Exchange Commission, after resisting ETFs investing in Bitcoin due to investor protection concerns, granted approval for Bitcoin and Ether ETFs last year, opening up opportunities for more investors, including institutional ones, to participate in Bitcoin.

Various companies, such as Solana and XRP, have requested approval for their cryptocurrency ETFs, but their authorization is still pending.

In a regulatory filing on Thursday, Franklin Templeton indicated that their fund, for now, holds only Bitcoin and Ether; the potential inclusion of other digital assets in the future depends on approval from the SEC. This flexibility allows Franklin Templeton to adjust its ETFs based on future approvals by the SEC.