It's a historic week for the cryptocurrency markets with spot ether exchange-traded funds making their debut.
Franklin Templeton is one of the nine spot ether ETF applicants which got approval Tuesday from the Securities and Exchange commission.
The firm is behind the Franklin Ethereum ETF (EZET) — now down about 10% since its inception as of Thursday's close. The losses sparked by the sell-off in cryptocurrencies.
"We think they'll be a hit. Whether they're going to get the same amount of assets is... probably unlikely," said David Mann, the firm's head of ETF product and capital markets, told CNBC's "ETF Edge" on Tuesday. "But it's still pretty awesome."
VanEck, a global investment manager, is behind the VanEck Ethereum ETF (ETHV) which also got approval.
CEO Jan Van Eck expects spot ether ETFs will help investors diversify, but he sees a different energy level for spot ether ETFs.
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