The American investment fund Franklin Templeton, which manages assets worth more than $1.5 trillion, is preparing to file an application for registration of a new product with the US Securities and Exchange Commission (SEC).

The new spot exchange-traded fund will be different from existing Bitcoin and Ethereum-based ETFs on the market. The product will need to provide market participants with the opportunity to invest in altcoins and have a staking function.

Franklin Templeton’s spot Bitcoin ETF, EZBC, currently ranks ninth in terms of funds under management among BTC ETFs. The fund has attracted more than $435 million in investor funds. Franklin Templeton is among the companies whose Form 19b-4 applications for ETH-ETF were approved by the regulator.

Representatives of the company claim that the new exchange product with the staking function will attract even more investors, and expect that the SEC will approve the application in the near future.

Previously, Franklin Templeton analysts suggested that Solana (SOL) has a chance to take third place in market capitalization among all cryptocurrencies.