- Franklin Templeton is the latest asset manager to apply for a spot Ethereum ETF.
- Kaspa is on a price discovery journey, making it a compelling investment and an investor favorite.
- NuggetRush, an emerging P2E memecoin, is set to explode after its launch.
Currently riding the excitement wave around the anticipation of Ethereum ETFs, Franklin Templeton, a $1.5 trillion asset manager, is the latest to apply for a spot Ethereum ETF. On February 12, the asset manager officially filed for a spot ETH fund, becoming the eighth player vying to introduce this new investment vehicle.
While the US SEC recently approved 11 spot Bitcoin ETF applications on January 10, it appears to be taking its time before giving the nod to Ethereum ETFs. Nevertheless, the regulatory body’s stance on this investment product will be known by May 23, as it either has to approve or deny VanEck’s application.
Amidst this, Kaspa (KAS), one of the market’s top crypto coins, and NuggetRush (NUGX), a top ICO, have emerged as investor favorites. Buzzing with potential, these are the best cryptos to buy now for staggering gains.
NuggetRush (NUGX): The Lambo Dream
NuggetRush (NUGX) is an emerging crypto and one of the most promising new ICOs. The presale has enjoyed tremendous success, and at its current round (five), a token is competitively priced at $0.018. This low entry point and the anticipated bullish trajectory make it arguably the best new crypto to invest in today.
According to analysts’ predictions, it will soar by 55x after launch, which explains why it is an investor favorite. While this is undoubtedly one of its biggest appeals, it stands out more due to its intriguing blend of P2E (play-to-earn) and memes—a P2E memecoin.
Other attractions include its NFT staking with up to 20% APY and governance features. On the cusp of adoption and explosive growth (Lambo), it is one of the best coins to invest in now.
Ethereum (ETH): Franklin Templeton Joins the List of Asset Managers Vying for Ethereum ETFs
Ethereum (ETH) is the second-largest crypto by market capitalization. Following the approval of spot Bitcoin ETFs by the US SEC earlier in January, attention has shifted towards Ethereum ETFs, with many anticipating the green light from Wall Street’s top guy. However, given the SEC’s tardiness—postponing its decisions on several high-profile applications—the wait will persist for a while.
Franklin Templeton is the latest asset manager to show an interest in this investment product after filing an application on February 12. It becomes the eighth player competing to offer this investment vehicle, with BlackRock, Grayscale, and Fidelity, among others, already showing interest.
While the SEC’s stance on spot Ethereum ETFs is unclear—although many are positive after the approval of Bitcoin ETFs—it has to decide by May 23. VanEck was the first asset manager to file for a spot Ethereum ETF, which the regulatory body must either approve or deny by the slated time, which is just a few months away.
Kaspa (KAS): An Investors’ Favorite
Kaspa (KAS) is a proof-of-work (PoW) cryptocurrency with a unique protocol: GHOSTDAG. This makes it stand out from traditional blockchains, thereby fueling demand for its innovative solution and propelling its price.
Despite several big events in the crypto scene, like the recently concluded Jupiter (JUP) and Dymension (DYM) airdrops, Kaspa has managed to stay in the spotlight. This is due to its explosive growth so far this year. With further upside anticipated, KAS is among the best cryptos to invest in.
As a new crypto on a price discovery journey—it recently created an all-time high (ATH) this week—Kaspa is a bullish wave not to miss out on. Simply add some to your crypto portfolio and HODL.
Conclusion
Franklin Templeton’s spot Ethereum ETF application suggests the impending approval of this investment product. Meanwhile, Kaspa and NuggetRush have emerged as altcoins to watch thanks to their massive upside potential and novelty. To participate in the ongoing NUGX presale, click the link below.
