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Franklin Templeton has submitted an updated filing with the SEC to launch a Bitcoin exchange-traded fund (ETF). This comes shortly after the SEC’s decision to delay a previous proposal. The Franklin Bitcoin ETF, if approved, would be listed on the New York Stock Exchange’s Arca platform and would aim to track the performance of Bitcoin’s price. The ETF would hold Bitcoin in cold storage with custody provided by Coinbase Custody Trust. While the SEC has previously rejected applications for spot Bitcoin ETFs due to concerns about volatility, liquidity, and manipulation, it has approved several Bitcoin futures ETFs. This updated filing coincides with other major financial institutions, such as Fidelity Investments, Citigroup, and BlackRock, either offering exposure to digital assets or considering expanding their presence in the space.