Franklin Templeton Launches Bitcoin and Ethereum Index ETFs
Franklin Templeton has announced the launch of an exchange-traded fund (ETF) that holds both spot bitcoin and Ethereum.
The Franklin Crypto Index ETF (EZPZ) is the second cryptocurrency index ETF to enter the US market, following the launch of the Nasdaq Crypto Index US ETF (NCIQ) by asset manager Hashdex on February 14.
The EZPZ fund holds a basket of assets referenced by the U.S. CF Institutional Digital Asset Index. As of Feb. 20, the index tracked only Bitcoin and Ethereum. According to CF Benchmarks data, as of Feb. 20, the market cap-weighted index consisted of approximately 87% BTC and 13% ETH.
Franklin Templeton plans that EZPZ will hold more cryptocurrencies in the future, eventually providing U.S. investors with a'one-stop 'crypto portfolio as the index expands.