Franklin Templeton Expands Crypto Offerings with Weighted Bitcoin-Ethereum ETF ‘EZPZ’

Last updated:

Crypto Reporter

Shalini Nagarajan

Crypto Reporter

Shalini Nagarajan

About Author

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Last updated:

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Franklin Templeton

Franklin Templeton is strengthening its presence in the crypto investment space with the launch of the Franklin Crypto Index ETF, trading under the ticker EZPZ.

This new exchange-traded fund (ETF), which debuted on the Cboe BZX exchange on Thursday, offers investors a weighted exposure to both Bitcoin and Ethereum.

The ETF tracks the performance of the two leading cryptocurrencies based on CF Benchmark’s Institutional Digital Asset Index. This index, introduced last year, focuses on digital assets that align with major financial regulations and established capital market standards.

As of Feb. 20, the ETF holds about 87% Bitcoin and 13% Ethereum, reflecting their respective market capitalizations. Coinbase manages custody for the fund, providing institutional-grade security for investors.

EZPZ Joins Franklin Templeton’s Growing Digital Asset Suite

EZPZ is Franklin Templeton’s latest addition to its growing lineup of digital asset investment products. It follows the successful launches of the Franklin Bitcoin ETF (EZBC) in Jan. 2024 and the Franklin Ethereum ETF (EZET) in July 2024.

“With EZPZ, we’re offering a simple low-cost, way to gain exposure to this growing and important asset class.” said Roger Bayston, digital assets head at Franklin Templeton.

Crypto ETFs Gain Momentum Amid US Policy Changes

The launch of Franklin Templeton’s latest ETF comes amid a shifting regulatory environment in the US. The SEC greenlit both Franklin Templeton’s and asset manager Hashdex’s crypto index ETFs in December, signaling a more open approach to digital assets.

Hashdex’s Nasdaq Crypto Index US ETF (NCIQ) hit the market on Feb. 14, making EZPZ the second crypto index ETF to enter the space in quick succession.

The changing regulatory landscape follows a significant shift in US leadership. After securing victory in the 2024 elections, Donald Trump assumed office on Jan. 20, vowing to position the US as the “world’s crypto capital.”

Since then, asset managers have ramped up filings for ETFs tracking altcoins such as Solana, XRP and Litecoin, anticipating further regulatory clarity and market expansion.

You May Also Like