Franklin Templeton starts a Bitcoin and Ethereum Index ETF
Franklin Templeton starts a Bitcoin and Ethereum Index ETF
- Franklin Templeton launched EZPZ ETF tracking of Bitcoin and Ether.
- The EZPZ ETF is the second US crypto index -etf.
- The other crypto index is the Nasdaq Crypto Index US ETF (NCIQ) from Hashdex.
Franklin Templeton, a prominent global asset manager, has introduced a new stock market fund (ETF) that is exposed to investors both Bitcoin (BTC) and Etherum's Ether (Eth).
announced on February 20, 2025, the Franklin Crypto Index ETF, which is under the Ticker EZPZ, marks the second crypto index ETF, which is in the United State on February 14th.
The Franklin Bitcoin and Ether Index Etf
The EZPZ fund is developed to pursue the US CF Institutional Digital Asset Index, a market capitalization weight.
The index Bitcoin, which currently costs 98,706 US dollars, has about 87% of its weighting, while Ether, worth $ 2,755, corresponds to around 13%.
Franklin Templeton has emphasized that this ETF offers investors an optimized opportunity to achieve these leading digital assets without the complexity of direct purchase and management.
With regard to the future, Franklin Templeton plans to expand the stocks of the fund, since additional cryptocurrencies are included in the underlying index, subject to official approval. This future-oriented approach positions EZPZ as a potential “one-stop shop” for US investors who are looking for a diversified crypto portfolio via a single investment vehicle.Franklin Templeton looks forward to the start $ ezpz Traded Product (ETP), which is exposed to Bitcoin and ether without the direct purchase being bought directly.
This innovative offer plans to add new digital assets, since for the inclusion in… pic.twitter.com/1sne7mkmht
- Franklin Templeton Digital Assets (@ftda_us) 20. February 2025
The start of EZPZ takes place in a wave of ETF developments in cryptocurrency in the USA. The NCIQ of Hashdex, which deals with the Nasdaq, focuses on Bitcoin and ether with the plans to expand its scope over time.
The broader market also has an increase in ETF applications in the whole of 2024, whereby asset managers presented proposals for funds that are bound to old coins such as Solana (Sol), XRP and Litecoin (LTC).
In October, NYSE Arca applied for approval to list a Grayscale ETF based on the Graycale Digital Large Cap Fund, a diversified crypto portfolio founded in 2018, which includes Bitcoin, Ether, Solana and XRP.
In addition, Bitwise recently submitted a 10 Crypto Index Fund -ETF with the SEC, which further underlines the growing demand for crypto stance brick vehicles.
Analysts from Bloomberg Intelligence have optimistically expressed the regulatory views, which points to “relatively high chances of winning for the entire board” for these new crypto -ETF proposals. This dynamic shows a crucial moment for the integration of digital assets into traditional finances and offers investors more accessible and more regulated for participation in the crypto market.
The entry of Franklin Templeton into the Krypto -Tf area with EZPZ signals both the company's trust in the mature digital asset ecosystem and the increasing appetite among the mainstream investors for the exposure of cryptocurrencies. While the index is developing and regulatory hurdles eliminates, EZPZ could pave the way for the more comprehensive introduction of crypto-oriented ETFs and bridge the gap between conventional investment strategies and the rapidly growing world of blockchain-based assets.
The fund is currently a milestone for supplementing Bitcoin and ether for US investors, with promising further growth on the horizon.
Source: Coinlist.me