EddieJayonCrypto
21 Feb 25
Franklin Templeton has launched a dual spot Bitcoin and Ethereum exchange-traded fund (ETF) in the US, trading under the EZPZ ticker on Cboe. The fund tracks the CF Institutional Digital Asset Index, with 82% allocated to Bitcoin and 18% to Ethereum. It holds 22.12 BTC and 123.55 ETH, custodied by C...
Franklin Templeton has launched a dual spot Bitcoin and Ethereum exchange-traded fund (ETF) in the US, trading under the EZPZ ticker on Cboe. The fund tracks the CF Institutional Digital Asset Index, with 82% allocated to Bitcoin and 18% to Ethereum. It holds 22.12 BTC and 123.55 ETH, custodied by Coinbase. This is the company's third crypto ETF, following the Franklin Bitcoin ETF (EZBC) and the Franklin Ethereum ETF (EZET) launched last year.
The fund aims to add new eligible coins in the future and is seen as a step towards a crypto index ETF. The SEC approved the fund after initially delaying the decision. David Mann, global head of ETF product and capital markets at Franklin Templeton, stated: "EZPZ offers a convenient and low-cost way to gain exposure to the two most established and largest blockchain ecosystems. In the longer-term, the ETP intends to add any new coins as they become eligible for index inclusion. It is our hope this ETP evolves to represent beta for crypto."
Bloomberg ETF analyst James Seyffart noted that EZPZ “will ultimately” be a crypto index ETF as the US Securities and Exchange Commission (SEC) greenlights more digital assets in the ETF wrapper. The SEC delayed the decision on Franklin Templeton and Hashdex’s funds on Nov. 20, 2024, but eventually approved both on Dec. 20, 2024, roughly three weeks before the informed deadline of Jan. 6, 2025.