- Franklin Templeton has launched EZPZ ETF monitoring Bitcoin and Ether.
- The EZPZ ETF is the second US crypto index ETF.
- The opposite crypto index is Hashdex’s Nasdaq Crypto Index US ETF (NCIQ).
Franklin Templeton, a distinguished international asset supervisor, has launched a brand new exchange-traded fund (ETF) that gives buyers with publicity to each Bitcoin (BTC) and Ethereum’s Ether (ETH).
Introduced on February 20, 2025, the Franklin Crypto Index ETF, buying and selling beneath the ticker EZPZ, marks the second crypto index ETF to launch in america, following carefully on the heels of Hashdex’s Nasdaq Crypto Index US ETF (NCIQ), which debuted on February 14.
The Franklin Bitcoin and Ether Index ETF
The EZPZ fund is designed to trace the US CF Institutional Digital Asset Index, a market capitalization-weighted benchmark managed by CF Benchmarks.
As of its launch date, the index allocates roughly 87% of its weighting to Bitcoin — at present priced at $98,706 — whereas Ether, valued at $2,755, accounts for about 13%.
Franklin Templeton has emphasised that this ETF affords a streamlined means for buyers to realize publicity to those main digital property with out the complexities of immediately buying and managing them.
Franklin Templeton is happy to launch $EZPZ, our newest exchange-traded product (ETP) that gives publicity to bitcoin and ether with out the effort of shopping for them immediately.
This modern providing plans so as to add new digital property as they change into eligible for inclusion in… pic.twitter.com/1snE7mKMht
— Franklin Templeton Digital Property (@FTDA_US) February 20, 2025
Trying forward, Franklin Templeton plans to develop the fund’s holdings as extra cryptocurrencies are included into the underlying index, topic to regulatory approval. This forward-thinking strategy positions EZPZ as a possible “one-stop-shop” for US buyers looking for a diversified crypto portfolio by means of a single funding car.
The launch of EZPZ comes amid a wave of cryptocurrency ETF developments within the US. Hashdex’s NCIQ, buying and selling on the Nasdaq, equally focuses on Bitcoin and Ether with plans to broaden its scope over time.
The broader market has additionally seen a surge in ETF filings all through 2024, with asset managers submitting proposals for funds tied to altcoins corresponding to Solana (SOL), XRP, and Litecoin (LTC).
In October, NYSE Arca sought approval to record a Grayscale ETF primarily based on the Grayscale Digital Massive Cap Fund, a diversified crypto portfolio established in 2018 that features Bitcoin, Ether, Solana, and XRP, amongst others.
Moreover, Bitwise not too long ago filed for a ten Crypto Index Fund ETF with the SEC, additional underscoring the rising demand for crypto funding autos.
Analysts at Bloomberg Intelligence have expressed optimism in regards to the regulatory outlook, suggesting “comparatively excessive odds of approval throughout the board” for these new crypto ETF proposals. This momentum highlights a pivotal second for the combination of digital property into conventional finance, providing buyers extra accessible and controlled choices to take part within the crypto market.
Franklin Templeton’s entry into the crypto ETF area with EZPZ alerts each the agency’s confidence within the maturing digital asset ecosystem and the rising urge for food amongst mainstream buyers for cryptocurrency publicity. Because the index evolves and regulatory hurdles are cleared, EZPZ might pave the way in which for broader adoption of crypto-focused ETFs, bridging the hole between standard funding methods and the quickly increasing world of blockchain-based property.
For now, the fund stands as a milestone in making Bitcoin and Ether extra accessible to US buyers, with the promise of additional development on the horizon.
