Franklin Templeton Launches Bitcoin, Ethereum Index ETF

BlockBeats News, February 21st, Franklin Templeton announced the launch of an exchange-traded fund (ETF) that holds both spot Bitcoin and Ethereum simultaneously.

The Franklin Crypto Index ETF (EZPZ) is the second cryptocurrency index ETF to enter the U.S. market, following the earlier launch of the Nasdaq Crypto Index US ETF (NCIQ) by asset management firm Hashdex on February 14th.

The EZPZ fund holds a basket of assets referencing the CF Institutional Digital Asset Index in the United States. As of February 20th, this index only tracks Bitcoin and Ethereum. According to CF Benchmarks data, as of February 20th, the market-weighted index's asset composition is approximately 87% BTC and 13% ETH.

Franklin Templeton plans for EZPZ to hold more cryptocurrencies in the future, with the expansion of the index ultimately providing U.S. investors with a "one-stop" cryptocurrency investment portfolio.