Franklin Templeton launches Bitcoin, Ethereum Index ETF
According to online reports, Franklin Templeton announced the launch of an exchange-traded fund (ETF) that holds both spot bitcoin and Ethereum. The Franklin Crypto Index ETF (EZPZ) is the second cryptocurrency index ETF to enter the U.S. market. Previously, asset management company Hashdex launched the Nasdaq Crypto Index US ETF (NCIQ) on February 14. EZPZ funds hold a basket of assets referenced by the U.S. CF Institutional Digital Asset Index. As of February 20, the index only tracks Bitcoin and Ethereum. According to CF Benchmarks data, as of February 20, the asset composition of the capital-weighted index was approximately 87% BTC and 13% ETH. Franklin Templeton plans that EZPZ will hold more cryptocurrencies in the future, and as the index expands, it will eventually provide U.S. investors with a 'one-stop' crypto-investment portfolio.
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