According to a press release, Franklin Templeton launched Dual Spot Bitcoin (BTC) and the Ethereum (ETH) Exchange-Traded Fund (ETF) on February 20th.
The fund trades under EZPZ tickers and is listed in the CBOE. Track double prices based on the CF Institutional Digital Asset Index.
The index is weighted by market capitalization, assigning 82% to Bitcoin and 18% to Ethereum. As of February 19, EZPZ holds 22.12 BTC and 123.55 ETH and is in custody by Coinbase.
This is Franklin Templeton's third Crypto ETF, following the launch of Franklin Bitcoin ETF (EZBC) and Franklin Ethereum ETF (EZET) last year.
As of February 20th, EZBC and EZET have recorded a net flow of $479.6 million since their launch, based on data from Farside Investors.
We aim to achieve a wide range of indexes
David Mann, global head of ETF products and capital markets at Franklin Templeton, is statement:
“EZPZ offers a convenient and low-cost way to expose to the two most established largest blockchain ecosystems. In the long run, ETP adds new coins eligible for index inclusion. It is our hope that this ETP will evolve to represent crypto beta.”
Bloomberg ETF Analyst James Safert It's attracting attention EZPZ will “finally” become a crypto index ETF as the US Securities and Exchange Commission (SEC) as the ETF wrapper's more digital asset.
Listed for a transaction that has been less than a week since Hashdex's dual Crypto ETF NCIQ was listed on NASDAQ, EZPZ believes Seyffart will become the Crypto Index ETF.
Sec Decisions have been delayed Funded by Franklin Templeton and Hashdex on November 20, 2024. However, it was ultimately approved on December 20, 2024 and approximately three weeks before the notification deadline of January 6, 2025.
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Gino Matos
Gino Matos is a law school graduate and a veteran journalist with six years of experience in the crypto industry. His expertise focuses primarily on the development of the Brazilian blockchain ecosystem and distributed finance (DEFI).
