Franklin Templeton Unveils Crypto ETF Covering Bitcoin and Ethereum

Franklin Templeton Unveils Crypto ETF Covering Bitcoin and Ethereum

Franklin Templeton Launches Crypto ETF Offering Exposure to Bitcoin and Ethereum

Franklin Templeton has introduced the Franklin Crypto Index ETF (EZPZ), a new cryptocurrency exchange-traded fund (ETF) that provides investors with exposure to Bitcoin (BTC) and Ethereum (ETH). The ETF tracks the CF Institutional Digital Asset Index, which currently includes only these two leading cryptocurrencies.

The launch of EZPZ follows the debut of Hashdex’s Nasdaq Crypto Index US ETF (NCIQ), making it the second fund of its kind in the market. Both ETFs were approved by the U.S. Securities and Exchange Commission (SEC) in December, allowing EZPZ to trade on Cboe BZX and NCIQ on Nasdaq.

Expansion Plans and Market Trends

Franklin Templeton’s EZPZ fund is designed to expand over time, incorporating additional cryptocurrencies as they are added to the index, subject to regulatory approval. The ETF provides a simplified investment vehicle for those seeking exposure to digital assets without directly purchasing cryptocurrencies.

Both Franklin Templeton and Hashdex have indicated plans to broaden their holdings beyond BTC and ETH, aligning with shifting regulatory attitudes toward cryptocurrency ETFs. Following Donald Trump’s election victory, there is growing optimism about the U.S. emerging as a global leader in digital assets.

Future of Crypto ETFs

Asset managers are actively filing for ETFs that cover altcoins such as Solana (SOL), XRP, and Litecoin (LTC). Meanwhile, Grayscale is seeking regulatory approval to list its Digital Large Cap Fund as an ETF, which would include BTC, ETH, SOL, and XRP.

Analysts at Bloomberg Intelligence suggest that new crypto ETF applications have a strong chance of approval, signaling increasing mainstream acceptance of digital asset investment products.