Franklin Templeton Launches EZPZ Crypto Index ETF, Providing Exposure to Bitcoin and Ether

Franklin Templeton, a prominent global asset manager, has introduced a new exchange-traded fund (ETF) that provides investors with exposure to both Bitcoin (BTC) and Ethereum's Ether (ETH).

Franklin Templeton, a prominent global asset manager, has introduced a new exchange-traded fund (ETF) that provides investors with exposure to both Bitcoin (BTC) and Ethereum’s Ether (ETH).

Announced on Thursday, the Franklin Crypto Index ETF, trading under the ticker EZPZ, marks the second crypto index ETF to launch in the United States, following closely 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 track the US CF Institutional Digital Asset Index, a market capitalization-weighted benchmark managed by CF Benchmarks.

As of its launch date, the index allocates approximately 87% of its weighting to Bitcoin — currently priced at $98,706 — while Ether, valued at $2,755, accounts for about 13%.

According to Franklin Templeton, this ETF offers a streamlined way for investors to gain exposure to these leading digital assets without the complexities of directly purchasing and managing them.

Franklin Templeton is excited to launch $EZPZ, our latest exchange-traded product (ETP) that provides exposure to bitcoin and ether without the hassle of buying them directly.

This innovative offering plans to add new digital assets as they become eligible for inclusion in… pic.twitter.com/1snE7mKMht

— Franklin Templeton Digital Assets (@FTDA_US) February 20, 2025

Looking ahead, Franklin Templeton plans to expand the fund’s holdings as additional cryptocurrencies are incorporated into the underlying index, subject to regulatory approval. This forward-thinking approach positions EZPZ as a potential “one-stop-shop” for US investors seeking a diversified crypto portfolio through a single investment vehicle.

The launch of EZPZ comes amid a wave of cryptocurrency ETF developments in the US. Hashdex’s NCIQ, trading on the Nasdaq, similarly focuses on Bitcoin and Ether with plans to broaden its scope over time.

The broader market has also seen a surge in ETF filings throughout 2024, with asset managers submitting proposals for funds tied to altcoins such as Solana (SOL), XRP, and Litecoin (LTC).

In October, NYSE Arca sought approval to list a Grayscale ETF based on the Grayscale Digital Large Cap Fund, a diversified crypto portfolio established in 2018 that includes Bitcoin, Ether, Solana, and XRP, among others.

Additionally, Bitwise recently filed for a 10 Crypto Index Fund ETF with the SEC, further underscoring the growing demand for crypto investment vehicles.

Meanwhile, analysts at Bloomberg Intelligence have expressed optimism about the regulatory outlook, suggesting “relatively high odds of approval across the board” for these new crypto ETF proposals. This momentum highlights a pivotal moment for the integration of digital assets into traditional finance, offering investors more accessible and regulated options to participate in the crypto market.

Franklin Templeton’s entry into the crypto ETF space with EZPZ signals both the firm’s confidence in the maturing digital asset ecosystem and the increasing appetite among mainstream investors for cryptocurrency exposure. As the index evolves and regulatory hurdles are cleared, EZPZ could pave the way for broader adoption of crypto-focused ETFs, bridging the gap between conventional investment strategies and the rapidly expanding world of blockchain-based assets.

For now, the fund stands as a milestone in making Bitcoin and Ether more accessible to US investors, with the promise of further growth on the horizon.

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Categories: Bitcoin, Crypto, Crypto ETFs, Cryptocurrency, Ether (ETH), ETFs, Franklin Templeton, Grayscale, Legal, Market, Solana (SOL), XRP