Franklin Templeton has launched a dual-spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund (ETF) on Feb. 20, listed on Cboe under the ticker EZPZ. The fund tracks the CF Institutional Digital Asset Index, weighted 82% towards Bitcoin and 18% towards Ethereum. As of Feb. 19, EZPZ holds 22.12 BTC and 123.55 ETH, custodied by Coinbase. This is Franklin Templeton’s third crypto ETF, following the launches of the Franklin Bitcoin ETF (EZBC) and the Franklin Ethereum ETF (EZET) last year, which have seen $479.6 million in net flows since their launch.
David Mann, global head of ETF product and capital markets at Franklin Templeton, mentioned that EZPZ offers a cost-effective way to gain exposure to the two largest blockchain ecosystems. The fund intends to add new coins as they become eligible for index inclusion in the future. Bloomberg ETF analyst James Seyffart believes that EZPZ will eventually become a crypto index ETF as the SEC approves more digital assets in the ETF wrapper. The listing of EZPZ comes shortly after Hashdex’s dual crypto ETF NCIQ was listed on the Nasdaq exchange, also potentially set to become a crypto index ETF.
The SEC had delayed the decision on Franklin Templeton and Hashdex’s funds in November 2024 but eventually approved both on Dec. 20, 2024, just three weeks before the informed deadline of Jan. 6, 2025. Gino Matos, a law school graduate and experienced journalist in the crypto industry, is the author of this article. His focus is primarily on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi). The editor of this article is Assad Jafri, a seasoned journalist with over a decade of experience in financial journalism, specializing in crypto reporting.
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