Franklin Templeton launches Bitcoin and Ethereum index ETFs
ChainCatcher news, Franklin Templeton has 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, following the launch of the Nasdaq Crypto Index US ETF (NCIQ) by asset management company Hashdex on February 14.
The EZPZ fund holds assets referenced by the U.S. CF Institutional Digital Asset Index. As of February 20, this index only tracks Bitcoin and Ethereum. According to CF Benchmarks data, as of February 20, the market-cap weighted index consists of approximately 87% BTC and 13% ETH.
Franklin Templeton plans for the EZPZ to hold more cryptocurrencies in the future, ultimately providing U.S. investors with a one-stop crypto portfolio as the index expands.