TL;DR
- Franklin Templeton has launched EZPZ, a new ETF providing exposure to Bitcoin and Ethereum, designed to track the US CF Institutional Digital Asset Index.
- The ETF offers a simplified and low-cost way for investors to access top digital assets, with an initial sponsor fee of 0.19% waived until August 31, 2025.
- Franklin Templeton plans to expand the fund’s investments to include more cryptocurrencies, aiming for a diversified cryptocurrency portfolio in a single investment vehicle.
Franklin Templeton, a prominent global asset manager, has recently launched a new ETF that provides investors with exposure to both Bitcoin (BTC) and Ethereum (ETH). The ETF, trading under the ticker EZPZ, marks a significant step in integrating digital assets into traditional finance.
Details of the EZPZ ETF
The EZPZ ETF 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 and 13% to Ethereum. This allocation reflects the current market dominance of these two leading cryptocurrencies.
Benefits for Investors
Franklin Templeton has highlighted that this ETF provides a simplified approach for investors to access top digital assets, eliminating the challenges associated with directly buying and managing them.
The EZPZ ETF provides a convenient and low-cost way to invest in Bitcoin and Ethereum, with a sponsor fee of 0.19% that will be waived for investors until August 31, 2025.
Future Plans and Expansion
Franklin Templeton is set to broaden the fund’s investments as more cryptocurrencies are added to the underlying index, pending regulatory approval. This proactive strategy positions EZPZ as a promising “one-stop-shop” for U.S. investors aiming for a diversified cryptocurrency portfolio with just one investment option.
EZPZ marks Franklin Templeton’s newest addition to its expanding portfolio of digital asset investment offerings. This follows the successful launches of the Franklin Bitcoin ETF (EZBC) in January 2024 and the Franklin Ethereum ETF (EZET) in July 2024.
“With EZPZ, we are providing a straightforward, low-cost method to gain exposure to this burgeoning and significant asset class,” stated Roger Bayston, the head of digital assets at Franklin Templeton.
The introduction of EZPZ arrives at a time when the US is experiencing a surge in cryptocurrency ETF initiatives. Franklin Templeton’s foray into the crypto ETF market with EZPZ reflects the company’s belief in the evolving digital asset landscape and the growing interest from traditional investors in gaining exposure to cryptocurrencies.
