#LitecoinETF
Arincen - Franklin Templeton has announced the launch of its new Franklin Crypto Index ETF (EZPZ), offering investors exposure to two of the world’s largest cryptocurrencies, Bitcoin and Ethereum. The fund is held on Coinbase and will initially allocate 87% of its assets to Bitcoin and 13% to Ethereum. The 0.19% custodian fee will also be removed until assets reach $10 billion or August 31, 2025.
This is Franklin Templeton’s third fund in the digital asset space, following the launch of the Franklin Bitcoin ETF and Franklin Ethereum ETF earlier in 2024. The fund tracks the CF Institutional Digital Asset Index, which currently includes only Bitcoin and Ethereum, with plans to expand its portfolio to include other digital currencies in the future.
Through this fund, Franklin Templeton aims to provide an innovative and easy way for investors to benefit from cryptocurrency market movements without having to invest directly in currencies, furthering its strategy of expanding digital asset offerings. The fund is also the second cryptocurrency index fund in the US market after the Nasdaq Crypto Index U.S. ETF (NCIQ) from Hashdex, which launched in February 2024.
