#ETF It is true that Franklin Templeton has launched a new cryptocurrency ETF, the Franklin Crypto Index ETF, with the ticker symbol EZPZ. Here is a breakdown of the key points:
Purpose:
The EZPZ ETF provides investors with exposure to Bitcoin and Ethereum, the two largest cryptocurrencies by market cap.
Its goal is to simplify cryptocurrency investing by providing a single investment vehicle for these two major assets.
Index Tracking:
The ETF tracks the CF Institutional Digital Asset Index.
This index weights investments based on market cap, resulting in a higher allocation to Bitcoin relative to Ethereum.
Key Features:
It offers a relatively low expense ratio. There is also a fee waiver in effect until August 31, 2025, or until the fund reaches $10 billion in assets.
Coinbase manages the secure custody of digital assets.
Background:
This launch expands Franklin Templeton’s growing lineup of cryptocurrency ETFs, which already includes individual Bitcoin and Ethereum ETFs.
This shows the continued growth of traditional financial firms, entering the crypto investment space.
Essentially, EZPZ is designed to provide a convenient and cost-effective way for investors to access leading cryptocurrencies.
Sources and related content
Franklin Crypto Index Exchange Traded Fund (ETF) - EZPZ