Franklin Templeton Files for New ‘EZPZ’ Bitcoin and Ethereum ETF
Top asset manager Franklin Templeton has filed to offer a new exchange-traded fund (ETF) that, if approved, would give investors exposure to a basket of crypto funds.
The Franklin Crypto Index ETF, under the ticker
EZPZ,
would give exposure to digital assets included in the CF Institutional Digital Asset Index—an index from CF Benchmarks, which provides data to firms on cryptocurrencies.
It would initially hold
Bitcoin
and
Ethereum
, a Friday filing with the Securities and Exchange Commission (SEC)
read
.
Franklin Templeton files for Crypto Index ETF...
Would initially hold btc & eth.
Here we go.
pic.twitter.com/K3o8qI2QZq
— Nate Geraci (@NateGeraci)
August 16, 2024
Coinbase, America's biggest crypto exchange, would be the custodian for the proposed fund. Coinbase already stores digital assets for other top fund managers that have released crypto ETFs.
Franklin Templeton is one of many high-profile Wall Street firms that launched a
spot Bitcoin ETF
and later an
Ethereum ETF
this year.
Both funds give investors exposure to the two biggest cryptocurrencies by market cap. The SEC was reluctant to approve the crypto products—which give investors the ability to invest in digital assets via shares that trade on a stock exchange—but eventually green lighted the funds.
Franklin Templeton also this week
announced
that its Nasdaq-listed OnChain U.S. Government Money Fund, FOBXX, was accessible on the
Arbitrum
network.
Arbitrum
is a popular scaling solution for Ethereum that aims to speed up transactions on the second-biggest crypto network.