Franklin Templeton debuted the Franklin Crypto Index ETF (EZPZ), a brand-new exchange-traded fund meant to expose Bitcoin and Ethereum. Following Hashdex’s Nasdaq Crypto Index US ETF (NCIQ), the ETF starting trading on February 20 is the second cryptocurrency index ETF available on the US market.
The EZPZ fund follows the CF Institutional Digital Asset Index, which right now comprises Bitcoin and Ethereum. Reflecting their respective market capitalizes, the index allocation as of its inception date is roughly 87% Bitcoin and 13% Ethereum. According to Franklin Templeton, as more digital assets become qualified under the index’s criteria and regulatory permissions, the ETF is intended to absorb them going forward.
EZPZ helps investors seeking a simple approach to expose themselves to cryptocurrencies free from the complications of direct ownership. The fund provides a diverse approach inside the realm of digital assets, therefore streamlining the process. “EZPZ exposes Bitcoin and Ethereum without the hassle of direct purchases,” Franklin Templeton said in a social media comment.
The introduction of EZPZ fits a larger trend of growing acceptability of cryptocurrency investment products in the American regulatory scene. Asset managers have lately sent many submissions introducing ETFs covering a larger spectrum of digital assets, including Solana, XRP, and Litecoin. Franklin Templeton’s action shows increasing faith in the general acceptance of crypto investment vehicles.
Following the approval of Franklin Templeton’s spot Bitcoin and Ethereum ETFs in January and June of last year, the ETF’s launch of institutional-grade investment choices like EZPZ gives investors more easily available and controlled chances to interact with digital assets as the market of cryptocurrencies develops.
Franklin Templeton’s EZPZ ETF is positioned to become a major participant in the changing crypto investment scene given continuous regulatory advancements and growing investor demand.
