Franklin Templeton launches Bitcoin, Ethereum Index ETF

PANews February 21 news, according to Cointelegraph, Franklin Templeton Asset Management said on February 20 that the company has launched an exchange-traded fund (ETF) holding spot bitcoin and ether.

Franklin Crypto Index ETF (EZPZ) is the second cryptocurrency index ETF to enter the market after asset management company Hashdex launched the Nasdaq Crypto Index U.S. ETF (NCIQ) on February 14. Franklin Templeton's EZPZ fund holds a basket of assets cited in the U.S. CF Institutional Digital Assets Index, which tracks only Bitcoin and Ether as of February 20. According to CF Benchmarks, the market cap weighted index consists of about 87% of BTC and 13% of ETH as of February 20. Franklin Templeton plans to have EZPZ hold more cryptocurrencies added to the index, eventually becoming a one-stop cryptocurrency portfolio for U.S. investors.