Franklin Templeton Launches Crypto Index ETF (EZPZ) with Bitcoin and Ethereum Exposure

On Thursday, February 20, Franklin Templeton launched its Crypto Index ETF, EZPZ, on the Cboe BZX exchange, offering investors exposure to both Bitcoin and Ethereum. The ETF tracks the CF Benchmark's Institutional Digital Asset Index, weighting cryptocurrencies by market capitalization, resulting in approximately 82% Bitcoin and 18% Ethereum exposure. With an expense ratio of 0.19%, EZPZ aims to provide a low-cost entry point to the digital asset class. This launch follows Franklin Templeton's previous introduction of spot Bitcoin (EZBC) and Ethereum ETFs (EZET). As of today, EZBC holds $708 million in assets under management, while EZET holds $34 million. Franklin Templeton plans to include additional cryptocurrencies in EZPZ as they meet index eligibility and regulatory approvals, aiming to create a comprehensive crypto portfolio for US investors.