Franklin Templeton has launched the Franklin Crypto Index ETF, its first exchange-traded fund that will offer exposure to more than one cryptocurrency, said a news release Feb. 20.
Trading under ticker symbol EZPZ, the ETF provides exposure to the price movements of the two most prominent cryptocurrencies, bitcoin and ether.
EZPZ’s sponsor fee of 0.19% will be waived for investors until Aug. 31.
“EZPZ offers a convenient and low-cost way to gain exposure to the two most established and largest blockchain ecosystems,” said David Mann, global head of ETF product and capital markets at Franklin Templeton, in the news release. In the longer-term, the ETF “intends to add any new coins as they become eligible for index inclusion,” Mann added.
EZPZ is now Franklin Templeton’s third digital asset ETF. The first such ETF, Franklin Bitcoin ETF, which trades under the ticker EZBC, was launched Jan. 11, 2024, while the Franklin Ethereum ETF, which trades under the ticker EZET, was launched July 23.
EZBC, which has $709 million in assets under management, seeks to reflect the performance of the price of bitcoin, while the $34 million EZET tracks the performance of the price of ether.
Franklin Templeton had $1.58 trillion in AUM as of Jan 31. The firm’s ETF platform has $32 billion in AUM.
