Franklin Templeton launches its Bitcoin and Ether ETF “EZPZ”

Franklin Templeton launched his latest product negotiated in exchange for crypto, the Franklin Crypto Index ETF.

This marks the third fund negotiated in exchange for cryptocurrency crypto-exchanges of the asset manager. The other two digital asset funds include Franklin Bitcoin ETF (Ticker: EZBC) and Franklin ETF (Ticker: Ezet), approved in January and June, respectively.

Franklin Templeton announcement The launch of the Franklin Crypto Index ETF on February 20.

The Fund, which Franklin Templeton filed for approval to the American Commission for Securities and the Exchange in August 2024, will be negotiated under the Ticker Ezpz.

The new product negotiated in exchange will offer an exposure to Bitcoin price movements (BTC) and Ethereum (Ethn). EZPZ seeks to reflect the BTC and ETH stock markets, the two largest digital assets.

In particular, the FNB bitcoin and spot ETFs remain the only ETF Crypto to a single asset in the United States

“EZPZ offers a practical and low cost to expose yourself to the two most established and most important blockchain ecosystems. In the longer term, ETP intends to add new parts because they become eligible for index inclusion. We hope that this ETP is evolving to represent the beta version for the crypto, “said David Mann, the world leader in the ETF products and capital markets in Franklin Templeton.

Franklin Templeton’s new fund will be kept by Coinbase. Currently, the funding of the fund consists of 82% Bitcoin and 18% of Ethereum.

The sponsor fees for EZPZ are 0.19%. However, Franklin Templeton plans to give up costs until August 31, 2025, or until the fund reached its first $ 10 billion in assets.

In recent months, asset managers have increased efforts to introduce more funds on the market, including altcoin products for XRP, Solana, Litecoin and Dogecoin.

The SEC has recognized most of these deposits, starting a calendar towards approval or possible rejection.

On February 20, the Securities and Exchange Commission recognized the reception of file 19B-4 of form 19B-4 of 21S, which seeks approval to add a stimulation to the ETF ETF of the transmitter. This evolution comes as several transmitters grow to ETH ETF SLAKEA movement that experts say that the entries in FNB Ethereum could catapult with new heights.