Franklin Templeton launches new ETF, Franklin Crypto Index ETF (EZPZ), on February 20, 2025. The ETF offers a view of the price movements of Bitcoin and Ethereum, which are among the largest digital assets. The company itself has applied for approval from the US Securities and Exchange Commission in August 2024 and will trade it under the ticker symbol EZPZ.
Franklin Templeton Launches New ETF: Franklin Crypto Index ETF (EZPZ)
Franklin Templeton is an investment management firm that has a market capitalization of nearly $11 billion. The company has a financial health score of 2.28 (FAIR) on InvestingPro. Franklin Templeton has a global presence and has served clients from 150 different countries. The company has a consistent dividend payout record for 45 years and currently offers a substantial 6.13% dividend.
Regarding the launch of EZPZ, David Mann, the global head of ETF products at Franklin Templeton, stated that EZPZ offers an easy and cheap way to gain exposure to both blockchains, namely Bitcoin and Ethereum. In the long term, ETPs intend to add new coins when they are eligible. They also hope that this ETP can be developed to represent the crypto beta version.
EZPZ Follows EZBC and EZET
Franklin Templeton launches new ETF, EZPZ, in its bid to expand its digital asset offerings after two other ETFs. Both are EZBC and EZET. Franklin Bitcoin ETF (EZBC) itself was launched on January 11, 2024. Meanwhile, Franklin Ethereum (EZET) launched after that, on July 23, 2024. The presence of these three shows the company’s commitment to offering modern investment solutions that are constantly evolving.
Coinbase will manage Franklin Templeton’s new fund and now consists of 18% Ethereum and 82% Bitcoin. EZPZ’s sponsorship fee itself is 0.19%, but the company plans to waive the fee until August 31, 2025, or until the fund gets its first asset worth $10 billion.
The Second Crypto Index ETF to Enter the US Market
EZPZ, a new ETF launched by Franklin Templeton, became the second to enter the US market after UNSIQ. EZPZ has even been listed for trading in less than a week since the Hashdex NCIQ dual crypto ETF was listed on the Nasdaq. The distance certainly feels very short.
According to James Seyffarth, Bloomberg EFT Analysis, EZPZ itself will eventually become a crypto index ETF as the US Securities and Exchange Commission (SEC) gives approval for more digital assets in the form of these ETFs. According to him, the Hasdex NCIQ dual crypto ETF that launched first will also be a crypto index ETF.
The SEC itself actually also delayed the decision regarding the funds from Franklin Templeton and Hashdenx to November 20, 2024. However, the SEC then agreed to the two approximately three weeks before the informed deadline of approval on December 20, 2024.
Franklin Templeton launches new ETF as US regulators continue to relax their stance on crypto supervision. Along with the softening of the SEC’s approach due to policy changes following the US government election, an increase in crypto ETF regulatory filings has also emerged. Some asset managers also ask for approval for ETFs that hold altcoins such as Litecoin, Solana, XRP, and so on.
NYSE Arca also had a basket of eyes that were quite diverse spot cryptos in October. Analysts such as Bloomberg Intelligence also anticipate approval opportunities for the new filing. They set the stage for the broader and also diverse crypto market in the US.
Franklin Templeton Launches New ETF, namely EZPZ, which certainly attracts the attention of many people. This action also shows the seriousness of this company in supporting the shift in crypto’s investment direction to more accessible investments.
