Crypto-Focused ETF by Franklin Templeton Begins Trading on Cboe BZX, Tracking Leading Cryptocurrencies Bitcoin and Ethereum
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🚀 Franklin Templeton Drops the long-anticipated crypto ETF, EZPZ, which bundles Bitcoin and Ethereum for effortless investment access. This new kid on the block debuted on February 21 on the Cboe BZX exchange, following close behind Hashdex's Nasdaq Crypto Index US ETF (NCIQ), which swooped into the scene on Valentine's Day.
Taking the crypto world by storm, EZPZ follows the CF Institutional Digital Asset Index, laying its groundwork with Bitcoin and Ethereum. As things stand, Bitcoin bags a whopping 87% while Ethereum steals 13%. But Franklin Templeton isn't stopping there, aiming to beef up EZPZ with more cryptocurrencies as they nail down regulatory approval.
Investors' Digging Crypto:
The arrival of EZPZ speaks volumes about the surging demand for crypto investment avenues. Investors crave an easy walk-through to the digital money world without handling the beans themselves. EZPZ's 0.19% expense ratio is a pocket-friendly choice for those yearning for a diversified crypto journey.
The US Securities and Exchange Commission (SEC) blessed both EZPZ and NCIQ with its seal of approval back in December. Hashdex's ETF, sporting only Bitcoin and Ethereum, eyes the addition of more assets in the future. As crypto guidelines flex and bend, an increasing number of asset managers are entering the crypto playground with their own investment offerings.
US Regulators' Evolution:
Changes in the regulatory landscape have paved the way for cryptos like never before. Donald Trump's election and his pro-crypto stance propelled this shift in policy. Asset managers are flooding applications for crypto ETFs, including Solana, XRP, and Litecoin.
Grayscale dreams of transforming its Digital Large Cap Fund into an exchange-traded product. This fund campus was founded in 2018 and features Bitcoin, Ethereum, Solana, and XRP. According to Bloomberg Intelligence, approvals for new crypto ETF applications could be a done deal.
Franklin Templeton's Long Haul:
Despite heavyweights stirring the crypto waters, Franklin Templeton stays committed to its crypto game. The company already laid the groundwork with tokenized money-market funds on blockchain networks. The debut of EZPZ is part of its strategy to expand the digital asset investment landscape. Franklin Templeton remains steadfast in adapting to the ever-evolving crypto market and cooking up innovative financial treats for investors.
💡 Enrichment Data:- While the regulatory status for Solana ETFs is undecided, there are rumblings that these ETFs are among the 72 crypto-related ETFs awaiting approval at the SEC[5].- XRP ETFs are in the running, with ProShares Trust's XRP-focused ETFs gaining clearance for a public launch on April 30, 2025[3]. Multiple other companies, including Bitwise, 21Shares, and WisdomTree, have submitted applications for XRP ETFs[3].- Litecoin ETF approvals face an uncertain future, much like Solana ETFs, as they are included in the long list of crypto ETF filings waiting for approval at the SEC[5].
- Franklin Templeton's latest offering, the EZPZ crypto ETF, bundles Bitcoin and Ethereum for easy crypto investment access.
- EZPZ's groundwork lies in the CF Institutional Digital Asset Index, with Bitcoin making up 87% and Ethereum 13%.
- Asset managers are increasingly entering the crypto playground with their own investment offerings, such as Solana, XRP, and Litecoin.
- The US Securities and Exchange Commission (SEC) has approved EZPZ and other crypto ETFs like NCIQ, indicating a shift in crypto regulation.
- Grayscale's Digital Large Cap Fund, featuring Bitcoin, Ethereum, Solana, and XRP, hopes to transform into an exchange-traded product.
- Despite regulatory uncertainty, Franklin Templeton remains committed to expanding the crypto investment landscape, including developing tokenized money-market funds on blockchain networks.
- The arrival of crypto ETFs like EZPZ demonstrates the growing demand for easy access to the crypto world in the ever-evolving finance and technology sector.
