Franklin Templeton, the global asset management giant with $ 1.5 trillion in assets under management, has Rejected Franklin Crypto Index ETF, a new stock exchange traded fund that offers exposure to bitcoin and ether, the two largest cryptocoirs after the market.
According to a press release from February 20, the Fund, which trade under the ticker EZPZ, CF Institutional Digital Asset Index, which currently allocates about 82% to Bitcoin and 18% to ether, tracks down by market value.
The product may include other crypto courses such as “they become eligible for index information”, says David Mann, global head of ETF product and capital markets at Franklin Templeton. Franklin expects ETF to be a benchmark for crypto investment products.
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Franklin, which starts the new crypto -etp, aims to make investments in Cryptocurrency simple and more accessible to investors through a traditional investment vehicle as an ETF.
The sponsorship fee, which covers the cost of managing ETF, is canceled for the first $ 10 billion in assets. After the exception period is over, which means that the assets exceed $ 10 billion, Franklin will charge a sponsorship fee of 0.19%. This makes it an attractive alternative for investors who want to get exposure to BTC and ETH.
The EZPZ fund does not have directly bitcoin and ether. It provides indirect exposure, which means that its value is bound to the price movements for these crypto courses. Coinbase handles safe custody of digital assets.
With the new offer, Franklin aims to position himself as a leader in offering Cryptocurrency investment products. EZPZ joins the growing list of Franklin’s digital assets, which already include Spot Bitcoin ETF (EZBC) and Spot Ether ETF (Ezet).
The launch comes after CBOE BZX Exchange, on behalf of Franklin Templeton, submitted a form from 19B-4 at the US Securities and Exchange Commission (SEC) in September last year. SEC acknowledged the archiving on December 19 and briefly approved Franklin Templeton Crypto Index ETF.
SEC, the same day, also Greenlit Hashex’s double bitcoin-Ethereum etf, Hashex Nasdaq Crypto Index US ETF. Hashex has recently been granted approval from Brazil’s securities and exchange commission to list and trade its XRP ETF on the B3 exchange.
Franklin Templeton Eyes ETF Expansion 2025
Franklin Templeton sees its ETFs As a way to bring crypto to the traditional finances (Tradfi) The world, making it more accessible to traditional investors. The California-based fund manager is planning to expand its crypto index funds this year, considering offering ETFs that track a greater range of crypto courses.
In an interview in January, Roger Bayston, head of digital assets in Franklin Templeton said, diversification will be the company’s main theme in Crypto Investing 2025.
Earlier this month, Franklin Templeon submitted to establish Franklin Solana Trust in Delaware, a feature indicating that the company will officially apply for an ETF directly holding sun, currently ranked as the sixth largest Cryptocurrency.
The company has also recently launched its Tokenized Money Market Fund, Onchain US Government Money Fund (Fobxx), on Solana. The fund is already available on seven other chains such as Ethereum, Aptos and Base.
Unlike some competitors who actively try to offer different crypto -etfs, such as those linked to Dogecoin or XRP, Franklin takes a methodical approach, investigates and evaluates different crypto assets just as they do with traditional asset classes.
It may be something similar to Blackrock, but Larry Fink’s asset management giant is more skeptical when other crypto -etf comes into consideration.
Although there is optimism in the crypto community when it comes to a Solana ETF, with some analysts that predict high chances to approve in the future, Blackrock shields their focus on Bitcoin and Ethereum ETF.
Jay Jacobs from Blackrock has said that they “scratch the surface”, focusing on building confidence in Cryptocurrency ETFs and attracting conservative and institutional investors.
It is also about demand. Crypto ETFs outside Bitcoin and Ether are not seen as having high demand right now, according to Blackrock. Plus Solana’s market maturity is also insufficient compared to the two leading digital assets.
