PANews reported on February 21 that according to Cointelegraph, Franklin Templeton Asset Management said on February 20 that it has launched an exchange-traded fund (ETF) that holds spot Bitcoin and Ethereum.
The Franklin Crypto Index ETF (EZPZ) is the second cryptocurrency index ETF to enter the market, following the launch of the Nasdaq Crypto Index US ETF (NCIQ) by asset management company Hashdex on February 14. Franklin Templeton's EZPZ fund holds a basket of assets referenced in the U.S. CF Institutional Digital Asset Index, which tracks only Bitcoin and Ethereum as of February 20. According to CF Benchmarks, as of February 20, the market-cap-weighted index was composed of approximately 87% BTC and 13% ETH. Franklin Templeton plans to have EZPZ hold more cryptocurrencies that are added to the index, eventually becoming a one-stop cryptocurrency portfolio for U.S. investors.
