- Franklin Templeton launches EZPZ crypto index ETF combining Bitcoin (82%) and Ethereum (18%) exposure.
- The new ETF features a competitive 0.19% expense ratio, tracking CF Benchmark’s Institutional Digital Asset Index.
- Franklin’s Bitcoin ETF (EZBC) currently holds $708 million AUM, ranking ninth among U.S. spot Bitcoin funds.
- The firm’s Ethereum ETF (EZET) maintains $34 million AUM, placing seventh in its category.
- Franklin Templeton continues digital asset expansion following its 2021 launch of tokenized money-market fund on Polygon and Stellar.
Franklin Templeton expanded its cryptocurrency product lineup Thursday with the launch of EZPZ, a new index ETF offering combined exposure to Bitcoin and Ethereum on the Cboe BZX exchange. The product aims to simplify crypto investment through a market cap-weighted approach to the two leading digital assets.
The EZPZ ETF follows the CF Benchmark’s Institutional Digital Asset Index, allocating investments based on market capitalization. This structure results in 82% Bitcoin exposure and 18% Ethereum exposure for investors, reflecting the current market dominance of these cryptocurrencies.
“Blockchains are emerging as important utilities for the current and future information and data economies,” stated Roger Bayston, head of digital assets at Franklin Templeton. The fund’s competitive 0.19% expense ratio positions it as an accessible entry point for institutional and retail investors seeking diversified crypto exposure.
Despite Franklin Templeton’s status as a major asset manager, its crypto products have seen modest adoption compared to competitors. According to CoinGlass data, the firm’s Bitcoin ETF (EZBC) holds $708 million in assets under management, while industry leader BlackRock‘s iShares Bitcoin ETF (IBIT) commands $56.6 billion AUM.
The firm’s digital asset strategy began in 2021 with FOBXX, a tokenized money-market fund launched on Polygon and Stellar networks. This pioneering move demonstrated Franklin Templeton’s early recognition of blockchain technology’s potential in traditional finance.
Franklin Templeton’s digital assets division has notably embraced crypto culture, recently sharing social media content that resonates with the cryptocurrency community’s self-deprecating humor about market volatility.
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