4 months ago
Franklin Templeton launched its dual spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded money (ETF) connected Feb. 20, according to a press release.
The money volition commercialized nether the EZPZ ticker and is listed connected Cboe. It tracks the dual terms based connected the CF Institutional Digital Asset Index.
The scale is weighted by marketplace capitalization, allocating 82% to Bitcoin and 18% to Ethereum. As of Feb. 19. EZPZ holds 22.12 BTC and 123.55 ETH, custodied by Coinbase.
This is Franklin Templeton’s 3rd crypto ETF, pursuing the launches of the Franklin Bitcoin ETF (EZBC) and the Franklin Ethereum ETF (EZET) past year.
As of Feb. 20, EZBC and EZET person registered $479.6 cardinal successful nett flows since their launches, based connected Farside Investors data.
Aiming for a wide index
David Mann, planetary caput of ETF merchandise and superior markets astatine Franklin Templeton, said successful a statement:
“EZPZ offers a convenient and low-cost mode to summation vulnerability to the 2 astir established and largest blockchain ecosystems. In the longer-term, the ETP intends to adhd immoderate caller coins arsenic they go eligible for scale inclusion. It is our anticipation this ETP evolves to correspond beta for crypto.”
Bloomberg ETF expert James Seyffart noted that EZPZ “will ultimately” beryllium a crypto scale ETF arsenic the US Securities and Exchange Commission (SEC) greenlights much integer assets successful the ETF wrapper.
The EZPZ listed for trading little than 1 week aft Hashdex’s dual crypto ETF NCIQ was listed connected the Nasdaq, which Seyffart besides believes volition go a crypto scale ETF.
The SEC delayed the decision connected Franklin Templeton and Hashdex’s funds connected Nov. 20, 2024, but yet approved some connected Dec. 20, 2024, astir 3 weeks earlier the informed deadline of Jan. 6, 2025.
The station Franklin Templeton Bitcoin-Ethereum ETF begins trading successful the US appeared archetypal connected CryptoSlate.
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