Franklin Templeton has launched a brand new cryptocurrency ETF that gives traders with publicity to each Bitcoin and Ethereum.
Named the Franklin Crypto Index ETF (EZPZ), the fund tracks the CF Institutional Digital Asset Index, which at present contains solely BTC and ETH. The ETF debuted shortly after Hashdex’s Nasdaq Crypto Index US ETF (NCIQ), marking the second such product to enter the market.
The EZPZ fund is structured to increase over time, incorporating extra cryptocurrencies as they’re added to the index, topic to regulatory approval. Franklin Templeton describes it as a handy choice for traders trying to acquire publicity to digital belongings with out straight buying them.
Each the EZPZ and Hashdex’s NCIQ are restricted to Bitcoin and Ethereum for now, however they plan to broaden their holdings. The US Securities and Trade Fee authorised each ETFs in December, permitting EZPZ to commerce on Cboe BZX and NCIQ on Nasdaq.
Regulatory attitudes towards cryptocurrency ETFs seem like shifting, significantly after Donald Trump’s election victory and his acknowledged ambition to determine the US as a frontrunner in digital belongings. Asset managers have been actively submitting for ETFs overlaying altcoins like Solana, XRP, and Litecoin. In the meantime, Grayscale has been looking for approval to record its Digital Giant Cap Fund as an ETF, a portfolio that features BTC, ETH, SOL, and XRP.
Analysts at Bloomberg Intelligence counsel that new crypto ETF functions stand a robust probability of receiving regulatory approval, signaling rising acceptance of digital asset funding merchandise.
