Franklin Templeton, a prominent asset management firm, has submitted a proposal to the Securities and Exchange Commission (SEC) to launch a new cryptocurrency-focused exchange-traded fund (ETF). The proposed Franklin Crypto Index ETF, set to trade under the ticker EZPZ, aims to give investors exposure to a diverse array of digital assets included in the CF Institutional Digital Asset Index, developed by CF Benchmarks.
According to the filing, the ETF will initially feature Bitcoin (BTC) and Ethereum (ETH), with Coinbase, the largest cryptocurrency exchange in the U.S., designated as the custodian for the fund. Coinbase already manages digital assets for several leading fund managers who have previously introduced crypto ETFs.
Franklin Templeton’s move into the cryptocurrency ETF space follows its earlier launches of Bitcoin and Ethereum spot ETFs, enabling investors to trade shares representing the two largest cryptocurrencies by market capitalization on stock exchanges.
In addition, Franklin Templeton recently announced that its Nasdaq-listed OnChain U.S. Government Money Fund (FOBXX) is now available on Arbitrum, a leading layer-2 scaling solution for the Ethereum network.
The firm is also reportedly planning to introduce a private altcoin-focused crypto fund for institutional investors, which may include staking rewards. This initiative reflects Franklin Templeton’s continued commitment to expanding its digital asset offerings.
Related Topics:
