The post Franklin Templeton debuts EZPZ crypto ETF for cheap Bitcoin & Ethereum access appeared on BitcoinEthereumNews.com.

Franklin Templeton has launched a new cryptocurrency ETF (under the ticker EZPZ), exposing investors to Bitcoin and Ethereum.  This latest product, listed on the Cboe BZX Exchange on Thursday, expands the asset manager’s digital asset offerings after it launched its spot Bitcoin and Ethereum ETFs last year. EZPZ ETF offers low-cost Bitcoin and Ethereum exposure  The EZPZ ETF follows the price movements of Bitcoin and Ethereum according to CF Benchmarks’ Institutional Digital Asset Index, which seeks the two most compliant cryptocurrencies under international financial law. Rather than focus on a single asset, the index distributes investments in accordance with market capitalization, with 82% of an investment in EZPZ exposed to Bitcoin while the remaining 18% is correlated to Ethereum’s price movement. EZPZ, for its part, has an expense ratio of 0.19%, making it one of the cheapest cryptocurrency investment offerings on the market. Roger Bayston, Franklin Templeton’s head of digital assets, said the firm aimed to make digital asset exposure more available to everyday investors. Bayston said in a press release that blockchains are becoming powerhouses for today’s and tomorrow’s information and data economy. He noted that they are bringing EZPZ to market as a simple, low-cost way to gain exposure to this now large and significant asset class. Franklin Templeton expands crypto efforts but trails industry giants in AUM Franklin Templeton’s entry into cryptocurrency continues to grow. While its Franklin Bitcoin ETF (EZBC) has $708 million in assets under management (AUM)—ranking ninth out of 11 U.S. spot Bitcoin ETFs—it lags far behind the $56.6 billion in AUM for BlackRock’s iShares Bitcoin ETF (IBIT). Franklin Templeton’s Ethereum ETF (EZET) is seventh in its category, with $34 million in AUM. The asset management company actively engages with the crypto community even though it still substantially trails competitors in AUM. The firm’s…

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Filed under: News - @ February 21, 2025 1:18 am