Franklin Templeton launches Bitcoin and Ethereum Index ETFs

BlockBeats News: On February 21st, Franklin Templeton announced the launch of an exchange traded fund (ETF) that holds both spot Bitcoin and Ethereum. The Franklin Crypto Index ETF (EZPZ) is the second cryptocurrency index ETF to enter the US market, following the launch of the Nasdaq Crypto Index US ETF (NCIQ) by asset management company Hashdex on February 14th. EZPZ Fund holds a basket of assets referenced by the US CF Institutional Digital Asset Index. As of February 20th, the index only tracks Bitcoin and Ethereum. According to CF Benchmarks data, as of February 20th, the asset composition of this market capitalization weighted index is approximately 87% BTC and 13% ETH. Franklin Templeton plans that EZPZ will hold more cryptocurrencies in the future, ultimately providing a "one-stop" cryptocurrency investment portfolio for American investors as the index expands.