Franklin Templeton Expands Its Digital Asset ETP Suite With Launch of the Franklin Crypto Index ETF

Franklin Templeton today launched the Franklin Crypto Index ETF (EZPZ), an innovative exchange-traded product (ETP) providing exposure to the price movements of the two most prominent cryptocurrencies - bitcoin and ether. EZPZ’s sponsor fee of 0.19 percent will be waived for investors until August 31, 20251. “The rapid growth of our ETF business reflects our unwavering commitment to staying at the forefront of innovation,” said David Mann, Global Head of ETF Product and Capital Markets at Franklin Templeton. “EZPZ offers a convenient and low-cost way to gain exposure to the two most established and largest blockchain ecosystems. In the longer-term, the ETP intends to add any new coins as they become eligible for index inclusion. It is our hope this ETP evolves to represent beta for crypto." EZPZ offers investors indirect exposure to the two largest digital assets—bitcoin and ether—through a single investment vehicle. The ETP seeks to track the CF Institutional Digital Asset Index, which is composed of the largest digital assets that comply with the regulations and standards of major financial jurisdictions and capital markets. The index weights by market capitalization and is currently approximately 82 percent to bitcoin and 18 percent to ether. The ETP is managed with secure custody by Coinbase, a trusted leader in digital asset custody. Building on Franklin Templeton’s legacy of innovation, EZPZ is the firm’s third digital asset ETP launch in just over a year. The first ETP, Franklin Bitcoin ETF (EZBC),was launched on January 11, 2024 and the Franklin Ethereum ETF (EZET) launched on July 23, 2024. This expanding suite of digital assets ETPs highlights Franklin Templeton's ongoing commitment to providing secure, transparent, and modern investment solutions that address the evolving needs of clients. “Franklin Templeton is making investing in a low cost portfolio of crypto EZPZ,” said Roger Bayston, Head of Digital Assets at Franklin Templeton. “Blockchains are emerging as important utilities for the current and future information and data economies. These networks are being developed to solve real-world problems and unlock new possibilities. With EZPZ, we’re offering a simple low-cost way to gain exposure to this growing and important asset class.”