Franklin Templeton has expanded its crypto exchange-traded product offerings with the launch of the Franklin Crypto Index ETF, trading under the ticker EZPZ.

Third Major Crypto Exchange-Traded Fund

This marks the asset manager’s third major crypto exchange-traded fund, following the Franklin Bitcoin ETF (ticker: EZBC) and Franklin Ethereum ETF (ticker: EZET), which were approved in January and June, respectively.

Market Capitalizations of BTC and ETH

The new exchange-traded product will offer exposure to the price movements of Bitcoin and Ethereum, seeking to reflect the market capitalizations of the two largest digital assets.

Notably, Bitcoin and Ethereum spot ETFs remain the only single-asset spot crypto ETFs in the U.S. The fund’s weighting consists of 82% Bitcoin and 18% Ethereum.

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.

David Mann, global head of ETF product and capital markets at Franklin Templeton, expressed his hopes for the new fund’s evolution.

Investment Details

Franklin Templeton’s new fund will be custodied by Coinbase. The sponsor fee for EZPZ is 0.19%, although Franklin Templeton plans to waive the fee until Aug. 31, 2025, or until the fund reaches its first $10 billion in assets.

Trends in the Crypto Market

In recent months, asset managers have increased efforts to introduce more spot crypto exchange-traded funds to the market, including altcoin-focused products for XRP, Solana, Litecoin, and Dogecoin.

The Securities and Exchange Commission has acknowledged most of these filings, setting in motion a timeline towards the eventual approval or rejection.

For more updates on the crypto market and exchange-traded funds, visit Global Crypto News.

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