Franklin Templeton Files for Bitcoin and Ethereum Index ETF in the US

Global investment firm Franklin Templeton has submitted an S-1 registration form to the US Securities and Exchange Commission (SEC) for a crypto index ETF that will track the performance of Bitcoin and Ethereum.

Global investment firm Franklin Templeton has filed with the US Securities and Exchange Commission (SEC) to launch a crypto index ETF that will track the performance of Bitcoin and Ethereum.

According to a filing dated August 16, the fund, dubbed the “Franklin Crypto Index ETF,” will provide investors with a diversified entry point into the world of digital assets, while also benefiting from Franklin's institutional backing.

The ETF will concentrate on the two largest digital assets, as stated in the filing. However, if the index adds additional digital assets in the future, Franklin will adjust the fund's structure as necessary, subject to regulatory approval.

Coinbase Custody Trust Company will serve as the custodian for the fund's digital asset holdings, while Bank of New York Mellon will handle cash holdings and act as the fund's administrator and transfer agent.

The fund, if approved, will be listed on the Cboe BZX Exchange and will trade under the ticker symbol “EZPZ.” The filing states that the Cboe is currently awaiting regulatory approval to permit in-kind creation and redemption of shares using digital assets.

Franklin Templeton's latest move comes amid growing institutional interest in digital assets, particularly Bitcoin and Ethereum.

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