Franklin Templeton Files for Crypto Index ETF That Would Initially Hold BTC & ETH
Franklin Templeton, one of the first companies to issue a spot Bitcoin exchange-traded fund (ETF) in the United States, is pushing deeper into digital
Franklin Templeton, a pioneer in launching a spot Bitcoin exchange-traded fund (ETF) in the United States, is expanding its presence in the digital asset market with a new ETF structured as a diversified crypto portfolio.
The asset management giant has filed an S-1 registration statement with the US Securities and Exchange Commission (SEC) for a crypto index ETF, to be listed under the ticker EZPZ and designed to track the performance of the CF Institutional Digital Asset Index.
Franklin Templeton’s Crypto ETF Awaits SEC Approval
According to the filing on Aug. 16, the EZPZ ETF will initially hold Bitcoin (BTC) and Ethereum (ETH).
“The Fund will seek to achieve its investment objective by investing in the Digital Assets in approximately the same weights as they represent in the Underlying Index,” Franklin Templeton explained, adding that the index fund may also hold other types of cryptocurrencies in the future, subject to approval.
Franklin Templeton files for Crypto Index ETF…Would initially hold btc & eth.Here we go. pic.twitter.com/K3o8qI2QZq
The ETF aims to provide investors with a diversified entry point into the world of digital assets, while also leveraging Franklin Templeton’s recognized institutional strength. The filing also notes that the Chicago Board Options Exchange (CBOE) is awaiting regulatory approval to permit the in-kind creation and redemption of shares using cryptocurrencies.
Coinbase, the largest crypto exchange in the US, will serve as the custodian for Franklin’s proposed fund, a role it has also undertaken for other top fund managers that have launched crypto ETFs on Wall Street. Bank of New York Mellon will handle cash administration and act as the fund administrator and transfer agent.
It’s worth noting that Franklin Templeton is among the early movers in the market for crypto index ETFs, which are now emerging as the next area of focus for crypto ETF providers following the successful launch of spot BTC and Ether ETFs earlier this year.
Franklin's product will face competition from the Hashdex Nasdaq Crypto Index US ETF, which became the first dual Bitcoin and Ethereum ETF to seek regulatory approval in June. However, earlier this month, the SEC announced that it will require additional time to decide whether Hashdex’s proposed ETF can be listed on the Nasdaq exchange.
The latest filing comes as Franklin Templeton is reportedly eyeing Solana for its next spot crypto ETF offering.
The above is the detailed content of Franklin Templeton Files for Crypto Index ETF That Would Initially Hold BTC & ETH. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics











American business intelligence and software firm MicroStrategy Inc. has announced plans to offer the public up to $1.75 billion of its Convertible Senior Notes.

Glauber Contessoto, also known as "Dogecoin millionaire," expressed bullish sentiments on Ethereum ETH/USD, predicting a parabolic rise for the second-largest cryptocurrency.

US President-elect Donald Trump is continuing to shape his administration with pro-crypto figures by nominating Bitcoin-friendly Congressman Matt Gaetz as Attorney General.

Here is the list of the top five new cryptocurrencies to invest in before they skyrocket. These newly launched projects possess massive gains

Crypto's on fire this November, with some of the top coins hitting fresh milestones. XRP just hit a major landmark by burning 13 million tokens

Even after about three years since it placed its bet on Bitcoin (BTC), Elon Musk's electric vehicle manufacturer, Tesla, is still reaping the benefits

MicroStrategy intends to use the net proceeds to acquire additional Bitcoin and for general corporate purposes. The offering will be available to institutional investors and certain non-US buyers.

This milestone comes as former Binance CEO Changpeng Zhao predicts more nations will adopt Bitcoin as legal tender.