Franklin Templeton Expands Its Digital Asset ETP Suite With Launch of the Franklin Crypto Index ETF
Franklin Templeton has launched the Franklin Crypto Index ETF (EZPZ), an exchange-traded product providing exposure to bitcoin and ether price movements. The ETF tracks the CF Institutional Digital Asset Index, weighted approximately 82% to bitcoin and 18% to ether, with custody managed by Coinbase.
The ETP features a sponsor fee of 0.19%, which will be waived for investors until August 31, 2025. EZPZ is Franklin Templeton's third digital asset ETP, following the Franklin Bitcoin ETF (EZBC) launched on January 11, 2024, and the Franklin Ethereum ETF (EZET) launched on July 23, 2024.
The index includes the largest digital assets complying with major financial jurisdictions' regulations and standards. The ETP intends to add new coins as they become eligible for index inclusion, aiming to represent beta for crypto.
Franklin Templeton ha lanciato il Franklin Crypto Index ETF (EZPZ), un prodotto scambiato in borsa che offre esposizione ai movimenti di prezzo di bitcoin ed ether. L'ETF segue il CF Institutional Digital Asset Index, pesato approssimativamente per l'82% in bitcoin e per il 18% in ether, con la custodia gestita da Coinbase.
L'ETP presenta una commissione di sponsor dello 0,19%, che sarà annullata per gli investitori fino al 31 agosto 2025. EZPZ è il terzo ETP di asset digitali di Franklin Templeton, dopo il Franklin Bitcoin ETF (EZBC) lanciato l'11 gennaio 2024 e il Franklin Ethereum ETF (EZET) lanciato il 23 luglio 2024.
L'indice include i più grandi asset digitali che rispettano le normative e gli standard delle principali giurisdizioni finanziarie. L'ETP intende aggiungere nuove monete man mano che diventano idonee per l'inclusione nell'indice, puntando a rappresentare il beta per le criptovalute.
Franklin Templeton ha lanzado el Franklin Crypto Index ETF (EZPZ), un producto cotizado que proporciona exposición a los movimientos de precios de bitcoin y ether. El ETF sigue el CF Institutional Digital Asset Index, ponderado aproximadamente un 82% en bitcoin y un 18% en ether, con la custodia gestionada por Coinbase.
El ETP cuenta con una tarifa de patrocinio del 0,19%, que será exonerada para los inversores hasta el 31 de agosto de 2025. EZPZ es el tercer ETP de activos digitales de Franklin Templeton, después del Franklin Bitcoin ETF (EZBC) lanzado el 11 de enero de 2024 y el Franklin Ethereum ETF (EZET) lanzado el 23 de julio de 2024.
El índice incluye los activos digitales más grandes que cumplen con las regulaciones y estándares de las principales jurisdicciones financieras. El ETP tiene la intención de agregar nuevas monedas a medida que se vuelvan elegibles para la inclusión en el índice, con el objetivo de representar el beta para las criptomonedas.
프랭클린 템플턴이 프랭클린 크립토 인덱스 ETF (EZPZ)를 출시했습니다. 이 거래소 거래 상품은 비트코인과 이더의 가격 변동에 대한 노출을 제공합니다. 이 ETF는 CF Institutional Digital Asset Index를 추적하며, 비트코인에 약 82%, 이더에 18%의 비중을 두고 있으며, 자산 보관은 Coinbase가 관리합니다.
ETP는 0.19%의 스폰서 수수료를 부과하며, 2025년 8월 31일까지 투자자에게 면제됩니다. EZPZ는 프랭클린 템플턴의 세 번째 디지털 자산 ETP로, 2024년 1월 11일에 출시된 프랭클린 비트코인 ETF (EZBC)와 2024년 7월 23일에 출시된 프랭클린 이더리움 ETF (EZET)에 이어 출시되었습니다.
이 지수는 주요 금융 관할권의 규정 및 기준을 준수하는 가장 큰 디지털 자산을 포함합니다. ETP는 새로운 코인이 지수 포함 자격을 갖추게 되면 추가할 계획이며, 이는 암호화폐의 베타를 나타내는 것을 목표로 합니다.
Franklin Templeton a lancé le Franklin Crypto Index ETF (EZPZ), un produit négocié en bourse offrant une exposition aux mouvements de prix de bitcoin et d'ether. L'ETF suit le CF Institutional Digital Asset Index, pondéré à environ 82 % en bitcoin et 18 % en ether, avec la garde gérée par Coinbase.
Le ETP présente des frais de parrainage de 0,19 %, qui seront annulés pour les investisseurs jusqu'au 31 août 2025. EZPZ est le troisième ETP d'actifs numériques de Franklin Templeton, après le Franklin Bitcoin ETF (EZBC) lancé le 11 janvier 2024 et le Franklin Ethereum ETF (EZET) lancé le 23 juillet 2024.
L'indice comprend les plus grands actifs numériques conformes aux réglementations et normes des principales juridictions financières. Le ETP prévoit d'ajouter de nouvelles pièces à mesure qu'elles deviennent éligibles pour l'inclusion dans l'indice, visant à représenter le bêta pour les crypto-monnaies.
Franklin Templeton hat den Franklin Crypto Index ETF (EZPZ) gestartet, ein an der Börse gehandeltes Produkt, das eine Beteiligung an den Preisbewegungen von Bitcoin und Ether bietet. Der ETF verfolgt den CF Institutional Digital Asset Index, der ungefähr zu 82% in Bitcoin und zu 18% in Ether gewichtet ist, wobei die Verwahrung von Coinbase verwaltet wird.
Der ETP hat eine Sponsorengebühr von 0,19%, die für Anleger bis zum 31. August 2025 erlassen wird. EZPZ ist das dritte digitale Vermögens-ETP von Franklin Templeton, nach dem Franklin Bitcoin ETF (EZBC), der am 11. Januar 2024 gestartet wurde, und dem Franklin Ethereum ETF (EZET), der am 23. Juli 2024 gestartet wurde.
Der Index umfasst die größten digitalen Vermögenswerte, die den Vorschriften und Standards der wichtigsten Finanzjurisdiktionen entsprechen. Der ETP beabsichtigt, neue Coins hinzuzufügen, sobald sie für die Indexaufnahme berechtigt sind, mit dem Ziel, das Beta für Krypto zu repräsentieren.
- Launch of new crypto index ETF providing exposure to both Bitcoin and Ethereum
- Low sponsor fee of 0.19% waived until August 31, 2025
- Secure custody provided by established player Coinbase
- Expanding digital asset product suite showing market leadership
- None.
Insights
Franklin Templeton's launch of EZPZ marks a strategic evolution in institutional crypto investment products, representing the firm's third digital asset ETP within 13 months. The product's structure offers several notable advantages: 0.19% sponsor fee (temporarily waived), significantly undercutting traditional crypto fund fees that often exceed 1%, and institutional-grade custody through Coinbase.
The index methodology, weighted by market capitalization (82% Bitcoin, 18% Ethereum), provides a sophisticated approach to crypto market beta exposure. This structure allows for future expansion to include additional cryptocurrencies as they meet regulatory standards, demonstrating forward-thinking product development that could adapt to market evolution.
The rapid expansion of Franklin Templeton's crypto product suite - from EZBC to EZET and now EZPZ - signals a broader trend of traditional asset managers establishing comprehensive digital asset offerings. This institutional backing could accelerate crypto market maturation and potentially reduce the barrier to entry for conservative investors who have been hesitant to invest in single-asset crypto products.
The partnership with Coinbase for custody services addresses a critical concern in crypto investment - secure asset storage. This institutional-grade security infrastructure, combined with the regulated ETF structure, could attract investors who previously avoided direct crypto exposure due to custody and regulatory concerns.
The product's flexibility to add new cryptocurrencies as they become eligible for index inclusion represents a dynamic approach to crypto investment, potentially offering investors exposure to emerging blockchain technologies without requiring active portfolio management. This feature could become particularly valuable as the crypto ecosystem continues to evolve and new significant players emerge.
EZPZ provides investors with exposure to spot Bitcoin and Ethereum
“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.”
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the
About Franklin Templeton ETFs
At Franklin Templeton, we've built an all-weather ETF and ETP platform. With over
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The Sponsor may, at its sole discretion and from time to time, waive all or a portion of the Sponsor’s Fee for stated periods of time. The Sponsor is under no obligation to waive any portion of its fees and any such waiver shall create no obligation to waive any such fees during any period not covered by the waiver. For a period commencing on the day the Shares are initially listed on the Exchange to August 31, 2025, the Sponsor will waive the entire Sponsor’s Fee on the first
$10.0 billion
The Fund has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Fund has filed with the SEC, when available, for more complete information about the Fund and this offering. You may obtain these documents for free by visiting EDGAR on the SEC website at sec.gov or by visiting franklintempleton.com.
This is not a direct investment in bitcoin or ether, but rather, an exchange-traded product that invests in bitcoin and ether (“Digital Assets”).
All investments involve risks, including possible loss of principal. Before you invest, for more complete information about the Fund and this offering, you should carefully read the Fund's prospectus.
The Fund is not an investment company registered under the Investment Company Act of 1940 (1940 Act), and therefore is not subject to the same regulatory requirements as mutual funds or ETFs registered under the 1940 Act. The Fund is not a commodity pool for purposes of the Commodity Exchange Act (CEA) and accordingly is not subject to the regulatory protections afforded by the CEA.
The Fund holds only bitcoin, ether and cash and is not suitable for all investors. The Fund is not a diversified investment and, therefore, is expected to be more volatile than other investments, such as an investment in a more broadly diversified portfolio. An investment in the Fund is not intended as a complete investment plan. The Fund issues a Schedule K-1.
An investment in the Fund is subject to market risk with respect to the digital asset markets. The trading price of the Digital Assets held by the Fund may go up and down, sometimes rapidly or unpredictably. The value of the Fund’s Shares relates directly to the values of the Digital Assets, which have been in the past, and may continue to be, highly volatile and subject to fluctuations due to a number of factors. Extreme volatility in the future, including substantial, sustained or rapid declines in the trading prices of the Digital Assets, could have a material adverse effect on the value of the Shares and the Shares could lose all or substantially all of their value.
Competitive pressures may negatively affect the ability of the Fund to garner substantial assets and achieve commercial success.
Digital assets represent a new and rapidly evolving industry, and the value of the Fund’s Shares depends on the acceptance of the Digital Assets. Due to the relative unregulated nature and lack of transparency surrounding the operations of digital asset exchanges, which may experience fraud, manipulation, security failures or operational problems, as well as the wider Digital Assets markets, the value of the Digital Assets and, consequently, the value of the Shares may be adversely affected, causing losses to Shareholders.
Digital asset markets in the
The Underlying Index, as well as the index prices used to calculate the value of the Fund’s Digital Assets have limited performance history and may be volatile, and could experience calculation or other errors, in which case the Underlying Index price could fail to track the Digital Asset prices, which could adversely affect the value of the Shares. Moreover, the Index Administrator could experience system failures or errors. Errors in the Index data, computations and/or construction may occur from time to time and may not be identified and/or corrected for a period of time or at all, which may have an adverse impact on the Fund and the Shareholders. A temporary or permanent “fork” in the Bitcoin or Ethereum blockchains could adversely affect the value of the Shares. The Fund does not have the ability or intention to hold any asset (including any crypto asset) other than bitcoin, ether and cash. Shareholders may not receive the benefits of any forks or “airdrops.” Forks or airdrops may result in extraordinary expenses borne by the Fund.
The Fund is a passive investment vehicle and is not actively managed, meaning it does not manage its portfolio to sell Digital Assets at times when its price is high, or acquire Digital Assets at low prices in the expectation of future price increases. Also, the Fund does not use any hedging techniques to attempt to reduce the risks of losses resulting from Digital Assets price decreases. The Fund is not a leveraged product and does not utilize leverage, derivatives or similar instruments or transactions. The Fund's Shares are not interests or obligations of the Fund's Sponsor or its affiliates, and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency.
The amounts of Digital Assets represented by each Share will decrease over the life of the Fund due to the sales of Digital Assets necessary to pay the Sponsor’s Fee and other Fund expenses including costs incurred in connection with rebalancing/reconstitutions of the Fund’s investments in accordance with the Underlying Index. Without increases in the price of Digital Assets sufficient to compensate for that decrease, the price of the Shares will also decline and you will lose money on your investment in Shares.
Security threats to the Fund’s account at the Digital Assets Custodian or Prime Broker could result in the halting of Fund operations and a loss of Fund assets or damage to the reputation of the Fund, each of which could result in a reduction in the value of the Shares. The Fund will not stake the Digital Assets it holds, so an investment in the Fund’s shares will not realize the economic benefits of staking.
If the process of creation and redemption of Creation Units encounters any unanticipated difficulties, the possibility for arbitrage transactions by Authorized Participants intended to keep the price of the Shares closely linked to the price of Digital Assets may not exist and, as a result, the price of the Shares may fall or otherwise diverge from NAV.
The Fund will seek to add additional digital assets if the Underlying Index adds them. Due to potential timing differences in related regulatory approvals, the Fund performance may differ significantly from the Underlying Index performance during any times when the Fund is not yet invested in these additional digital assets.
The Fund seeks to provide investment results that correspond to the Digital Assets exposure of the Underlying Index, and will not speculatively trade Digital Assets based on price movements.
Franklin Distributors, LLC. Member FINRA, SIPC. Marketing agent for the Franklin Crypto Index ETF.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Copyright © 2025. Franklin Templeton. All rights reserved.
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Beverly Khoo, (917) 319-6855, beverly.khoo@franklintempleton.com
Source: Franklin Templeton
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