Investment firm Franklin Templeton has submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF) that will include both Bitcoin and Ether. The proposed fund, called the Franklin Crypto Index ETF, would trade under the ticker symbol “EZPZ” and use Coinbase as its digital asset custodian.
The ETF will allocate holdings of Bitcoin and Ether based on their market capitalization, though specific details about the fund’s initial composition have not yet been disclosed. According to the S-1, Franklin Templeton may add other digital assets to the fund in the future, pending regulatory approval.
The ETF would be traded on the Cboe BZX exchange, which recently sought approval for ETFs holding Solana. However, some industry experts remain doubtful that a Solana ETF will pass under the current political climate.
Franklin Templeton’s move follows closely behind Hashdex, which filed an S-1 on July 24 for a similar ETF after the approval of spot Ethereum ETFs. The SEC has postponed its decision on Hashdex’s proposal, extending the deadline to September 30, 2024, for further action.
If approved, Franklin Templeton’s EZPZ would become part of the expanding roster of crypto-focused ETFs, providing investors with exposure to several leading digital assets.
