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Franklin Templeton has launched the EZPZ ETF, which offers exposure to both Bitcoin and Ethereum.
Listed on the Cboe BZX exchange, the product tracks CF Benchmark’s Institutional Digital Asset Index, which includes assets that meet the regulatory standards of major financial markets.
EZPZ distributes its holdings based on market capitalization with 82% of an investor's allocation going to Bitcoin and 18% tied to Ethereum. The product joins the asset manager's basket of digital asset-related products including spot Bitcoin (EZBC) and Ethereum (EZET) ETFs.
“Blockchains are emerging as important utilities for the current and future information and data economies,” Roger Bayston, Franklin Templeton’s head of digital assets, said.
“With EZPZ, we’re offering a simple, low-cost way to gain exposure to this growing and important asset class.”
EZBC is the ninth biggest US Bitcoin ETF, holding $708 million in assets under management (AUM), far behind BlackRock’s IBIT, which dominates the market with $57.92 billion in AUM.
Last week, Franklin Templeton introduced expanded its US Government Money Market Fund (FOBXX) to the Solana blockchain.
As the third-largest tokenized money market fund with a $594 million market cap, FOBXX's presence on Solana signals increasing institutional interest in blockchain technology.
The fund, which has 544 holders, is already available on Ethereum, Coinbase’s Base, Aptos, and Avalanche as of last year. Stellar serves as the fund’s primary blockchain.
Blockhead
FOBXX invests 99.5% of its total assets in US government securities, cash, and repurchase agreements fully collateralized by US government securities or cash. The fund offers a 4.55% APY.
Franklin is laso to join the Solana ETF race after filing its registration documents for a Franklin Solana Trust in Delaware with the US Security Exchange Commission (SEC).
The CSC Delaware Trust Company, which also registered crypto trust products for other asset managers, helped Franklin to form its Franklin's Solana Trust.
Franklin Templeton has been bullish on Solana since July 2024. "Besides Bitcoin and Ethereum, there are other exciting and major developments that we believe will drive the crypto space forward," the asset manager said at the time.
"Solana has shown major adoption and continues to mature, overcoming technological growing pains and highlighting the potential of high-throughput, monolithic architectures."
