Franklin Templeton yesterday announced the launch of an ETF that holds spot Bitcoin and Ether.
Called the Franklin Crypto Index ETF (EZPZ), it is the second cryptocurrency ETF to enter the market, following the launch of Hashdex's Nasdaq Crypto Index US ETF (NCIQ) on Feb. 14.
Franklin Templeton's EZPZ fund is based on the US CF Institutional Digital Asset Index,, which currently only tracks Bitcoin and Ether.
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According to CF Benchmarks, the market capitalization-weighted index is comprised of approximately 87% Bitcoin and 13% Ether at this time.
Franklin Templeton intends to expand the EZPZ to include more cryptocurrencies as they are added to the index.