Franklin Templeton has launched EZBC, a pioneering ETF that offers dual exposure to Bitcoin and Ethereum. This new fund tracks the US CF Institutional Digital Asset Index, with an allocation of 87% Bitcoin and 13% Ethereum.
EZBC makes bitcoin investing easier for traditional investors by eliminating the complications of direct cryptocurrency administration. The ETF has a modest sponsor fee of 0.19%, which is waived until August 2025. Franklin Templeton's digital assets head, Roger Bayston, promotes EZBC's simplicity and cost-effectiveness. The fund aspires to be a "one-stop shop" for diverse cryptocurrency holdings.
This new EZBC ETF has joined Franklin Templeton's growing digital asset portfolio. It follows the successful launching of the Bitcoin ETF (EZBC) and Ethereum ETF (EZET) in 2024. The company intends to increase EZBC's investments as other cryptocurrencies get regulatory permission.
This strategy is consistent with the growing interest in cryptocurrency ETFs across the US. Franklin Templeton's EZBC launch indicates increased trust in digital assets. It connects traditional finance with the rapidly developing cryptocurrency ecosystem.
