The financial service giant Franklin Templeton has launched a mixed Bitcoin (BTC) and Ethereum (ETH) Spot Exchange-Traded Fund (ETF).
Coinbase will offer the guardianship services for the new Franklin Crypto Index ETF (EZPZ), the third crypto exchange fund of the company.
Franklin Templeton also launched single-asset Bitcoin and Ethereum ETFs last year.
The new fund will CF Institutional Digital Assets -IndexAn investable benchmark portfolio index that is currently 86.51% BTC and 13.49% ETH weighed.
David Mann, the global head of ETF product and capital markets in Franklin Templeton, out The new ETF could evolve over time and represents the ‘relentless commitment’ of the company for innovation.
“EZPZ offers a handy and cheap way to get exposure to the two most established and largest blockchain ecosystems. In the longer term, the ETP is planning to add new coins if they are eligible for inclusion inclusion. It is our hope that this ETP is evolving to represent beta for crypto. “
Franklin Templeton follows in the footsteps of the Crypto -Activa management company Hashdex, that launched A joint BTC ETH ETF earlier this month.
Bloomberg ETF analyst James Seyffart to predict Both products “will ultimately be crypto -index -eetfs like the [U.S. Securities and Exchange Commission] Makes more digital assets possible in the ETF -Wrapper. “
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