What do you get when you combine EZBC and EZET? According to the launch of Franklin Templeton’s Crypto Index ETF, the result is EZPZ.
Representing the ticker name of Franklin Templeton’s newest crypto product listed on the Cboe BZX exchange on Thursday, EZPZ offers investors both Bitcoin and Ethereum exposure.
The product tracks price movements for the two top cryptocurrencies based on CF Benchmark’s Institutional Digital Asset Index, which debuted last year, and focuses on coins “recognized as being in conformance with major financial jurisdictions prevailing capital markets.”
That means that instead of targeting just one cryptocurrency, the index weights top coins by market capitalization. As a result, 82% of a dollar invested in EZPZ would be exposed to Bitcoin’s price, while 18% would be correlated to Ethereum’s performance.
EZPZ’s start follows Franklin Templeton’s introduction of spot Bitcoin and Ethereum ETFs last year. The financial giant, alongside its push into the digital assets space, first launched FOBXX, a
