Franklin Templeton has launched the Franklin Crypto Index ETF (EZPZ), an exchange-traded fund holding both spot Bitcoin and Ether, the asset manager announced on February 20.
This marks the second cryptocurrency index ETF to hit the US market, following Hashdex’s Nasdaq Crypto Index US ETF (NCIQ), which launched on February 14.
EZPZ tracks the US CF Institutional Digital Asset Index, which currently consists solely of Bitcoin and Ether.
As of February 20, the index is market-cap weighted, with approximately 87% allocated to BTC and 13% to ETH, according to CF Benchmarks.
Managed with secure custody by Coinbase, the fund offers a 0.19% sponsor fee, which will be waived for investors until August 31, 2025.
Franklin Templeton’s crypto ETFs
Franklin Templeton plans to expand the ETF’s holdings as more digital assets are added to the index, ultimately positioning EZPZ as a diversified crypto portfolio for US investors.
The asset manager highlighted that EZPZ offers exposure to Bitcoin and Ether “without the hassle of buying them directly.”
It also noted that additional cryptocurrencies will be included in the ETF once they meet regulatory requirements.
EZPZ is Franklin Templeton’s third digital asset exchange-traded product (ETP) within a year.
The firm previously launched the Franklin Bitcoin ETF (EZBC) on January 11, 2024, and the Franklin Ethereum ETF (EZET) on July 23, 2024.
“This expanding suite of digital asset ETPs highlights Franklin Templeton’s ongoing commitment to providing secure, transparent, and modern investment solutions that address the evolving needs of clients,” the company stated.
Like Franklin Templeton, Hashdex’s NCIQ currently holds only BTC and ETH but has similar plans to broaden its asset selection in the future.
Since Trump’s return to the Oval Office, asset managers have filed numerous regulatory applications to list ETFs holding altcoins, including Solana (SOL), XRP, and Litecoin (LTC), among others.
Bloomberg Intelligence expects “relatively high odds of approval across the board” for the new crypto ETF filings.
James Seyffart, a Bloomberg Intelligence ETF analyst who correctly predicted spot Bitcoin ETFs, recently estimated a 90% chance of approval for a Litecoin ETF in the coming months and a 75% chance for a Dogecoin ETF.
BTC and ETH ETF’s recent inflows
Ethereum ETFs recorded $19.02 million in net inflows on Feb. 19, 2025, extending a four-day streak that has brought total inflows to $48.19 million, according to SoSoValue data.
In contrast, Bitcoin ETFs saw another day of outflows, losing $71.07 million as investors continued to exit bearishly.
BTC funds have now faced consistent outflows since Feb. 10, with last week’s net exits totaling $585.65 million.
This marked the first week of outflows after six consecutive weeks of inflows.
The Fidelity Wise Origin Bitcoin Fund (FBTC) experienced the largest outflows at $282.2 million, followed by ARK 21Shares Bitcoin ETF (ARKB) with $162.9 million.
In contrast, the iShares Bitcoin Trust (IBIT) saw net inflows of $105.6 million, bucking the broader trend.
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