Franklin Templeton has filed an S-1 application with the U.S. Securities and Exchange Commission (SEC) to launch a cryptocurrency index ETF.
The proposed fund – the “Franklin Crypto Index ETF” – aims to provide investors with exposure to the performance of Bitcoin and Ethereum through a regulated financial product.
The proposed ETF would track the CF Institutional Digital Asset Index, which currently includes only BTC and ETH. However, the filing states that the fund may incorporate other cryptocurrencies in the future, depending on regulatory developments and market conditions.
Coinbase Custody Trust Company has been selected as the custodian for the fund's digital assets, while Bank of New York Mellon will manage cash holdings and perform administrative duties.
If approved, the ETF would list on the CBOE BZX exchange under the ticker “EZPZ.” CBOE is also seeking regulatory approval to allow the creation and redemption of ETF shares using digital assets.
Franklin Templeton’s application comes amid growing demand for diversified products and intensifying competition among asset managers to launch crypto ETFs.
In June, Hashdex filed for approval of its own ETF, the Hashdex Nasdaq Crypto Index US ETF, which also targets Bitcoin and Ethereum. The SEC has extended its review period for that application, with a decision expected by September 30.
Meanwhile, other asset managers – including Grayscale – have hinted at preparing to launch similar ETFs, while VanEck has filed to launch a Solana ETF.
Interest in crypto ETFs reflects a broader trend of increased institutional involvement in digital assets. Despite recent volatility in crypto prices, there is growing recognition of the role these assets can play in a diversified investment portfolio.
The latest ETF proposal is part of Franklin Templeton’s broader strategy to expand its offerings in the digital asset space. The company already offers direct exposure to Bitcoin and Ethereum through spot ETFs launched earlier this year.
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