Franklin Templeton has introduced the Franklin Crypto Index ETF (EZPZ), an exchange-traded fund that invests in both spot Bitcoin and Ether. Launched on February 20, 2025, this ETF is the second cryptocurrency index ETF available in the U.S. market following Hashdex’s Nasdaq Crypto Index US ETF (NCIQ), which debuted on February 14. The EZPZ fund's asset allocation is approximately 87% Bitcoin and 13% Ether, as per CF Benchmarks. The fund is designed to ease the investment process in cryptocurrencies, allowing investors to gain exposure without directly buying them. Franklin Templeton intends to expand the fund's portfolio to include additional cryptocurrencies as they are recognized by the index and regulatory requirements are met. The move comes amid a more favorable regulatory climate in the U.S. for crypto assets, particularly after changes in political leadership.

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