On Friday, investment firm Franklin Templeton registered an S-1 form with the U.S. Securities and Exchange Commission suggesting a new exchange-traded fund trading under the ticker EZPZ, which would own bitcoin and ether.
Initially holding a yet-unknown amount of bitcoin and ether weighted by the market capitalization of every digital asset, the ETF—also known as the Franklin Crypto Index ETF—would be the digital asset custodian of the proposed fund.
Should the fund get regulatory clearance, the S-1 filing indicates that future additional digital assets could be added to the ETF. Franklin Templeton’s EZPZ would also trade Exchange Cboe BZX, which filed paperwork seeking regulatory clearance for ETFs holding Solana in July. Though several crypto experts have voiced doubt that Solana ETF could be permitted under the present political government,.
Franklin-Templeton’s filings match those of Hashdex, which registered its own S-1 for an ETF with a similar structure on July 24, two days after spot Ethereum ETFs were authorized to start trading. The SEC has lately delayed its ruling on Hashdex’s submission. The agency granted itself until September 30, 2024, to implement the suggested rule modification.
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