- Business
- Franklin Crypto Index ETF (EZPZ) is an exchange-traded fund that seeks to provide investment results corresponding to the performance of the CF Institutional Digital Asset Index - US Settlement Price, a free float-adjusted, market capitalization-weighted index of liquid digital assets compliant with major financial jurisdictions' regulations; it holds Bitcoin, Ether, XRP, Solana, Dogecoin, Cardano, Stellar Lumens, and Chainlink in approximate proportion to their index weights. Sponsored by Franklin Holdings, LLC, a subsidiary of Franklin Resources, Inc., the Fund is a series of Franklin Crypto Trust, a Delaware statutory trust, with Coinbase Custody Trust Company, LLC serving as custodian for digital assets, BNY Mellon as administrator and cash custodian, and Franklin Distributors, LLC as marketing agent and distributor of creation units. Launched on February 20, 2025, and listed on Cboe BZX Exchange, the ETF targets investors seeking diversified exposure to the digital asset market without direct token ownership complexities.
In late 2025, the Fund underwent significant expansion following index reconstitution effective December 1, 2025, adding XRP, Solana, Dogecoin, Cardano, Stellar Lumens, and Chainlink to its prior holdings of Bitcoin and Ether, in reliance on new Cboe BZX and SEC-approved rules permitting broader digital asset custody; this enhances its representation of the crypto ecosystem. Concurrently, the sponsor introduced in-kind creation and redemption options for authorized participants alongside cash processes, improving operational efficiency. These changes, detailed in SEC filings including Form 8-K and prospectus supplements, reflect Franklin Templeton's strategy to broaden digital asset ETP offerings amid regulatory evolution.
The ETF operates globally through U.S.-listed shares accessible to retail and institutional investors focused on cryptocurrency beta, with assets under management at approximately $9.87 million as of recent data and a sponsor fee of 0.19% initially waived on the first $10 billion through August 31, 2025. Headquartered via its sponsor in San Mateo, California, under Franklin Templeton Digital Assets, it emphasizes regulated, cost-effective access to blockchain networks without staking, leverage, or active management.