Franklin Templeton Introduces Bitcoin and Ethereum ETF
Date: 2025-02-25 Author: Oliver Abernathy Categories: BUSINESS
Franklin Templeton has launched a new EZPZ exchange-traded fund aimed at investing in Bitcoin and Ethereum. At the first stage, the distribution of assets will depend on their market capitalization, with Bitcoin receiving the main share - 82%. The company noted that the 0.19% management fee has been temporarily waived and will not be applied until the end of August.
As David Mann, one of the heads of Franklin Templeton, explained, the new fund provides a simple and affordable way to invest in the largest blockchain ecosystems. In the future, the company is considering adding other cryptocurrencies to the fund.
However, the US Securities and Exchange Commission (SEC) has previously expressed concerns about such investment products. The regulator warned investors, calling Bitcoin and Ethereum ETFs speculative instruments and emphasizing the high volatility of digital assets, as well as the lack of clear regulation in this area.
