Franklin Templeton’s Crypto Index ETF awaits SEC approval, aiming to provide institutional investors with regulated exposure to bitcoin and ether without staking risks.
Franklin Templeton Crypto Index ETF Awaits Green Light to Trade on Cboe BZX Exchange
Franklin Templeton is moving forward with its crypto ETF, pending approval from the U.S. Securities and Exchange Commission (SEC). The Franklin Crypto Index ETF will provide institutional investors with regulated exposure to bitcoin and ether, with secure custody and no staking risks.
The asset manager filed Amendment No. 2 to its Form S-1 Registration Statement with the SEC on Feb. 6, 2025. The ETF is designed to track the CF Institutional Digital Asset Index – US–Settlement Price, holding only bitcoin and ether at launch. Coinbase Custody Trust Company LLC will serve as the crypto custodian, while Bank of New York Mellon will handle cash custody, administration, and transfer services.
SEC Review and Regulatory Process
Franklin Templeton originally filed its Form S-1 on Aug. 16, 2024. The ETF’s approval process has been ongoing since Sept. 19, 2024, when Cboe BZX Exchange proposed a rule change to list the fund. After multiple amendments and public comment periods, the SEC has yet to reach a final decision.
The fund will be listed under the ticker symbol “EZPZ” and issue shares in Creation Units of 50,000 shares. Transactions will be conducted in cash, and the ETF will not participate in staking or yield-generating activities.
Institutional Investment and Market Impact
Franklin Resources Inc., Franklin Templeton’s parent company, seeded the fund with $100,000, purchasing 4,000 shares at $25 each. The capital was converted into bitcoin and ether in preparation for trading.
If approved, the Franklin Crypto Index ETF will provide a regulated and cost-effective option for institutions seeking crypto market exposure. However, the SEC must approve the registration statement before trading begins.
“These securities may not be sold until the registration statement filed with the SEC is effective,” the filing states. Stay updated on SEC decisions and market developments follow for the latest crypto ETF news.
