Global asset management giant Franklin Templeton announced on Thursday (20th) that it will list the latest cryptocurrency ETF product on the US CboeBZX exchange - the Franklin Crypto Index ETF holding Bitcoin and Ethereum spot stock code EZPZ.
According to Cointelegraph and Decrypt, Franklin's EZPZ is the second cryptocurrency index ETF to be successfully listed in the United States. The first crypto index ETF to be listed is the Nasdaq Crypto Index US ETF (NCIQ) launched by asset management company Hashdex on the Nasdaq Exchange on February 14. Both ETFs were approved by the U.S. Securities and Exchange Commission (SEC) on December 19 last year.
EZPZ tracks the price trends of two mainstream coins, BTC and ETH based on the CF Benchmark institutional digital asset index launched last year, and weights the two top cryptocurrencies based on market value. As of February 20, the market capitalization weighted index consists of about 87% BTC and 13% ETH.
Franklin plans to increase its holdings of more cryptocurrencies
Franklin Templeton said in a press release that the company plans to allow EZPZ to hold more cryptocurrencies added to the index, saying: "This innovative issuance plan will include new digital assets in the underlying index after obtaining the necessary regulatory approvals."
The company also pointed out that EZPZ allows people to access Bitcoin and Ether, saving the hassle of direct purchases, and the 0.19% fee rate will also make it a cheap channel for investors to use emerging asset classes.
"Blockchain is becoming an important tool for the current and future information and data economy. Through EZPZ, we provide a simple, low-cost way to access this growing important asset class."
Litecoin Spot ETFs have been pre-listed on DTCC
As Trump, who supports cryptocurrencies, returns to the White House, U.S. financial regulators, such as the SEC, are relaxing their supervision of cryptocurrencies, and asset management companies have submitted a series of documents to the SEC to apply for listing ETFs holding spot altcoins, including Solana (SOL), Ripple (XRP), Litecoin (LTC), ADA (ADA), and even Dogecoin, the King of Meme Coin.
The latest news shows that Canary Litecoin Spot ETF (LTCC) has been listed on the active and pre-listing list of the official website of the United States Securities Depository and Clearing Corporation (DTCC). The creation/redemption column is displayed as D. The community regards this as a powerful signal that the Litecoin ETF is about to be approved for listing.
Bloomberg Analyst: The probability of Litecoin ETF being approved is 90%
In response to this news, Eric Balchunas, a senior Bloomberg ETF analyst, commented: Although this does not mean that it has been approved or ready to start a transaction, it does indicate that the issuer is preparing for the transaction. We still believe that there is a 90% chance of Litecoin ETF being approved.
Last month, Balchunas tweeted that he was optimistic about the Litecoin spot ETF becoming the next approved cryptocurrency ETF.
"The Litecoin ETF now meets all conditions. The first altcoin ETF in 2025 is coming soon. Given that the SEC commented on the S-1 form, Litecoin is considered a commodity, and the SEC has replaced its new leadership, I don't see any reason to withdraw the plan."
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