Franklin Templeton Launches New Crypto Fund Featuring Bitcoin and Ethereum

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Franklin Templeton, a financial services firm, has announced the launch of a new cryptocurrency fund incorporating Bitcoin and Ethereum . Identified as the company’s third crypto asset-based fund, this product may evolve based on the inclusion of additional cryptocurrencies by U.S. regulatory bodies in the future.

ETF Details

The new fund tracks the CF Institutional Digital Asset Index, which features a portfolio with Bitcoin weighted at 86.51% and Ethereum at 13.49%. The fund aims to develop over time, with plans to add new digital assets that meet index criteria.

Market Assessment

Market participants believe the product could position itself among funds with increasing digital asset exposure. Analyst James Seyffart from Bloomberg points to the potential for regulatory bodies to include additional digital assets. Similar approaches have also been reported, notably by Hashdex in the industry.

“EZPZ provides cost-effective and practical access to the two most established and largest networks. In the long term, we aim to include new coins that align with the index. We hope this ETP becomes a beta indicator for crypto assets.” – David Mann, Franklin Templeton Global ETF Product and Capital Markets Head

This newly launched product reflects trends in the digital asset market while aiming to provide investors with low-cost access. The fund’s future expansion to include more altcoins will depend on regulatory frameworks and market conditions. The introduction of similar products is perceived as a sign of the sector’s openness to innovation.

The product is presented as a notable option among various digital asset strategies in the market. Investors can consider the evolving nature of the product while keeping an eye on developments related to such funds. Market conditions and regulatory approaches will play a crucial role in determining the fund’s scope.

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