Asset manager Franklin Templeton has submitted an S-1 filing to the SEC for the launch of a combined exchange-traded fund, the Franklin Crypto Index ETF, based on Bitcoin and Ethereum.
According to the document, the product will trade under the ticker EZPZ. Should it launch, Coinbase will serve as the ETF’s custodian.
The firm may add other cryptocurrencies to the product in the future, pending regulatory approval.
Franklin Templeton’s filing follows that of asset manager Hashdex, which was the first to approach the SEC for registration of a combined Bitcoin and Ethereum ETF. The agency has postponed its review of the document until September 30.
Previously, investment bank Goldman Sachs and trading firm DRW Holdings reported to the SEC the inclusion of crypto-related exchange-traded funds in their portfolios.
According to Bitwise, from April to June, 44% of asset managers increased their investments in spot Bitcoin ETFs, while another 22% maintained their existing positions.
In August, the Brazilian Securities and Exchange Commission approved the launch of the country’s first exchange-traded fund based on SOL.