Franklin Templeton launched its first digital assets-backed exchange-traded fund (ETF), the Franklin Bitcoin ETF, under the ticker EZBC. The fund is a spot bitcoin ETF available for U.S. investors and seeks to reflect the performance of the price of bitcoin, less the expense of fund operations. It is offered on the Cboe BZX Exchange, Inc. and priced at 29 basis points. EZBC is the latest expansion of the growing Franklin Templeton Digital Assets and ETF platforms.
“With more than 75 years in asset management, Franklin Templeton has learned the importance of continuously innovating and staying ahead of the disruptive technologies that impact our industry. That’s why we’ve been at the forefront of merging blockchain technologies and traditional asset management, and we are proud to add the Franklin Bitcoin ETF to our growing list of offerings,” said Jenny Johnson, president and CEO of Franklin Templeton. “It’s all in the ticker: EZBC. Our goal is to make it easy for clients to access investment opportunities with our digital assets solutions.”
Franklin Templeton Digital Assets is a dedicated group of investment professionals engaged in intensive research and technical development within the digital asset ecosystem, developing investment offerings, technology platforms and strategy differentiation to help clients achieve their investment goals in this new asset class, all while supporting and investing in digital asset networks.
“Investors continue to demonstrate interest in digital assets and express a desire for a simpler way to allocate to the asset class—one that removes the complexities associated with things like wallets and keys,” said Roger Bayston, Head of Digital Assets at Franklin Templeton. “As a firm, we are well positioned to leverage our in-depth knowledge of blockchain ecosystems to introduce products like EZBC that serve to further the understanding and accessibility of digital assets within the broader investing community.”
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