Franklin Templeton Launches Franklin Ethereum ETF (EZET)

Franklin Templeton launched its second digital asset-backed exchange-traded fund (ETF), the Franklin Ethereum ETF, under the ticker EZET. It is offered on the Cboe BZX Exchange, Inc. and priced at 0.19%, or 19 basis points. Franklin Templeton has agreed to fully waive fees to 0.00% until January 31, 2025, for the first $10.0 billion in fund assets. The fund is a spot ether (ETH) ETF available for U.S. investors and seeks to reflect the performance of the price of ether, less the expense of fund operations. EZET is the latest offering on the growing Franklin Templeton Digital Assets and ETF platforms.

“After the success of our spot bitcoin ETF (EZBC) launch in January, we are proud to add EZET to our growing lineup of digital asset ETFs,” said Patrick O’Connor, Head of Global ETFs for Franklin Templeton. “With EZET, we are thrilled to offer our clients additional access to the digital asset ecosystem within a regulated fund structure that integrates seamlessly into traditional portfolios.”

Since 2018, Franklin Templeton Digital Assets has been building blockchain-based technology solutions, running node validators, and developing a wide range of investment strategies. The firm’s dedicated digital assets research team leverages fundamental “tokenomic” analysis, insights from an embedded data science team and deep industry connections to help inform product development and investment decisions.

“We have been active participants and builders in the digital asset ecosystem since 2018 and have seen the transformative power of blockchain technology firsthand,” said Roger Bayston, Head of Digital Assets at Franklin Templeton. “Ethereum has been at the forefront of Web3 innovation with things like smart contracts and the Ethereum Virtual Machine and we’re excited to bring that technology revolution to our clients.”

Established in 2016, Franklin Templeton’s U.S. ETF platform provides solutions for a range of market conditions and investment objectives through active, smart beta and passively managed ETFs. Franklin Templeton offers over 100 ETFs globally with combined assets under management (AUM) of over $20 billion as of June 30, 2024.

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