Franklin Templeton has stepped into the digital asset arena with the launch of its spot Bitcoin (BTC) exchange-traded fund (ETF).
Named the Franklin Bitcoin ETF and trading under the ticker symbol EZBC, the fund is specifically designed for U.S. investors and mirrors the performance of Bitcoin.
What sets EZBC apart is its accessibility and simplicity for investors, the platform said in a Thursday press release.
It is made available on the Cboe BZX Exchange, and comes with a competitive expense ratio of just 29 basis points.
“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,” Jenny Johnson, President and CEO of Franklin Templeton, said.
“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.”
The asset manager has also established Franklin Templeton Digital Assets, a dedicated group focused on research and technical development within the digital asset ecosystem.
Per the announcement, the team played a pivotal role in bringing EZBC to fruition.
The group has been actively involved in developing investment offerings, technology platforms, and strategy differentiation to help clients navigate the digital asset landscape effectively.
“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,” Roger Bayston, Head of Digital Assets at Franklin Templeton, noted.
“As a firm, we are well positioned to leverage
Read more on cryptonews.com