Crypto Currency

Franklin Templeton seeks approval for Bitcoin, Ether crypto index ETF

Key Takeaways Franklin Templeton’s new crypto index will track Ether and Bitcoin. The index may lead to future ETFs and investment products. Share this article Global investment firm Franklin Templeton has submitted an S-1 registration form to the US Securities and Exchange Commission (SEC) for a crypto index ETF that will track the performance of

Published 2 years ago in
Franklin Templeton seeks approval for Bitcoin, Ether crypto index ETF

Key Takeaways

  • Franklin Templeton’s new crypto index will track Ether and Bitcoin.
  • The index may lead to future ETFs and investment products.

Share this article

Global investment firm Franklin Templeton has submitted an S-1 registration form to the US Securities and Exchange Commission (SEC) for a crypto index ETF that will track the performance of Bitcoin and Ethereum.

According to a filing dated August 16, the fund, called the “Franklin Crypto Index ETF,” aims to offer investors a diversified entry into the world of digital assets while benefiting from Franklin’s renowned institutional backing.

The ETF will focus solely on the two largest digital assets, as noted in the filing. However, if other digital assets are added to the index in the future, Franklin will adjust the fund’s structure accordingly, subject to regulatory approval.

Coinbase Custody Trust Company has been designated as the custodian of the fund’s digital assets. Bank of New York Mellon will handle cash holdings and serve as the fund’s administrator and transfer agent.

If approved, the fund will be listed on the Cboe BZX Exchange and traded under the ticker symbol “EZPZ.” The filing noted that the Cboe is currently awaiting regulatory approval to allow for in-kind creation and redemption of shares using digital assets.

Franklin Templeton is not the only firm that seeks approval to offer a crypto index ETF for Bitcoin and Ethereum. In June, Hashdex applied to establish the Hashdex Nasdaq Crypto Index US ETF, which aims to be the first dual Bitcoin and Ethereum ETF in the US.

Earlier this month, the SEC announced that it would extend its decision timeline for Hashdex’s proposed ETF to September 30.

Growing institutional appetite

Franklin Templeton’s latest move comes at a time when institutional interest in digital assets, particularly Bitcoin and Ethereum, is on the rise.

Although Bitcoin’s price has struggled recently, the growing adoption of crypto ETFs reflects a broader trend of traditional financial institutions recognizing the value of digital assets as part of a diversified portfolio.

Franklin Templeton has been actively involved in the crypto space. The firm debuted its spot Bitcoin ETF in the US on January 10, alongside other major asset managers.

Following its Ethereum ETF approval in May, Franklin Templeton revealed plans to introduce a new crypto fund investing in tokens other than Bitcoin and Ether, targeting a broader range of digital assets.

This story is developing and will be updated.

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Crypto Currency

Bitcoin declines below $65,000 as Trump threatens Iran after tanker attacks send Oil above $100

Bitcoin fell below $65,000 as surging oil prices and higher Treasury yields triggered a broader retreat from risk assets. Data from CryptoSlate shows the largest cryptocurrency traded near $64,980 as Brent crude remained on track for a weekly gain of almost 10%. Oil settled 7% higher at $100.69 a barrel on July 23…

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Bitcoin declines below $65,000 as Trump threatens Iran after tanker attacks send Oil above $100

Bitcoin fell below $65,000 as surging oil prices and higher Treasury yields triggered a broader retreat from risk assets. Data from CryptoSlate shows the largest cryptocurrency traded near $64,980 as Brent crude remained on track for a weekly gain of almost 10%. Oil settled 7% higher at $100.69 a barrel on July 23…
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The European Union has
added cryptocurrency exchange HTX to its latest package of sanctions against
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authorities say have helped Moscow bypass existing restrictions.The package was
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Ethereum Price Eyes $2,060 After Holding Key Support Level

Ethereum price saw bearish pressure on July 24, though technical signs point to further upside potential for the cryptocurrency if the price manages to stay above the significant support zone. Investors and analysts are paying attention to the price behavior at $1,850, which is considered critical for ETH at the moment…

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Crypto Currency

Bitcoin price prediction: Is Strategy’s 1,550 BTC buy a bullish signal after the crash?

Strategy bought 1,550 BTC after a rare 32 BTC sale. Bitcoin is stabilising near $63K after a sharp 20% monthly drop. Analysts split on whether the $60K support will hold or break lower. Bitcoin has been moving through a volatile stretch marked by sharp liquidations, uneven recovery attempts, and conflicting signals from both technical indicators

Published 10 hours ago in
Bitcoin price prediction: Is Strategy’s 1,550 BTC buy a bullish signal after the crash?

Bitcoin Price Prediction

  • Strategy bought 1,550 BTC after a rare 32 BTC sale.
  • Bitcoin is stabilising near $63K after a sharp 20% monthly drop.
  • Analysts split on whether the $60K support will hold or break lower.

Bitcoin has been moving through a volatile stretch marked by sharp liquidations, uneven recovery attempts, and conflicting signals from both technical indicators and institutional activity.

The latest development is Strategy’s decision to purchase 1,550 BTC worth about $101.3 million shortly after a controversial small sale of 32 BTC.

Strategy’s return to accumulation after a rare Bitcoin sale

According to an SEC filing dated June 8, Strategy’s latest purchase of 1,550 BTC was at an average price of $65,332 per coin.

Notably, this followed a short-term sale of 32 BTC, which generated about $2.5 million and was linked to funding corporate obligations, including preferred-share dividend payments.

The sale drew attention because it marked a rare departure from the company’s long-standing accumulation narrative.

Now with the disclosed purchase, Strategy appears to have quickly resumed buying, increasing its total holdings to roughly 845,000 BTC.

The contrast between the small sale and the much larger purchase has become central to market interpretation.

The Michael Saylor’s company remains the largest corporate holder of Bitcoin, and its return to buying after the rare sale has been interpreted by traders as an attempt to reinforce confidence at a time when Bitcoin is still recovering from a sharp drawdown.

Bitcoin stabilises after liquidation-driven crash, but trend remains uncertain

Bitcoin is currently trading around $63,800 after a turbulent week that saw it fall to around $59,300 after failing to hold above $62,00.

Over the past seven days, Bitcoin has declined about 10.9%, while the 30-day drop stands near 20.8%.

At the same time, the market has shown signs of stabilisation after a heavy deleveraging phase.

Open interest in Bitcoin futures has dropped significantly, falling from about 901,000 BTC to roughly 716,000 BTC.

This decline reflects widespread liquidation of leveraged positions rather than sustained new short positioning.

During the same period, Bitcoin briefly rebounded after triggering more than $500 million in short liquidations in a single move.

However, analysts, including Xanrox, have pointed out that the price structure still shows breakdowns from both ascending and descending channels, a technical setup often associated with continued downside risk rather than immediate recovery.

Bitcoin price analysis by Xanrox
Source: Tradingview/Xanrox

Despite this, Bitcoin has held near the $60,000 region, which is also close to its long-term 200-week moving average.

Historically, this level has acted as a key zone during major market resets, making it a closely watched area for both bulls and bears.

Analysts remai

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