Wall Street Is Opening Up Even More To Crypto With Franklin Templeton's ETF!

The crypto industry has just experienced a strategic turnaround. Franklin Templeton, a giant in asset management, is launching its Bitcoin & Ether ETF (EZPZ), a bold move that redefines access to cryptos. Far from being a simple financial product, this ETF embodies a subtle break between the era of individual speculation and that of structured institutional adoption.

An unexpected bridge between tradition and bitcoin

On the financial chessboard, Franklin Templeton is playing a master piece. The EZPZ, listed on Cboe BZX, tracks the CF Institutional Digital Asset Index — a basket composed of 87% bitcoin and 13% Ether. This changing distribution, depending on market capitalization, reflects a millennial logic: concentrate the essential, diversify the accessory.

Unlike the direct purchase of bitcoin and other cryptos, often perceived as a plunge into murky waters, this ETF offers a secured raft.

No longer needing complex custody or anxiety-inducing private keys. The investor accesses bitcoin through a regulated vehicle, as simple as a click. “An exposure without the hassles,” sums up Franklin Templeton on X. A simple formula for a silent revolution.

Hashdex, a pioneer with its Nasdaq ETF (NCIQ), opened the way on February 14. But Franklin Templeton is betting on expansion: the EZPZ will progressively integrate other digital assets, subject to regulatory approvals. A promise of an evolving portfolio, reflecting a crypto market in perpetual change.

Regulation and horizons: The American thaw

December 19, 2023, will remain a key date. The SEC simultaneously validates the EZPZ and the NCIQ, signaling an unprecedented regulatory easing.

A new wind is blowing since Donald Trump’s inauguration on January 20, 2024. His commitment to make the United States the “global capital of cryptos” is materializing: asset managers are flooding in with altcoin ETF projects (Solana, XRP, Litecoin…).

NYSE Arca, in October 2023, had already knocked on the regulators’ door for the Grayscale Digital Large Cap Fund. This fund, dormant since 2018, aims to bring together bitcoin, Ether, Solana, and XRP under one stock roof. Bloomberg Intelligence anticipates “high chances of approval” for these products — a green light that catalyzes optimism.
In the background, bitcoin is preparing its transformation. The Bollinger Bands, a volatility indicator, suggest a consolidation at the end of the cycle. History shows that after such phases, BTC triggers vertical rallies. An ideal context for the arrival of EZPZ: institutional investors could ride the bullish wave, armed with tools once reserved for insiders.