Overview of Franklin Crypto Index ETF
The Franklin Crypto Index ETF (EZPZ) is a passively managed exchange-traded fund (ETF) launched in 2025 under the Franklin fund family. This ETF seeks to mirror the performance of the CF Institutional Digital Asset Index, focusing exclusively on bitcoin (BTC) and ether (ETH).
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Key Features
- Asset Class: Miscellaneous Digital Assets
- Inception Date: February 20, 2025
- Expense Ratio: 0.19% (low for the category)
- Primary Benchmark: CF Institutional Digital Asset TR USD (100% weighting)
- Holdings: 2 securities (BTC & ETH), constituting 100% of the portfolio
Performance Analysis
Trailing Returns (as of May 31, 2025)
| Period | NAV Return | Price Return | Category Avg | Grade |
|--------------|------------|--------------|-------------|-------|
| 1-Month | 14.7% | 14.3% | 14.9% | B |
| 3-Month | 23.6% | 23.2% | 10.0% | B |
| YTD/1Y/3Y/5Y | N/A | N/A | N/A | N/A |
Portfolio Highlights
- Turnover Rate: 0% (indicating long-term holding strategy)
- Dividend Yield: 0.00% (below category average of 9.68%)
- Tax Efficiency: No capital gains distributions in 2025
Investment Strategy
Franklin Crypto Index ETF employs a passive indexing approach, replicating the CF Institutional Digital Asset Index by holding BTC and ETH in proportions matching the index.
Portfolio Composition
| Asset Type | Allocation |
|------------------|------------|
| Bitcoin (BTC) | ~50% |
| Ether (ETH) | ~50% |
| Cash/Foreign | 0% |
👉 Learn more about crypto index investing
Fees and Comparisons
| Metric | EZPZ | Category Avg |
|----------------------|-------|-------------|
| Expense Ratio | 0.19% | 1.08% |
| Portfolio Turnover | 0% | 57% |
Why This Matters: Lower expenses and turnover typically translate to higher after-tax returns for investors.
Risks and Considerations
- Volatility: Crypto assets are inherently more volatile than traditional equities.
- Regulatory Risks: Evolving regulations may impact performance.
- ESG Compliance: This ETF does not prioritize ESG criteria.
FAQs
1. What does EZPZ invest in?
EZPZ holds bitcoin (BTC) and ether (ETH) in proportions matching its benchmark index.
2. How does EZPZ compare to other crypto ETFs?
With a 0.19% expense ratio and 0% turnover, EZPZ is among the most cost-efficient crypto ETFs.
3. Is EZPZ suitable for long-term investors?
Yes, its passive strategy and low fees make it ideal for buy-and-hold crypto exposure.
4. Does EZPZ pay dividends?
No, it has a 0.00% dividend yield.
5. What’s the minimum investment?
ETFs trade like stocks, so you can buy as little as one share.
6. How is EZPZ taxed?
Capital gains are distributed annually, but consult a tax advisor for specifics.
Final Thoughts
Franklin Crypto Index ETF (EZPZ) offers a low-cost, transparent way to gain exposure to BTC and ETH through a regulated fund structure. While crypto ETFs carry higher risks, EZPZ’s passive approach minimizes costs and turnover, making it a compelling option for long-term investors.
For more insights on crypto investing strategies, explore our resources.