Franklin Templeton has unveiled its second digital asset-backed exchange-traded fund (ETF), the Franklin Ethereum ETF (EZET), providing U.S. investors with regulated exposure to spot ether (ETH). Priced competitively at 0.19% (19 basis points), the fund reflects ether's price performance minus operational expenses. Notably, Franklin Templeton will waive all fees until January 31, 2025, for the first $10 billion in assets.
Key Features of the Franklin Ethereum ETF
- Ticker: EZET
- Exchange: Cboe BZX Exchange, Inc.
- Expense Ratio: 0.19%
- Fee Waiver: 0.00% until January 2025 (up to $10B AUM)
- Objective: Track ether’s price performance
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Why This Launch Matters
Patrick O’Connor, Head of Global ETFs at Franklin Templeton, emphasized the ETF’s role in expanding access to digital assets:
"With EZET, we offer clients seamless integration of Ethereum into traditional portfolios, building on the success of our spot bitcoin ETF (EZBC)."
Since 2018, Franklin Templeton’s Digital Assets team has pioneered blockchain solutions, validator nodes, and research-driven strategies. Roger Bayston, Head of Digital Assets, highlighted Ethereum’s transformative potential:
"Ethereum’s smart contracts and EVM are revolutionizing Web3. We’re thrilled to bridge this innovation to our clients."
Franklin Templeton’s Digital Assets Ecosystem
- Active Since: 2018
- Research Focus: Tokenomics, data science, and blockchain trends
- Platform AUM: Over $20 billion (as of June 2024)
Risks and Considerations
Investors should note:
- Volatility: ETH prices can fluctuate dramatically.
- Regulatory Uncertainty: U.S. digital asset regulations remain evolving.
- No Staking Rewards: EZET does not stake held ETH.
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FAQ Section
1. How does EZET differ from other Ethereum ETFs?
EZET combines Franklin Templeton’s institutional expertise with a low 0.19% fee post-waiver, backed by the firm’s robust digital assets infrastructure.
2. What is the minimum investment for EZET?
The fund follows standard ETF mechanisms; check with your broker for share purchase requirements.
3. How does the fee waiver work?
Fees are waived to 0.00% until January 2025 for the first $10B in assets, after which the 0.19% expense ratio applies.
4. Can EZET be held in retirement accounts?
Yes, consult your financial advisor for tax-advantaged account eligibility.
About Franklin Templeton
With $1.6 trillion in AUM (June 2024), Franklin Templeton is a global investment leader offering multi-asset solutions across 150+ countries.
Disclaimer: Investments involve risks, including loss of principal. Consult the prospectus before investing.
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