🚨 Crypto’s Coming for Your Wallet! 🤑
It’s a dusty day in the Wild West of crypto, folks! Franklin Templeton’s just launched its latest salvo, the Franklin Crypto Index ETF, aka EZPZ 🤪. This marks their third big foray into the digital frontier, following the Franklin Bitcoin ETF (EZBC) and Franklin Ethereum ETF (EZET). Yeehaw! 🤠
Now, we know what you’re thinkin’: what’s the difference between this and the other two? Well, partner, EZPZ is like the sheriff in town, keepin’ an eye on the price movements of Bitcoin (BTC) and Ethereum (ETH). It’s like a crypto index fund, but without all the fuss and bother of actually buyin’ and sellin’ the stuff yourself 🤑.
Franklin Templeton’s David Mann, the global head of ETF product and capital markets, says EZPZ is like a warm hug for your wallet 🤗. “EZPZ offers a convenient and low-cost way to gain exposure to the two most established and largest blockchain ecosystems.” Aw, shucks, David, you’re makin’ us blush! 😊
Now, here’s the fine print, folks: EZPZ is custodied by Coinbase, and the sponsor fee is a whoppin’ 0.19%. BUT, Franklin Templeton’s gonna waive that fee until August 31, 2025, or until the fund hits $10 billion in assets 🤑. That’s like findin’ a golden nugget in the river, partner! 🌟
And don’t even get us started on the SEC, folks! They’re like the grumpy ol’ coot in the saloon, always grumblin’ about somethin’ 🤪. But hey, at least they’re acknowledgin’ all these new crypto ETFs, including EZPZ 📝.
So, what’s the takeaway, partner? EZPZ is like a wild mustang, untamed and ready to ride off into the sunset 🌅. Will you be joinin’ the stampede? 🤠
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2025-02-20 21:38