Franklin Templeton has submitted an amendment for its Crypto Index ETF to the SEC, indicating a focus on institutional investors. This fund is designed to track the CF Institutional Digital Asset Index with a sole emphasis on Bitcoin and ether.

Coinbase Custody Trust will safeguard digital assets, while the Bank of New York Mellon handles cash. The ETF explicitly avoids staking or yield-generating operations to mitigate risks for investors.

An initial investment of 100,000 USD has been made by Franklin Resources Inc., purchasing shares as seed capital. Regulatory review by the SEC is ongoing, and trading is contingent upon approval, with shares set to trade under ‘EZPZ’.