Franklin Crypto Index ETF (CBOE BZX: EZPZ) filed with the U.S. Securities and Exchange Commission (SEC) on Nov 24, 2025, announcing a major portfolio expansion from bitcoin (BTC) and ether (ETH) to include XRP, Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Stellar (XLM), and Chainlink (LINK). The change will take effect on December 1, 2025, under newly adopted generic listing standards by Cboe BZX Exchange.
Index Composition and Rebalancing
The underlying benchmark, CF Institutional Digital Asset Index – US–Settlement Price, overseen by CF Benchmarks Ltd., will be broadened to include the new assets. The ETF will invest in each asset at approximately the same weight as represented in the index. The index will maintain its quarterly rebalancing schedule, allowing for periodic adjustments. The filing states that additional index constituents may be added or removed over time in accordance with the index provider’s rules.
In-Kind Creations and Improved Liquidity
The fund will enable authorized participants to execute in-kind creations and redemptions, a structural upgrade expected to boost liquidity and reduce transaction friction. A prospectus supplement was submitted to update disclosures. The broader asset mix may introduce additional dispersion, but proponents argue diversified crypto exposure improves market representation and reduces reliance on bitcoin and ether alone.
Industry Context
The expansion marks a shift from a two-asset crypto ETF to a multi-asset vehicle, reflecting growing demand for diversified digital asset exposure. Grayscale and Franklin had previously positioned for XRP ETF launches, and Ripple’s CEO anticipated a pre-Thanksgiving rush. As more mainstream ETFs embrace multiple cryptocurrencies, the path for institutional adoption continues to widen.