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Launched · SEC filings

Franklin Bitcoin ETF

EZBCCboeFranklin TempletonB

$44.23−0.03 (−0.07%)

At close: Nov 2, 2026, 4:00 PM ET

B69/ 100

Rank 5 of 13 in Spot Bitcoin

B69/100Rank 5 of 13inSpot Bitcoin
Intraday session: down, 79 prints from 44.26 to 44.23. Range 44.23 to 45.03. Use the arrow keys to read each point.44.6044.8045.0010 AM12 PM2 PM4 PM
Expense ratio
0.19%
Fund size
$439M
1Y total return
−30.3%
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
128K sh
52W range
low $33.50high $62.56
Launched
Filings
SEC EDGAR

The ETF.net EZBC Grade

Based on 5 of 6 pillars

B

Score 69 out of 100

Category
Spot Bitcoin⁠
Rank
5 of 13
Six-pillar profile for EZBC. Scores out of 100: Cost 75, Risk 46, Mission 100, Tradability 39, Holdings not scored, Durability 48. Strongest: Mission (100). Weakest: Tradability (39). Based on 5 of 6 pillars.

Score 69 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A75 out of 100
    Rank 3 of 13

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 12

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C46 out of 100
    Rank 4 of 13

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D39 out of 100
    Rank 10 of 13

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C48 out of 100
    Rank 9 of 13

Our read on EZBC

ETF.net Research

In short

BFranklin Templeton's entry in the day-one spot bitcoin class of January 2024: plain bitcoin in a trust, a 0.19% sponsor fee, Coinbase custody, priced below the category median.

Stated mandate

The fund seeks to reflect the performance of bitcoin's price.

Why people hold it

  • Sponsor fee of 0.19%, below the spot bitcoin category median and below BTCW at 0.25%, which tracks the same reference rate.franklintempleton.com
  • Prices off the CME CF Bitcoin Reference Rate New York Variant, a once-a-day 4:00 p.m. ET fix drawn from a one-hour window of major-exchange trades.govinfo.govcfbenchmarks.com
  • No futures stack, no yield overlay: the trust holds bitcoin and aims to reflect its price, with Coinbase Custody on the coin and BNY Mellon on cash and admin.sec.gov

Worth knowing

  • Two peers price lower: MSBT at 0.14% and BTC at 0.15%. Thin margins, but they compound in a one-asset fund.
  • Moderately traded next to the category's giants, so spread and premium/discount costs can weigh more on round trips.
  • Pays nothing out, and the trust sells bitcoin monthly to cover the sponsor fee, so bitcoin per share grinds lower over time.sec.gov

EZBC Holdings

Asset class
Other
Holdings
1
Top-10 weight
100%
Largest holding
Bitcoin100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataBitcoin100.02%5,747$439M11

Showing 1–1 of 1 holdings

EZBC Performance

Launched Jan 11, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
EZBC$6,970
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. EZBC $6,970. SPY $11,199. Use the arrow keys to read each point.$6,000$8,000$10,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for EZBC. Periods over one year show the average yearly return.
PeriodEZBC
Year to date−12.5%
1 month−8.3%
3 months+21.8%
1 year−30.3%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for EZBC
YearReturn barEZBC
2026 YTD−12.5%
2025−6.6%
2024+100.2%

Since listing, Jan 11, 2024

EZBC in the news

EZBC Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

EZBC Risk

Risk pillarC46 out of 100Rank 4 of 13 in Spot Bitcoin
How much the fund’s monthly returns vary, scaled to a year.
53.4%
Annualised · 33 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.56
vs 3-month T-bills · 33 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−53.3%
33 months · trough Jun 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.13
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

EZBC Cost

Compare EZBC and MSBT

Overpaying vs MSBT, cheapest in Spot Bitcoin

$1,020

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EZBC 0.19%

    $3,952

  • MSBT 0.14% Cheapest

    $2,932

$10,000
30 years

Cost over time

  • EZBC 0.19%
  • MSBT 0.14%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530EZBC $3,952MSBT $2,932

Year by year

YearEZBCMSBTOverpaying
10$347$256$91
20$1,351$1,000$351
30$3,952$2,932$1,020

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