Franklin Bitcoin ETF
$48.05+0.23 (+0.48%)
- 0.19%
- $467M
- −29.1%
- 0.1M sh
- $47.67
- low $33.50high $67.19
The ETF.net EZBC Grade
B
Score 69 out of 100
- 5 of 13
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 100Rank 3 of 13Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 12Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 6 of 13Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D39 out of 100Rank 10 of 13Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C49 out of 100Rank 9 of 13
Our read on EZBC
BFranklin's day-one spot bitcoin ETF: real coins at Coinbase Custody, NAV struck off the 4pm New York bitcoin benchmark, and one of the skinniest fees in the group. An old-line fund house handling the keys.
The fund seeks to reflect the performance of bitcoin's price.
Why people hold it
- A 0.19% sponsor fee undercuts most of the January 2024 launch class, and Franklin has waived it down to zero for stretches since day one.investors.franklinresources.com
- Holds actual bitcoin in a grantor trust, custodied by Coinbase Custody, with BNY Mellon on cash and administration. No wallets, no seed phrases, no exchange logins.sec.gov
- Priced off the CME CF Bitcoin Reference Rate (New York Variant), a 4pm ET benchmark, and the fund has tracked that reference very closely.
- One of the strongest implementations in the spot bitcoin group, in the same top tier as BTC, BITB and HODL.
Worth knowing
- Bitcoin's swings pass straight through. The structure makes no attempt to cushion drawdowns in the underlying, and the trust pays out nothing along the way.
- Fee waivers are temporary, with no obligation to renew. The 0.19% sponsor fee is paid by selling bitcoin, so bitcoin per share drifts down over time.investors.franklinresources.comsec.gov
- It trades far lighter than the category's mega-funds, so spreads can run wider than the biggest spot bitcoin ETFs.
EZBC Holdings
- Other
- 1
- 100%
- Bitcoin
EZBC Performance
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$7,088
Returns run to the Oct 12, 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.
| Period | EZBC |
|---|---|
| Year to date | −5.5% |
| 1 month | +7.1% |
| 3 months | +29.5% |
| 1 year | −29.1% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | EZBC |
|---|---|---|
| 2026 YTD | −5.5% | |
| 2025 | −6.6% | |
| 2024 | +100.2% |
EZBC in the news
EZBC Dividends
No distributions in the last 12 months.
EZBC Risk
- 53.8%
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.
- 0.63
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.
- −53.3%
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.
- 2.13
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EZBC Cost
0.19%
EZBC0.19%
- The middle half of Spot Bitcoin funds
- Median 0.23%
2 of the 12 Spot Bitcoin funds charge less.
Other funds in Spot Bitcoin
- AHODLVanEck Bitcoin ETFExpense ratio 0.20%1 year return −29.1%
- ABITBBitwise Bitcoin ETF TrustExpense ratio 0.20%1 year return −29.2%
- BARKBARK 21Shares Bitcoin ETFExpense ratio 0.21%1 year return −29.2%
- BFBTCFidelity Wise Origin Bitcoin FundExpense ratio 0.25%1 year return −29.2%
- BIBITiShares Bitcoin Trust ETFExpense ratio 0.25%1 year return −29.2%