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EZBC

GradeBChicago Board Options Exchange

Franklin Bitcoin ETF

Crypto · Franklin Templeton · Inception 2024-01-11 · SEC filings

$48.65−1.17 (−2.35%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Jan 11, 2024.
Intraday session: down, 59 prints from 49.82 to 48.65. Range 48.40 to 49.62. Use the arrow keys to read each point.$48.50$49.00$49.5010 AM12 PM2 PM4 PM
Expense ratio
0.19%
Fund size
$479M
1Y return
−23.3%
Yield · Last 12 months
—
Holdings
2
Volume · 30D
0.2M sh
NAV per share
$49.89
52W range
low $33.50high $73.16

The ETF.net EZBC Grade

B

69/ 100

Rank 5 of 13 in Spot Bitcoin⁠

Confidence Medium

Six-pillar profile for EZBC. Scores out of 100: Cost 75, Risk 47, Mission 100, Tradability 38, Holdings not scored, Durability 49. Strongest: Mission (100). Weakest: Tradability (38). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 69 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 75
    Category rank4/13 · top 31%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank7/12 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 47
    Category rank11/13 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 38
    Category rank10/13 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 49
    Category rank9/13 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on EZBC

ETF.net Research

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.

Stated mandate

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

Why people hold it

  1. 01A 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
  2. 02Holds 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
  3. 03Priced off the CME CF Bitcoin Reference Rate (New York Variant), a 4pm ET benchmark, and the fund has tracked that reference very closely.
  4. 04One of the strongest implementations in the spot bitcoin group, in the same top tier as BTC, BITB and HODL.

Worth knowing

  1. 01Bitcoin'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.
  2. 02Fee 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
  3. 03It trades far lighter than the category's mega-funds, so spreads can run wider than the biggest spot bitcoin ETFs.

EZBC Holdings

As of Sep 22, 2026, 9:35 PM
Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
BITCOIN100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—BITCOIN100.01%5,546$479M11

Showing 1–1 of 1 holdings

EZBC Performance

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

EZBC$7,674
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. EZBC $7,674. SPY $11,723. Use the arrow keys to read each point.$4,700$8,493$12,285Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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−1.5%
1 month+11.9%
3 months+33.9%
1 year−23.3%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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−1.5%
2025−6.6%
2024+100.2%

Since listing, Jan 11, 2024

EZBC in the news

EZBC Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

EZBC Risk

How much the fund’s monthly returns vary, scaled to a year.
54.7%
Annualised · 31 months to Aug 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.
0.60
vs 3-month T-bills · 31 months to Aug 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%
32 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.
2.17
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.

EZBC Cost

Expense ratio0.19%
  • The middle half of Spot Bitcoin funds
  • Median 0.23%

2 of the 12 Spot Bitcoin funds charge less.

EZBC costs $19.00 a year on $10,000. The median Spot Bitcoin fund costs $23.00.