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BITW vs EZPZ

Bitwise 10 Crypto Index ETF

BITWBNYSE Arca

Franklin Crypto Index ETF

EZPZACboe

Overlap

Expense ratio

EZPZ −0.56pt a year

BITW0.75%EZPZ0.19%

Avg volume · 30D

BITW 4.0×the volume

BITW31.6KEZPZ7.93K

BITW vs EZPZ Performance

Oct 31, 2025 – Oct 30, 2026

−34.1%BITW−34.6%EZPZ

Oct 31, 2025 to Oct 30, 2026. BITW −34.1%. EZPZ −34.6%. Use the arrow keys to read each point.−50%−20%−10%0%Oct 2025Apr 2026Oct 2026
Expense ratio
BITW 0.75%
EZPZ 0.19%, better
Fund size
BITW $663M
EZPZ $16M
1Y total return
BITW −34.1%, better
EZPZ −34.6%
Holdings
BITW 10
EZPZ 7
Avg volume (30D)
BITW 31.6K sh, better
EZPZ 7.93K sh
NAV per share
BITW $51.89
EZPZ $18.96
52W range

ETF.net Grade

BITW: Cost 44, Risk 32, Mission 100, Tradability 73, Holdings 54, Durability 80. EZPZ: Cost 90, Risk 32, Mission 100, Tradability 58, Holdings not scored, Durability 61.
Pillar letters and Scores for BITW, EZPZ, with each pillar’s weight
PillarBITWEZPZ
Cost30% weightC44A90Higher
Mission25% weightA100A100
Risk15% weightD32D32
Tradability15% weightA73HigherB58
Holdings10% weightC54Not scored
Durability5% weightA80HigherB61

Rank among Spot Crypto Basket funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BITW and EZPZ are both graded against the same 10 Spot Crypto Basket funds, so their Grades compare head to head.

Spot Crypto Basket⁠

Category · 10 funds
See all 10 ›

EZPZ ranks 1st and BITW 4th of 10 funds in the Spot Crypto Basket Category.

  1. Rank 1AEZPZFranklin Crypto Index ETFScore 76
  2. Rank 2AGDLCGrayscale CoinDesk Crypto 5 ETFScore 71
  3. Rank 2ANCIQHashdex Nasdaq Crypto Index US ETFScore 71
  4. Rank 4BBITWBitwise 10 Crypto Index ETFScore 63
  5. Rank 5BVAVXVanEck Avalanche ETFScore 62

Our read on each fund

ETF.net Research

BITWBBitwise 10 Crypto Index ETF

EZPZAFranklin Crypto Index ETF

In short

BITW Crypto's original index fund. Live since 2017, first as a private placement and now as an ETF, it holds the ten largest crypto assets and rebalances monthly. That long history carries a 0.75% fee.

EZPZ Franklin's crypto index fund opened in 2025 holding just bitcoin and ether, and its basket widens as the CF index admits new coins. At a 0.19% sponsor fee, it sits at the cheap end of the multi-coin crypto shelf.

Stated mandate

BITW The fund seeks to invest in a broad portfolio of crypto assets that tracks the Bitwise 10 Large Cap Crypto Index, with monthly rebalancing to reflect index changes.

EZPZ The Fund seeks to track the performance of the CF Institutional Digital Asset Index – US–Settlement Price by holding the index's digital assets in approximately their index weights.

Why people hold it

  • BITW Longevity is the edge: operations began in November 2017, one of the longest continuous records among multi-coin crypto baskets, spanning several boom-and-bust cycles.sec.gov
  • One ticker, ten coins: the portfolio mirrors the Bitwise 10 Large Cap Crypto Index and rebalances monthly as the index changes, so you skip wallets, keys and coin-picking.
  • No style drift. The fund holds what its index says it holds, one of the tighter mandate implementations among the ten funds in its category.
  • Reports like a public company: annual 10-K and quarterly 10-Q filings with the SEC put holdings and audited financials on the record.sec.govsec.gov 2
  • EZPZ A 0.19% sponsor fee, below the category median and under multi-coin peers like NCIQ (0.25%), GDLC (0.59%) and BITW (0.75%).
  • Rules, not hunches. The CF index weights coins by free-float market cap and reconstitutes quarterly; the fund holds those assets in roughly their index weights.cfbenchmarks.com
  • The lineup is built to expand: new digital assets enter as they meet index criteria and receive required regulatory approvals, so you aren't locked into the day-one roster.franklintempleton.comsec.gov
  • Coinbase holds the coins and the trust is registered under the Securities Act of 1933. Exposure arrives through a brokerage account, not wallets, keys or exchange logins.franklintempleton.comsec.gov

Worth knowing

  • BITW Cost is the trade-off: 0.75% sits above the category median, and cheaper broad crypto baskets exist (EZPZ at 0.19%, NCIQ at 0.25%).
  • Crypto sits at the volatile end of the shelf. A ten-asset basket blunts single-coin blowups, but not the asset class's deep drawdowns.
  • It trades lighter than the category's busiest names, so spreads can run wider, and the trust makes no distributions: price is the whole return story.
  • EZPZ Tax paperwork looks different here: the fund issues a Schedule K-1 rather than a 1099.franklintempleton.com
  • Full-throttle crypto. The fund passes spot price moves straight through, with no buffer, hedge or cash cushion, and it launched in 2025 so its live record is short.
  • Small and thinly traded next to the category's household names, which can mean wider bid-ask spreads at the moment you trade.

Full BITW profile⁠

Full EZPZ profile⁠

BITW vs EZPZ Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BITW vs EZPZ Cost

Overpaying BITW vs EZPZ

$10,530

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

  • BITW 0.75%

    $14,482

  • EZPZ 0.19%

    $3,952

$10,000
30 years

Cost over time

  • BITW 0.75%
  • EZPZ 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530BITW $14,482EZPZ $3,952

Year by year

YearBITWEZPZOverpaying
10$1,336$347$989
20$5,078$1,351$3,727
30$14,482$3,952$10,530

Expense ratio

  • 0.75%BITW
  • 0.19%EZPZ, cheaper
  • Middle half of Spot Crypto Basket funds
  • Median 0.67%

EZPZ cheapest of 10 funds

BITW 6th cheapest of 10 funds

BITW vs EZPZ Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
BITW None
EZPZ None

Distribution history

BITWAll BITW payments⁠

No distribution history available.

EZPZAll EZPZ payments⁠

No distribution history available.

BITW vs EZPZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BITW 66.6%EZPZ 43.4%since Mar 2025
Return per unit of riskSharpe ratio, 3 years
BITW 0.74EZPZ −0.04since Mar 2025
Worst fallMax drawdown, 5 years
BITW −90.4%EZPZ −56.6%since Feb 2025
Market sensitivityBeta, 5 years
BITW 2.49EZPZ 1.13

BITW and EZPZ in the news

All news⁠

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