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EZBC vs HODL

Franklin Bitcoin ETF

EZBCBCboe

VanEck Bitcoin ETF

HODLACboe

Overlap

Expense ratio

EZBC −0.01pt a year

EZBC0.19%HODL0.20%

Avg volume · 30D

HODL 7.8×the volume

EZBC128KHODL996K

EZBC vs HODL Performance

Oct 31, 2025 – Oct 30, 2026

−30.3%EZBC−30.2%HODL

Oct 31, 2025 to Oct 30, 2026. EZBC −30.3%. HODL −30.2%. Use the arrow keys to read each point.−20%−10%0%Oct 2025Apr 2026Oct 2026
Expense ratio
EZBC 0.19%, better
HODL 0.20%
Fund size
EZBC $439M
HODL $1.12B
1Y total return
EZBC −30.3%
HODL −30.2%, better
Holdings
EZBC 1
HODL 1
Avg volume (30D)
EZBC 128K sh
HODL 996K sh, better
NAV per share
EZBC $44.16
HODL $21.61
52W range

ETF.net Grade

EZBC: Cost 75, Risk 46, Mission 100, Tradability 39, Holdings not scored, Durability 48. HODL: Cost 75, Risk 60, Mission 100, Tradability 48, Holdings not scored, Durability 68.
Pillar letters and Scores for EZBC, HODL, with each pillar’s weight
PillarEZBCHODL
Cost30% weightA75A75
Mission25% weightA100A100
Risk15% weightC46B60Higher
Tradability15% weightD39C48Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC48B68Higher

Rank among Spot Bitcoin funds

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

Same Category. EZBC and HODL are both graded against the same 12 Spot Bitcoin funds, so their Grades compare head to head.

Spot Bitcoin⁠

Category · 12 funds
See all 12 ›

HODL ranks 3rd and EZBC 5th of 12 funds in the Spot Bitcoin Category.

  1. Rank 1ABTCGrayscale Bitcoin Mini Trust ETFScore 80
  2. Rank 2AMSBTMorgan Stanley Bitcoin Trust ETFScore 79
  3. Rank 3AHODLVanEck Bitcoin ETFScore 74
  4. Rank 4ABITBBitwise Bitcoin ETF TrustScore 72
  5. Rank 5BEZBCFranklin Bitcoin ETFScore 69
  6. Rank 6BARKBARK 21Shares Bitcoin ETFScore 68

Our read on each fund

ETF.net Research

EZBCBFranklin Bitcoin ETF

HODLAVanEck Bitcoin ETF

In short

EZBC Franklin 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.

HODL VanEck's spot bitcoin fund does exactly one thing: hold bitcoin. No futures, no yield story, no cleverness. It is priced below the category median and splits the coins across two named custodians instead of one.

Stated mandate

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

HODL The Trust seeks to track the price of bitcoin, net of its operating expenses, through a passive strategy that does not pursue returns beyond bitcoin’s price performance.

Why people hold it

  • EZBC 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
  • HODL A 0.20% sponsor fee, under the median for spot bitcoin funds, on a product whose entire job is holding coins.vaneck.com
  • Deliberately plain mandate: track bitcoin's price net of expenses, full stop. Nothing reaching for returns beyond the coin, and it has followed that mandate very closely.vaneck.com
  • VanEck names two crypto custodians for the trust's bitcoin, Gemini and Coinbase Custody, rather than routing every coin through a single vault.vaneck.com
  • Listed options trade on HODL, so collars and covered-call structures are available in a normal brokerage account.vaneck.com

Worth knowing

  • EZBC 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
  • HODL Bitcoin sets the whole ride. The design follows the coin down as faithfully as up, and there is no hedge or buffer in the wrapper.
  • No distributions. Price is the entire story here, and the sponsor fee accrues against the trust's bitcoin whatever the market does.vaneck.com
  • Fees in this cohort are a moving target: BTC and EZBC list lower headline rates, and temporary waivers keep reshuffling who is cheapest.vaneck.com

Full EZBC profile⁠

Full HODL profile⁠

EZBC vs HODL 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.

EZBC vs HODL Cost

Overpaying HODL vs EZBC

$203

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

  • EZBC 0.19%

    $3,952

  • HODL 0.20%

    $4,155

$10,000
30 years

Cost over time

  • EZBC 0.19%
  • HODL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530HODL $4,155EZBC $3,952

Year by year

YearEZBCHODLOverpaying
10$347$365$18
20$1,351$1,421$70
30$3,952$4,155$203

Expense ratio

  • 0.19%EZBC, cheaper
  • 0.20%HODL
  • Middle half of Spot Bitcoin funds
  • Median 0.23%

EZBC 3rd cheapest of 12 funds

HODL 4th cheapest of 12 funds

EZBC vs HODL Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
EZBC None
HODL None

Distribution history

EZBCAll EZBC payments⁠

No distribution history available.

HODLAll HODL payments⁠

No distribution history available.

EZBC vs HODL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
EZBC 53.4%since Feb 2024HODL 63.2%since Feb 2024
Return per unit of riskSharpe ratio, 3 years
EZBC 0.56since Feb 2024HODL −0.12since Feb 2024
Worst fallMax drawdown, 5 years
EZBC −53.3%since Jan 2024HODL −93.7%since Jan 2024
Market sensitivityBeta, 5 years
EZBC 2.13HODL 2.13Same figure. Both funds show the same value, so neither comes out ahead.

EZBC and HODL in the news

All news⁠

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