EZBC — Franklin Bitcoin ETF

EZBC Price Performance — Growth of $10,000

Value of a $10,000 investment in EZBC over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

EZBC Drawdown

The "underwater" chart: EZBC's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Franklin Bitcoin ETF, trading under the ticker EZBC, is a crypto-focused fund issued by Franklin Templeton Investments. With assets under management totaling $332 million and a current share price of $37.43, the fund reflects a specific level of investor adoption within its sector. It carries an expense ratio of 0.19% and offers a dividend yield of 0.00%. In the broader landscape of 458 tracked ETFs, the fund holds an overall rank of #446 and has received an ETFValuer grade of F with a score of 31.0 out of 100. Within the Crypto category, which contains 11 ETFs tracked by ETFValuer, the fund's positioning is reflected in these aggregate metrics. The combination of its AUM size and low grade suggests limited relative strength compared to the wider market of available funds.

Recent performance data shows a 1-day return of -1.71% followed by a 1-week gain of +0.81%. Over the past month, the fund posted a return of +3.94%, yet longer-term horizons reveal significant declines. The 3-month return stands at -17.92%, while the 6-month return has fallen to -28.23%. Year-to-date performance is recorded at -27.89%, and the 1-year return is -45.87%. Data for the 3-year period is not available. The pattern indicates a divergence where short-term fluctuations occurred alongside substantial losses over the annual and semi-annual periods.

The fund is assigned a Volatility label of Very High, indicating significant price fluctuations. The Sharpe ratio is recorded at -1.15, reflecting negative risk-adjusted returns relative to the risk taken. A maximum drawdown of -53.35% highlights the potential for severe capital erosion during market downturns. Beta data is not provided for this fund, limiting direct correlation analysis with broader market indices. The combination of a negative Sharpe ratio and a deep maximum drawdown suggests the fund has experienced periods where losses were substantial relative to the volatility endured. These metrics collectively describe a high-risk profile with limited downside protection in the observed periods.

AI-generated summary based on the data on this page.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

EZBC Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 4.45% and average daily volume is 181K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $332M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: EZBC is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

EZBC Performance History

How EZBC Compares to Other Crypto ETFs