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 cryptocurrency-focused fund issued by Franklin Templeton Investments. It currently holds an asset base of $332 million and trades at a price of $36.89 per share. Within the Crypto category, which contains 11 ETFs tracked by ETFValuer, the fund holds an overall rank of #447 out of 458 tracked ETFs across all categories. Investors receive an ETFValuer grade of F, reflecting a score of 30.7 out of 100. The fund carries an expense ratio of 0.19% and offers a dividend yield of 0.00%. The combination of a low asset base relative to the category size and a bottom-tier ranking suggests limited investor adoption compared to other funds in the sector.

Recent performance data shows a sharp decline over the past year, with the fund down 45.53% over the last 12 months. This long-term weakness is consistent with a 6-month return of -27.12% and a year-to-date loss of 28.93%. Shorter-term movements indicate volatility, as the fund fell 3.91% over one week and 1.60% in the last day. However, a 1-month gain of 7.05% provides a brief counterpoint to the broader downward trend observed over the last three months, which saw a 16.99% drop. Data for the 3-year period is not available. The pattern illustrates significant erosion of value over extended periods despite occasional short-term rebounds.

The fund is assigned a Very High volatility label, indicating substantial price fluctuations. This behavior is quantified by a Sharpe ratio of -1.14, which suggests that the returns generated have not compensated investors for the level of risk taken. The maximum drawdown recorded is -53.35%, highlighting the potential for severe losses during market downturns. Beta data is not provided for this fund, limiting a direct comparison of its market sensitivity to the broader index. The combination of a negative Sharpe ratio and a deep maximum drawdown implies that the fund has experienced significant downside risk without corresponding upside compensation during the measured periods.

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

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 — and average daily volume is 178K/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