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Alternatives Indexed

EZBC Franklin Bitcoin ETF

  • Simplified access. Convenient and cost-effective, lowering the barrier of entry into the crypto market.
  • Credible oversight. Offered by Franklin Templeton, a trusted partner to clients for 75 years, custodied by Coinbase and registered under the Securities Act of 1933.
  • Emerging opportunity. Exposure to an emerging asset class still early in its adoption cycle, with the potential for attractive returns for risk-tolerant investors willing to embrace volatility.

Popular Documents

  • Factsheet
  • Annual Report
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  • Prospectus
View All
NAV 1 $-1.87(-3.18%)
$56.90
As of 11/13/2025
YTD Total Returns At NAV 2
4.75%
As of 11/13/2025
Total Net Assets
$568.95M
As of 11/13/2025 (Updated Daily)

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Franklin Bitcoin ETF - EZBC

  • Overview
  • Performance
  • Portfolio
  • Pricing
  • Documents
Before you invest

For more complete information about the Fund and this offering, you should carefully read the Fund's prospectus. The Fund is not an investment company registered under the Investment Company Act of 1940 (1940 Act), and therefore is not subject to the same regulatory requirements as mutual funds or ETFs registered under the 1940 Act. The Fund is not a commodity pool for purposes of the Commodity Exchange Act (CEA) and accordingly is not subject to the regulatory protections afforded by the CEA.

Skipped to Overview Section Content

Overview

See the risks and other important information.

Fund Facts

Fund description

EZBC seeks to reflect generally the performance of the price of bitcoin before payment of the fund's expenses.

Benchmark
CME CF Bitcoin Reference Rate - New York Variant
Fund Inception Date
01/11/2024
Listing Exchange
Cboe

Expenses & Fees

Gross Sponsor Fee3
0.19%
Net Sponsor Fee3
0.19%

Identifiers

Ticker
EZBC
IOPV / IIV Ticker4
EZBC.IV
CUSIP Code
354921108
ISIN Code
US3549211080
Bloomberg Code
EZBC US

Average Annual Total Returns As of 10/31/2025

View performance section for additional info As of 10/31/2025
  • 56.71%1 Year
  • —3 Years
  • —5 Years
  • —10 Years
  • 60.42%Since Inception
    01/11/2024

Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.

Additional Fund Info

Morningstar Category
Digital Assets
Bitcoin in FundAs of 11/13/2025 (Updated Daily)
5728.63
Bitcoin per BasketAs of 11/13/2025 (Updated Daily)
28.93
Fiscal Year End
March 31
Administrator
Bank of New York Mellon
Trustee
Delaware Trust Company
Auditor
PricewaterhouseCoopers
Bitcoin Custodian
Coinbase Custody Trust Company, LLC
Marketing Agent
Franklin Distributors, LLC

Trading Characteristics

As of 11/13/2025 (Updated Daily)
Shares Outstanding
10,000,000
Daily Volume
298,870
20-Day Average Volume
223496.20

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Manager and Commentary

About the Team

Franklin Templeton Digital Assets

Franklin Templeton Digital Assets has been at the forefront of the digital asset revolution since 2018. Our dedicated and independent team is deeply immersed in cutting-edge research and highly engaged in supporting blockchain networks and platform development. We focus on creating innovative, investable products to help client portfolios tap into the evolving digital asset ecosystem.

Franklin ETF and Index Investments
Portfolio Manager Profile
Years of Experience
Manager Location

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Skipped to Performance Section Content

Performance

Average Annual Total Returns

7

As of 10/31/2025

Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Returns are based on Market Price or NAV, assume the deduction of all Fund expenses. Returns for periods of less than one year are not annualized.

Choose Month

2025

Use arrow keys to navigate calendar. Press Enter to select a date.
2025
Selected Month October 2025

Chart

Bar chart with 3 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 55.44 to 60.42.
Created with Highcharts 11.4.80102030405060701 YearSince Inception
End of interactive chart.
Franklin Bitcoin ETF - Market Price Return (%)
Month End
As of 10/31/2025
Franklin Bitcoin ETF - NAV Return (%)
Month End
As of 10/31/2025
CME CF Bitcoin Reference Rate - New York Variant (%)
Month End
As of 10/31/2025
Skipped to Portfolio Section Content

Portfolio

Assets

As of11/13/2025 (Updated Daily)

Total Net Assets
$568.95 Million

Data is currently not available for this fund.

Holdings

As of 11/13/2025 (Updated Daily)

BITCOIN
Net Current Assets
Skipped to Distributions Section Content

Distributions & Tax

Data is currently not available for this fund.

Skipped to Pricing Section Content

Pricing

Pricing History

As of 11/13/2025 (Updated Daily)

November 2025

Nov
2025
SuSundayMoMondayTuTuesdayWeWednesdayThThursdayFrFridaySaSaturday

November 2025

Nov
2025
SuSundayMoMondayTuTuesdayWeWednesdayThThursdayFrFridaySaSaturday

Chart

Line chart with 2 lines.
The chart has 1 X axis displaying Time. Data ranges from 2024-01-11 00:00:00 to 2025-11-13 00:00:00.
The chart has 1 Y axis displaying [products.performance-value]. Data ranges from 22.74 to 72.73.
Created with Highcharts 11.4.8[products.performance-value]Jul '24Jan '25Jul '25$20$30$40$50$60$70$80
NAV
Market Price
End of interactive chart.

Daily Fund Prices

As of 11/13/2025

Share Prices

As of 11/13/2025

NAV  1(Net Asset Value)
$56.90
NAV Change  1
$-1.87
NAV Change (%)  1
-3.18%
Market Price  1
$56.72
Market Price Change  1
$-2.02
Market Price Change (%)  1
-3.44%

52-Week Range

Highest NAV As of 10/06/2025
$72.73
Lowest NAV As of 04/08/2025
$44.45
Highest Market Price As of 10/06/2025
$72.69
Lowest Market Price As of 04/08/2025
$44.43

Premium / Discount

As of 11/13/2025

30-Day Median Bid/Ask Spread

The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

0.05%
Bid / Ask Spread
$0.05
Avg. of Market Price vs. NAV since Inception
0.02%
Avg. of Market Price vs. NAV at Close 5
-0.32%
Skipped to Documents Section Content

Documents

Fund Literature
Fund Literature
Name Download Add to Cart
Factsheet - Franklin Bitcoin ETFDownload Document
Flyer - Franklin Bitcoin ETFDownload Document
Flyer - Franklin Templeton Digital AssetsDownload Document
Form 8K - Franklin Bitcoin ETFDownload Document
Regulatory Documents
Regulatory Documents
Name Download Add to Cart
Annual Report - Franklin Bitcoin ETF FundMailed hardcopies unavailable.Download Document
10Q2 - Franklin Bitcoin ETF FundDownload Document
Prospectus - Franklin Bitcoin ETFDownload Document
Franklin Bitcoin ETF FundMailed hardcopies unavailable.Download Document
Fiscal Q3 Holdings - Franklin Bitcoin ETF FundDownload Document

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Risks

This not a direct investment in bitcoin, but rather, an exchange-traded product that invests in bitcoin.

All investments involve risks, including possible loss of principal. Before you invest, for more complete information about the Fund and this offering, you should carefully read the Fund's prospectus.
The Fund is not an investment company registered under the Investment Company Act of 1940 (1940 Act), and therefore is not subject to the same regulatory requirements as mutual funds or ETFs registered under the 1940 Act. The Fund is not a commodity pool for purposes of the Commodity Exchange Act (CEA) and accordingly is not subject to the regulatory protections afforded by the CEA.

The Fund holds only bitcoin and cash and is not suitable for all investors. The Fund is not a diversified investment and, therefore, is expected to be more volatile than other investments, such as an investment in a more broadly diversified portfolio. An investment in the Fund is not intended as a complete investment plan.

An investment in the Fund is subject to market risk with respect to the digital asset markets. The trading price of the bitcoin held by the Fund may go up and down, sometimes rapidly or unpredictably. The value of the Fund's Shares relates directly to the value of bitcoins, which has been in the past, and may continue to be, highly volatile and subject to fluctuations due to a number of factors. Extreme volatility in the future, including substantial, sustained, or rapid declines in the trading prices of bitcoin, could have a material adverse effect on the value of the Shares and the Shares could lose all or substantially all of their value.

Competitive pressures may negatively affect the ability of the Fund to garner substantial assets and achieve commercial success.

Digital assets represent a new and rapidly evolving industry, and the value of the Fund's Shares depends on the acceptance of bitcoin. Due to the unregulated nature and lack of transparency surrounding the operations of digital asset exchanges, which may experience fraud, manipulation, security failures or operational problems, as well as the wider bitcoin market, the value of bitcoin and, consequently, the value of the Shares may be adversely affected, causing losses to Shareholders.

Digital asset markets in the U.S. exist in a state of regulatory uncertainty, and adverse legislative or regulatory developments could significantly harm the value of bitcoin or the Shares, such as by banning, restricting, or imposing onerous conditions or prohibitions on the use of bitcoins, mining activity, digital wallets, the provision of services related to trading and custodying bitcoin, the operation of the Bitcoin network, or the digital asset markets generally.

The Index price used to calculate the value of the Fund's bitcoin has a limited performance history and may be volatile, adversely affecting the value of the Shares. Moreover, the Index Administrator could experience system failures or errors. Errors in the Index data, computations and/or construction may occur from time to time and may not be identified and/or corrected for a period of time or at all, which may have an adverse impact on the Fund and the Shareholders. A temporary or permanent “fork” could adversely affect the value of the Shares. Shareholders should not expect to receive the benefits of any forks or “airdrops.”

The Fund is a passive investment vehicle and is not actively managed, meaning it does not manage its portfolio to sell bitcoin at times when its price is high, or acquire bitcoin at low prices in the expectation of future price increases. Also, the Fund does not use any hedging techniques to attempt to reduce the risks of losses resulting from bitcoin price decreases. The Fund is not a leveraged product and does not utilize leverage, derivatives or similar instruments or transactions. The Fund's Shares are not interests or obligations of the Fund's Sponsor or its affiliates and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency.

The amount of bitcoin represented by each Share will decrease over the life of the Fund due to the sales of bitcoin necessary to pay the Sponsor's Fee and other Fund expenses. Without increases in the price of bitcoin sufficient to compensate for that decrease, the price of the Shares will also decline, and you will lose money on your investment in Shares.

Security threats to the Fund's account at the Bitcoin Custodian or Prime Broker could result in the halting of Fund operations and a loss of Fund assets or damage to the reputation of the Fund, each of which could result in a reduction in the value of the Shares.

If the process of creation and redemption of Creation Units encounters any unanticipated difficulties, the possibility for arbitrage transactions by Authorized Participants intended to keep the price of the Shares closely linked to the price of bitcoin may not exist and, as a result, the price of the Shares may fall or otherwise diverge from NAV.

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Important Information

Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.

You need Adobe Acrobat Reader to view and print PDF documents. Download a free version from Adobe's website.

Important data provider notices and terms available at www.franklintempletondatasources.com.

Performance data quoted represents past performance, which does not guarantee future results. 

CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges. 

All investments involve risk, including possible loss of principal. Please see each product's web page for specific details regarding investment objective, risks, performance, and other important information. Review this information carefully before you make any investment decision. Investors cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges.

Carefully consider a fund’s investment objectives, risks, charges and expenses before investing. Please view the prospectus or summary prospectus for this and other information. Read it carefully.

Franklin Templeton, its affiliated companies, and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the “promotion or marketing” of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor. 

Franklin Holdings, LLC is the Fund's Sponsor (the “Sponsor”). The Fund is a series of Franklin Templeton Digital Holdings Trust (the "Trust"). The Trust is a Delaware statutory trust that was formed on September 06, 2023. Shares of the Fund are not obligations of, and are not guaranteed by, the Sponsor or any of its subsidiaries or affiliates. The Bank of New York Mellon, or “BNYM,” is the Administrator (the “Administrator”) and Transfer Agent (the “Transfer Agent”) of the Fund. BNYM also serves as the custodian of the Fund's cash, if any. Coinbase Custody Trust Company, LLC serves as the Custodian (the “Custodian”) of the Fund's bitcoins. Delaware Trust Company, a subsidiary of the Corporation Services Company, is the sole trustee of the Trust (the “Trustee”). Franklin Distributors, LLC, an affiliate of the Sponsor, is the Fund's marketing agent (the “Marketing Agent”).

The Trust is an “emerging growth company” as defined under the federal securities laws and, as such, has elected to comply with certain reduced public company reporting requirements. See the Fund's Prospectus for additional information.

The Fund has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Fund has filed with the SEC, when available, for more complete information about the Fund and this offering. You may obtain these documents for free by visiting EDGAR on the SEC website at sec.gov or by visiting franklintempleton.com.

ETPs trade like stocks, fluctuate in market value and may trade at prices above or below their net asset value. Brokerage commissions and ETP expenses will reduce returns. ETP shares may be bought or sold throughout the day at their market price (MP), not their Net Asset Value (NAV), on a recognized national securities exchange. Shares of ETPs are tradable on secondary markets and may trade either at a premium or a discount to their NAV. The Fund issues and redeems Creation Units on a continuous basis. Creation Units are only issued or redeemed in exchange for an amount of cash determined based on the price of buying/selling the number of bitcoins published in the daily basket. No Shares are issued unless the Fund’s prime broker has allocated to the Fund’s account the corresponding amount of bitcoin. Creation Units may be created or redeemed only by Authorized Participants, who pay a transaction fee for each order to create or redeem Creation Units.  The Shares will be sold to the public at prices that will reflect the price of bitcoin and the trading price of the Shares on the Cboe BZX exchange at the time of the offer.

The Shares are neither interests in nor obligations of the Sponsor, the Trustee, the Administrator, the Transfer Agent, the Custodians, the Marketing Agent or their respective affiliates. 

Franklin Distributors, LLC serves as the distributor of Creation Units for the ETFs on an agency basis. Franklin Distributors, LLC does not maintain a secondary market in the funds' shares. 

The CME CF Bitcoin Reference Rate - New York Variant is a once-a-day benchmark index price that aggregates Bitcoin trade data from multiple USD markets operated by major cryptocurrency exchanges synchronized to the traditional US financial market close of 4 p.m. Eastern time.
Source: CF Benchmarks Ltd. CF BENCHMARKS LTD LICENSOR PRODUCT(S) IS USED UNDER LICENSE AS A SOURCE OF INFORMATION. CF BENCHMARKS LTD, ITS LICENSORS AND AGENTS HAVE NO OTHER CONNECTION TO THE FUND OR THE SPONSOR AND DO NOT SPONSOR, ENDORSE, RECOMMEND OR PROMOTE ANY PRODUCTS OR SERVICES INCLUDING AS DESCRIBED HEREIN. CF BENCHMARKS ITS LICENSORS AND AGENTS HAVE NO OBLIGATION OR LIABILITY IN CONNECTION WITH THE OFFERING AND SALE OF THE FUND. CF BENCHMARKS ITS LICENSORS AND AGENTS DO NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF ANY INDEX LICENSED TO THE FUND OR THE SPONSOR AND SHALL NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN.

Footnotes

  1. Net Asset Value (NAV) returns are based on the NAV of the ETF/ETP. The fund’s NAV represents the per-share-value and is determined by dividing the total NAV of the fund by the number of shares outstanding; Market Price returns are based upon the official closing price of the ETF’s/ETP's shares. The fund calculates the NAV per share each business day and normally coincides with the close of trading on the exchange on which they are listed, typically 4 pm ET. The fund does not calculate the NAV on days the exchange is closed for trading. These returns do not represent investors’ returns had they traded shares at other times. 

  2. Figures are aggregate total return figures, have not been annualized and represent the change in value of an investment over the period indicated.

  3. The Fund's only ordinary recurring expense is the Sponsor's annual fee applied to the NAV of the Fund. The Sponsor's annual fee accrues daily and is payable by the Fund monthly in arrears. The Fund's expenses will reduce the NAV of the Fund.

  4. Trading prices of a fund's shares in the secondary market generally differ from a fund's daily NAV and are affected by market forces such as supply and demand, economic conditions and other factors. Information regarding the intraday value of a fund’s shares, also known as the "indicative optimized portfolio value" ("IOPV"), are disseminated every 15 seconds throughout the trading day by the national securities exchange on which the fund's shares are listed or by market data vendors or other information providers. Therefore, the IOPV should not be viewed as a "real-time" update of the fund's NAV, which is computed only once a day.

  5. Premiums or discounts are the differences between the NAV and the Market Price of the Fund on a given day, generally at the time the NAV is calculated. A premium is the amount that the Fund is trading above the reported NAV, expressed as a percentage of the NAV. A discount is the amount that the Fund is trading below the reported NAV, expressed as a percentage of the NAV. The since inception premium/discount average is calculated by averaging the daily premium/discount since the inception of the fund. The daily premium/discount is the difference between the daily market price for shares of the Fund and the Fund's net asset value.

  6. Premium / Discount reflects the difference between the NAV and the Market Price of the fund, and represents the amount that the fund is trading above or below its NAV, expressed as a percentage of the NAV. 

  7. Net Asset Value (NAV) returns are based on the NAV of the ETP; Market Price returns are based upon the official closing price of the ETP's shares. Returns are average annualized total returns, except for those periods of less than one year, which are cumulative. Market Price returns are calculated using the closing price as of 4 p.m. Eastern time on each trading day (when NAV is normally determined for most Funds), and do not represent the returns you would receive if you traded shares at other times. Performance for the ETP and its benchmark index are as of the ETP's last trading day before the end of the period.

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