Franklin Templeton Bitcoin ETF

Overview: The Franklin Bitcoin ETF (EZBC) is a passively managed ETF listed on Cboe BZX Exchange, launched on January 11, 2024, offering direct exposure to bitcoin’s spot price.

Investment Objective: Seeks to track the performance of bitcoin’s value using the CME CF Bitcoin Reference Rate – New York Variant, less the Trust’s expenses and liabilities.

Expense Ratio: Charges a 0.19% management fee, competitive within the spot bitcoin ETF category, with no promotional fee waivers reported.

Holdings and Custody: Holds physical bitcoin in offline cold storage, with custody managed by a regulated provider to enhance security and mitigate cyber theft risks.

Risk Profile: Highly volatile due to bitcoin’s price fluctuations; not suitable for all investors, with potential for significant or total loss, and not registered under the Investment Company Act of 1940.

Performance: As of July 2025, EZBC has $743 million in assets under management, with a 52-week price range of $28.72 to $64.85 and a year-to-date return of approximately 16.33%

Background: Franklin Templeton is one of the world's largest independent asset managers with over $1.5 trillion in AUM and 75+ years of history.

Innovation: Has been an early institutional adopter of blockchain technology, tokenizing a U.S. government money market fund on-chain.

Bitcoin ETFs: The Franklin Bitcoin ETF (EZBC) launched in January 2024 with a competitive fee of 0.19%.

Custody: Uses Coinbase Custody for Bitcoin safekeeping.

Global Reach: Operates in over 30 countries with a strong institutional client base.