Franklin Bitcoin ETF
EZBC
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Franklin Parkway San Mateo CA United States of America 94403
- IPO Date
- Jan 11, 2024
- CIK
- 0001992870
- Website
- franklintempleton.com
- Similar Companies
- Business
- Franklin Bitcoin ETF (EZBC) is a spot bitcoin exchange-traded fund that seeks to reflect the performance of the price of bitcoin, less the fund's expenses, before payment of such expenses. The fund holds bitcoin and cash as its primary assets, with bitcoin custodied by Coinbase Custody Trust Company, LLC; it issues and redeems shares in Creation Units based on the price of bitcoin published in the daily basket, and trades on the Cboe BZX Exchange under the ticker EZBC. Sponsored by Franklin Holdings, LLC, a subsidiary of Franklin Resources, Inc., the fund is a series of the Franklin Templeton Digital Holdings Trust, a Delaware statutory trust formed on September 6, 2023, with headquarters in San Mateo, California; key service providers include the Bank of New York Mellon as administrator and transfer agent, Delaware Trust Company as trustee, and Franklin Distributors, LLC as marketing agent. Launched on January 11, 2024, EZBC targets U.S. investors seeking exposure to bitcoin as an emerging asset class within the digital assets industry, with a sponsor fee reduced to 0.19% (waived to 0.00% until August 2, 2024, for the first $10 billion in assets). The fund provides simplified, cost-effective bitcoin exposure without direct ownership, benchmarking performance to the CME CF Bitcoin Reference Rate - New York Variant; it is not actively managed, does not use leverage or derivatives, and is not registered under the Investment Company Act of 1940 or as a commodity pool under the Commodity Exchange Act. As of recent data, the fund holds approximately 5,844 bitcoin, with 28.93 bitcoin per basket and total net assets of $536.85 million; shares outstanding stand at 9.95 million, with a 30-day median bid-ask spread of 0.04%. Recent developments include the sponsor fee reduction shortly after launch in January 2024 and expansion of Franklin Templeton's digital asset offerings, with the Franklin Ethereum ETF (EZET) introduced on July 23, 2024, and a Bitcoin-Ethereum index ETP (EZPZ) launched in late 2025, reflecting the firm's strategic growth in blockchain-based ETPs amid increasing investor interest in cryptocurrency betas. These initiatives build on Franklin Templeton's 75-year history in asset management, leveraging its global ETF platform with over $20 billion in AUM across more than 100 products following prior acquisitions like Putnam Investments. The fund operates amid ongoing U.S. regulatory developments in digital assets, maintaining a focus on secure, transparent custody and trading.