# Franklin Bitcoin ETF (EZBC): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ezbc for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Franklin Templeton · Asset class: Alternatives - Strategy: Thematic · Inception: 2024-01-11 The shares are intended to offer a convenient means of making an investment similar to an investment in bitcoin relative to acquiring, holding and trading bitcoin directly on a peer-to-peer or other basis or via a digital asset exchange. The shares have been designed to remove obstacles associated with the complexities and operational burdens involved in a direct investment in bitcoin by providing an investment with a value that reflects the price of the bitcoin owned by the fund at such time, less the fund’s expenses. ## Key Facts | Metric | Value | |---|---| | Price | $47.06 | | Expense Ratio | 0.19% | | Assets Under Management | $460.1M | | NAV | $46.95 | | Holdings Count | 2 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $33.50 – $67.19 | | Beta | 2.13 | ## Frequently Asked Questions ### What does EZBC invest in? The shares are intended to offer a convenient means of making an investment similar to an investment in bitcoin relative to acquiring, holding and trading bitcoin directly on a peer-to-peer or other basis or via a digital asset exchange. The shares have been designed to remove obstacles associated with the complexities and operational burdens involved in a direct investment in bitcoin by providing an investment with a value that reflects the price of the bitcoin owned by the fund at such time, less the fund’s expenses. ### What is the expense ratio of EZBC? Franklin Bitcoin ETF (EZBC) charges an expense ratio of 0.19%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is EZBC? Franklin Bitcoin ETF (EZBC) manages $460.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is EZBC actively managed or an index fund? EZBC's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was EZBC launched? Franklin Bitcoin ETF (EZBC) launched in January 2024 and is managed by Franklin Templeton. ### How has EZBC performed? EZBC's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does EZBC pay a dividend? Franklin Bitcoin ETF (EZBC) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does EZBC pay dividends? Franklin Bitcoin ETF pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is EZBC's dividend yield? EZBC's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is EZBC's next ex-dividend date? EZBC hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will EZBC's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.19% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does EZBC charge its expense ratio? The expense ratio is deducted in tiny daily slices from EZBC's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does EZBC cost more than a fund like VOO? EZBC's strategy (current expense ratio 0.19%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where EZBC sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to EZBC? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as EZBC (0.19%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ezbc - Distribution history: https://www.dividenddata.com/funds/ezbc/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ezbc/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ezbc/expenses - Peer comparison: https://www.dividenddata.com/funds/ezbc/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.