Franklin Templeton is a global asset manager founded in 1947, with about $1.5 trillion in AUM. Franklin entered the US spot Bitcoin ETF market with the Franklin Bitcoin ETF (EZBC) in January 2024, distributing the product through its retail and advisor networks.
EZBC launched at one of the lowest expense ratios in the cohort (0.19%) and trades on Cboe BZX. Franklin uses Coinbase Custody for spot Bitcoin custody. The product is targeted at Franklin's existing retail and advisor channels, offering regulated Bitcoin exposure as part of broader portfolio allocations.
EZBC's competitive edge is fee — at 0.19% it is among the very lowest US spot Bitcoin ETF expense ratios. Compared to BlackRock and Fidelity, Franklin operates at smaller scale and depends more on retail distribution than institutional flows.
EZBC is the Franklin Bitcoin ETF, a US spot Bitcoin ETF issued by Franklin Templeton. It launched in January 2024 and trades on Cboe BZX.
EZBC's expense ratio is 0.19%, among the lowest in the US spot Bitcoin ETF market.
Spot Bitcoin held by EZBC is custodied at Coinbase Custody Trust Company.
EZBC trades on Cboe BZX exchange.
EZBC has a lower expense ratio (0.19%) than IBIT and FBTC (0.25%) but materially smaller AUM and lower daily volume. For cost-sensitive long-term holders, EZBC is among the cheapest options.