Franklin Bitcoin ETF(EZBC · ETF)
ETF quote, holdings, sector allocation, technicals, and options analytics.
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
- 52-Week Range
- $33.50 – $73.16
- YTD
- -6.49%
- IV Rank (30D)
- 11.86
- Straddle Price
- $3.38
- P/C Vol Ratio
- 1.73
Franklin Bitcoin ETF (EZBC) ETF
- Exchange
- BATS
- Inception
- 2024-01-11
- Has Options
- Yes
| Month | Avg Return | Years of Data |
|---|---|---|
| Jan | -1.70% | 3 |
| Feb | +8.68% | 3 |
| Mar | -0.68% | 3 |
| Apr | +5.04% | 3 |
| May | +6.33% | 3 |
| Jun | -9.49% | 3 |
| Jul | +7.35% | 3 |
| Aug | +3.97% | 3 |
| Sep | +8.91% | 3 |
| Oct | +3.32% | 2 |
| Nov | +12.90% | 2 |
| Dec | +0.68% | 2 |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report
Executive Summary
Overall assessment: NEUTRAL (confidence level: 6/10)
Key drivers:
- Technical indicators suggest a consolidation phase, with short-term momentum indicating a potential breakout
- Options market signals show medium volatility, indicating a higher-than-usual risk environment
Primary risks:
- High beta and high volatility indicate increased market sensitivity
- Recent price action has been influenced by the broader cryptocurrency market
Investment thesis:
EZBC's recent performance is driven by its connection to the spot bitcoin ETFs. As the crypto market continues to trend upward, EZBC's technical indicators suggest a potential breakout. However, the options market signals caution with high volatility and medium-to-high risk.
Recent news sentiment impact:
The recent news headlines have been neutral, with no significant events or changes affecting the stock price. The sentiment has been aligned with the broader cryptocurrency market.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Consolidation phase
- Medium-term (1-3 months): Bullish trend
- Long-term (3-12 months): Bullish trend
Support/Resistance Levels:
- SMA 20: $37.20 (support)
- SMA 50: $37.10 (support)
- Upper Bollinger Band: $38.26 (resistance)
Momentum Signals:
- RSI interpretation: Neutral (50.35)
- MACD signal: Bearish (MACD below signal line, -0.04 / Signal: 0.06)
- Bollinger Bands position: Squeeze
Volume Analysis:
- Volume SMA 20: 95693.05 (higher-than-average volume)
- On-Balance Volume (OBV): -5746168.29 ( bearish OBV signal)
- Volume Rate of Change: -72.63% (bearish volume trend)
News & Sentiment Analysis
Recent Headlines Summary:
The recent news headlines have been neutral, with no significant events or changes affecting the stock price.
Sentiment Assessment:
Aggregate sentiment is neutral, indicating no clear bias in the news headlines.
Catalyst Identification:
- None identified from recent news headlines
- Earnings data not available
Market Narrative:
The market narrative suggests that EZBC's performance is driven by its connection to the spot bitcoin ETFs. The technical indicators suggest a potential breakout, while the options market signals caution with high volatility and medium-to-high risk.
Risk & Volatility Assessment
Beta Interpretation:
- Beta: 1.73 (high beta - more volatile than SPY)
Volatility Regime:
- Current vs historical volatility levels: Higher-than-average volatility
Options Market Signals:
- IV Rank: 28.1% (Medium)
- Current IV: 55.7%
- Expected Move: $3.60 (43 DTE), 7-DTE: $1.90
- Volume Flow: 51 calls vs 19 puts (bullish sentiment)
- Open Interest: 32 calls vs 64 puts (bearish open interest)
Downside Protection:
- Support levels: SMA 20 ($37.20) and SMA 50 ($37.10)
- Risk management considerations: Stop-loss levels at $35.60 and position sizing considerations
Market Context & Positioning
Sector Performance:
EZBC's sector is performing relatively well, with the crypto market trending upward.
Institutional Activity:
Volume patterns suggest institutional interest, with a higher-than-average volume flow.
Correlation Analysis:
The stock moves relatively strongly with the broader cryptocurrency market (R-squared interpretation).
Relative Valuation:
EZBC's position within its trading range suggests that it is currently undervalued relative to its peers.
Key Levels & Action Items
Critical Price Levels:
- SMA 20 ($37.20) and SMA 50 ($37.10) - support levels
- Upper Bollinger Band ($38.26) - resistance level
Breakout/Breakdown Levels:
- Breakout above $38.26 (Upper Bollinger Band) - potential bullish signal
- Breakdown below $35.60 - potential bearish signal
Time-Sensitive Catalysts:
- Earnings data not available
- Regulatory changes and product launches are potential catalysts, but no specific dates or events were identified.
Risk Management:
Stop-loss levels at $35.60 and position sizing considerations are recommended to manage risk.
- IV Rank (30D)
- 11.86
- IV Rank (7D)
- 11.86
- Avg IV
- 45.5%
- Straddle (30D)
- $3.38
- Straddle (7D)
- $3.38
- P/C Volume
- 1.73
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
- Beta (1Y vs SPY)
- 1.75
- Correlation (SPY)
- 49.5%
- R²
- 0.25
- Ann. Volatility
- 45.9%
- SPY Volatility
- 13.0%
High volatility - stock moves more than market
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