The Motley FoolT3·30mo ago
EZBC Franklin Bitcoin ETF
ETF 43.20 DelayedETF quote, holdings, sector allocation, technicals, and options analytics. Expected move IV rank history Fibonacci levels
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.
EZBC
$43.20
—
Key stats
$43.20
- 52-Week Range
- $33.50 – $61.52
- YTD
- -16.78%
- IV Rank (30D)
- 14.86
- Straddle Price
- $0.00
- P/C Vol Ratio
- 1.76
- Open
- $43.00
- Day Range
- $42.88 – $43.58
- Volume
- 124,423
- Prev Close
- $43.75
About
Franklin Bitcoin ETF (EZBC) ETF
No description available.
- Exchange
- BATS
- Inception
- 2024-01-11
- Has Options
- Yes
Fund profile
holdings as of Nov 6, 2026issuer datathrough Oct 2026flows, SEC filings
- Expense ratio
- 0.19% issuer, Nov 9, 2026
- Assets
- $402M issuer-reported, Nov 6, 2026
- Trailing yield
- —
- Average daily volume
- $6.4M 30 sessions
- Holdings
- 2 top 10 are 100.0%
- Listed
- Jan 11, 2024 Cboe BZX
- Net asset value
- $43.75 issuer, Nov 6, 2026 · closed +0.00% to NAV
- Median bid/ask spread
- 0.06% 30 days, issuer-reported
- Return on NAV, 1 year
- −26.8% issuer, through Sep 30, 2026
Cost95
Liquidity60
Scale58
Diversificationn/a
Moves with. Bitcoin (100% of its variance, beta 1.00). These factors explain 100% of its daily moves over the last year.
Fund flows
daily as of Nov 6, 2026issuer datathrough Oct 2026SEC filings- Nov 6, 2026
- −$33M latest day
- Latest 5 trading days
- −$33M
- Latest 21 trading days
- −$21M −5.2% of assets
- Year to date
- −$28M −$32M over 12 months
Each day
| Day | Net flow |
|---|---|
| Nov 6, 2026 | −$33M |
| Nov 5, 2026 | $0 |
| Nov 4, 2026 | $0 |
| Nov 3, 2026 | $0 |
| Nov 2, 2026 | $0 |
| Oct 30, 2026 | $0 |
| Oct 29, 2026 | $0 |
| Oct 28, 2026 | $0 |
| Oct 27, 2026 | $0 |
| Oct 26, 2026 | $0 |
| Oct 23, 2026 | $0 |
| Oct 22, 2026 | +$7.0M |
| Oct 21, 2026 | $0 |
| Oct 20, 2026 | $0 |
| Oct 19, 2026 | $0 |
| Oct 16, 2026 | $0 |
| Oct 15, 2026 | $0 |
| Oct 14, 2026 | $0 |
| Oct 13, 2026 | $0 |
| Oct 12, 2026 | $0 |
| Oct 9, 2026 | +$4.8M |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- Oct 2026
- $0 latest reported month
- Latest 3 months
- $0 0.0% of assets
- Latest 12 months
- —
View as a table
| Month | Net flow |
|---|---|
| Nov 2026 | $0 |
| Oct 2026 | $0 |
| Sep 2026 | $0 |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 3 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| IBITiShares Bitcoin Trust ETF | — | 0.25% | $60.7B | −27.2% | compare |
| FBTCFidelity Wise Origin Bitcoin Fund | — | 0.25% | $13.2B | −27.2% | compare |
| GBTCGrayscale Bitcoin Trust ETF | — | — | $11.3B | −28.2% | compare |
| BTCGrayscale Bitcoin Mini Trust ETF | — | — | $4.0B | −27.1% | compare |
| ARKBARK 21Shares Bitcoin ETF | — | — | $2.9B | −27.3% | compare |
The largest other funds in the Bitcoin category.
ETF Profile
holdings as of 2026-11-06
Holdings
2
AUM
$402.5M
Provider
Franklin
Inception
2024-01-11
Exchange
BATS
Data As Of
2026-11-06
Expense Ratio
0.19%
Dividend Yield
—
Distribution
—
Asset Allocation
Top Holdings
top 2 of 2 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | BITCOIN | 100.02% | Commodity | US |
| — | Net Current Assets | -0.02% | Cash/Money Market | — |
Chart
Seasonality
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -8.76% | 4.38% | -6.63% | -3.67% |
| Feb | 44.35% | -16.95% | -15.88% | 3.84% |
| Mar | 12.42% | -4.19% | -2.00% | 2.08% |
| Apr | -15.19% | 10.72% | 12.00% | 2.51% |
| May | 18.80% | 8.28% | -6.38% | 6.90% |
| Jun | -13.28% | 3.11% | -17.87% | -9.35% |
| Jul | 3.11% | 10.89% | 4.52% | 6.17% |
| Aug | -7.43% | -4.34% | 23.50% | 3.91% |
| Sep | 9.42% | 3.18% | 8.20% | 6.93% |
| Oct | 13.25% | -6.69% | -9.53% | -0.99% |
| Nov | 40.59% | -14.97% | -2.33%* | 7.76% |
| Dec | -2.52% | 2.22% | -- | -0.15% |
| Total | 109.70% | -8.86% | -18.19% | 27.55% |
* Only 3 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- 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.
Momentum Oscillators
- 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.
Volume & Volatility
- 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
SMA 20: $46.22
SMA 50: $46.70
SMA 200: $42.06
Current: $43.20
EMA 12: $45.12
EMA 26: $45.92
MACD: -0.8047 | Signal: -0.4172
BEARISH
ADX (14): 21.00
WEAK TREND
+DI: 20.70
−DI: 35.28
Momentum Oscillators
RSI (14): 36.60
NEUTRAL
Stoch %K: 6.75
Stoch %D: 16.65
Williams %R: -94.80
Volume & Volatility
BB Upper: $49.33
BB Lower: $43.10
NEUTRAL
OBV: -8,233,982
Vol SMA 20: 168,422
Vol ROC: -13.94%
ATR: $1.24
True Range: $0.87
HV 20: 35.0%
HV 30: 31.0%
HV 60: 40.5%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-11T00:00:00 – 2026-11-09T00:00:00
AI Analysis
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.
Generated
News
All EZBC news →
MarketWatchT3·32mo ago
Zacks Investment ResearchT3·32mo ago
MarketWatchT3·32mo ago
BenzingaT3·34mo ago
EZBC Options Activity & IV Rank
EZBC IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 40.8%
7-DTE IV: 43.4%
Expected Move: $0.00
7-DTE Move: $0.00
Days to Exp: 39 (2026-12-18)
Options Flow · All expiries
Call Volume: 124
Put Volume: 218
P/C Volume: 1.758
BEARISH
Call OI: 123
Put OI: 212
P/C OI: 1.724
Total OI: 335
ATM Options Pricing
ATM Call: $0.00
ATM Put: $0.00
Call %: 0.0%
Put %: 0.0%
Chain Summary
Chain Volume: 342
Chain OI: 335
Last Updated: 11/9/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
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.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
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.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- 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 →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 7th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
7%
vs own history
GEX tilt
-0.77
OI-weighted, today
Vanna tilt
+1.00
δ-sensitivity to IV
Charm tilt
-1.00
δ-decay vs time
Vanna tilt +1.00: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -1.00: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 4 ATM contracts, 0k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
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.
Risk Reversal
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.
Reading them together
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.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
No data
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
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.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)45.7MediumNov 9
IV Rank (30 DTE)14.9LowNov 9
Straddle Price (30 DTE)$0.00Nov 9
Beta Analysis
Risk Metrics
Beta: 1.5754
Alpha: -42.83%
Correlation: 0.4880
R-Squared: 23.8%
Stock Volatility: 44.4%
Market Volatility: 13.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
EZBC Institutional Ownership (13F)
Filings for 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
247.12K
SI % of Float
2.41%
Days to Cover
3.27
Short Vol Ratio
48.9%
Free Float
—
Float %
—
Short interest 2026-10-15 • Short volume 2026-11-09
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|