EZBC – Franklin Bitcoin ETF – ETF Investment Strategy | Morningstar

Morningstar

Strategy

The investment seeks to reflect generally the performance of the price of bitcoin before payment of the fund’s expenses. 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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
EZBC	Franklin Bitcoin ETF	ETF	Open	—	—	Jan 11, 2024	$474.43M	0.190%	—	—	−$8.50M

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