
Franklin Templeton Bitcoin ETF (EZBC) Estimated Holdings follows the underlying BTC balance attributed to EZBC in the tracked address set. Balances are added in BTC, without marking them to the ETF share price or to a dollar asset value.
Compare changes in coin quantity to assess how the estimated fund exposure evolves independently of BTC’s price. The tracked balance began at 58 BTC on January 10, 2024, and reached about 7,766 BTC on February 10, 2025; later readings should be judged against that fund-specific history rather than the absolute size of larger ETFs.
Small absolute transfers can be large percentage changes for a smaller balance. Creations, redemptions, expenses and custody settlement can all affect holdings, while address coverage may be incomplete. A holdings change is not the same measure as dollar fund flow or secondary-market share turnover.
BTC balances attributed to the fund are summed within the tracked wallet set. The result is an estimate of coin quantity, which may differ from official disclosures because of address coverage and observation timing.
A percentage change divides the BTC change by the earlier balance. The smaller that starting balance, the larger the percentage produced by the same transfer.
BTC compares the quantity of bitcoin held without price effects. Dollar values compare market exposure at a chosen price, while percentage holdings changes help compare funds with different starting sizes.