Franklin Bitcoin ETF (EZBC) Listed on CBOE BZX Exchange
Ticker: EZBC · Form: 8-K · Filed: Jan 12, 2024 · CIK: 1992870
| Field | Detail |
|---|---|
| Company | Franklin Templeton Digital Holdings Trust (EZBC) |
| Form Type | 8-K |
| Filed Date | Jan 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $10.0 billion |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: ETF-launch, cryptocurrency, listing, bitcoin
TL;DR
**Franklin Bitcoin ETF (EZBC) is officially live and trading on CBOE BZX!**
AI Summary
On January 11, 2024, Franklin Templeton Digital Holdings Trust, sponsored by Franklin Holdings, LLC, filed an 8-K to report the entry into a material definitive agreement. This filing confirms that shares of the Franklin Bitcoin ETF (trading symbol EZBC) are now registered to trade on the CBOE BZX Exchange, Inc. This matters to investors because it signals the official launch and availability of the Franklin Bitcoin ETF, providing a new, regulated avenue for investors to gain exposure to Bitcoin through a traditional brokerage account, potentially increasing demand for the underlying asset and the ETF itself.
Why It Matters
This filing confirms the Franklin Bitcoin ETF's official listing, making it accessible to a broader range of investors and potentially increasing institutional adoption of Bitcoin.
Risk Assessment
Risk Level: medium — While the listing provides regulated access, Bitcoin's inherent volatility and regulatory uncertainties still present significant risks.
Analyst Insight
A smart investor would consider adding EZBC to their portfolio for Bitcoin exposure, recognizing the regulatory approval as a positive step, but also remaining aware of the inherent volatility of cryptocurrency.
Key Players & Entities
- Franklin Templeton Digital Holdings Trust (company) — registrant of the 8-K filing
- Franklin Holdings, LLC (company) — sponsor of the Franklin Bitcoin ETF
- Franklin Bitcoin ETF (company) — the ETF whose shares are being listed
- EZBC (company) — trading symbol for the Franklin Bitcoin ETF
- CBOE BZX Exchange, Inc. (company) — the exchange where the Franklin Bitcoin ETF shares are registered to trade
- January 11, 2024 (date) — date of the earliest event reported in the 8-K
Forward-Looking Statements
- Increased trading volume for EZBC as it becomes more widely known and accessible. (EZBC) — high confidence, target: Q1 2024
- Potential for other asset managers to launch similar Bitcoin ETFs, increasing competition. (Bitcoin ETF market) — medium confidence, target: Q2 2024
FAQ
What is the exact name of the registrant as specified in its charter?
The exact name of the registrant is "FRANKLIN BITCOIN ETF A SERIES OF FRANKLIN TEMPLETON DIGITAL HOLDINGS TRUST SPONSORED BY FRANKLIN HOLDINGS, LLC".
On what date was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 11, 2024.
What is the trading symbol for the Franklin Bitcoin ETF?
The trading symbol for the Franklin Bitcoin ETF is EZBC.
On which exchange are the shares of the Franklin Bitcoin ETF registered to trade?
The shares of the Franklin Bitcoin ETF are registered to trade on the CBOE BZX Exchange, Inc.
Is Franklin Templeton Digital Holdings Trust considered an emerging growth company?
Yes, the registrant, Franklin Templeton Digital Holdings Trust, has indicated by check mark that it is an emerging growth company.
Filing Stats: 580 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-01-11 21:42:47
Key Financial Figures
- $10.0 billion — t asset value of the Fund for the first $10.0 billion of the Fund's assets. Item 9.01 Finan
Filing Documents
- ftdht8k012024.htm (8-K) — 15KB
- sponsor.htm (EX-99) — 25KB
- 0001137439-24-000233.txt ( ) — 42KB
01
Item 1.01 Entry into a Material Definitive Agreement. On January 12, 2024, Franklin Holdings, LLC (the "Sponsor"), sponsor of the Franklin Bitcoin ETF (the "Fund"), and Franklin Templeton Digital Holdings Trust (the "Trust"), on behalf of the Fund, entered into an Amended and Restated Sponsor Agreement (the "Agreement") to reflect the reduction of the Sponsor's Fee (as defined therein) from 0.29% to 0.19% annually. The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, which has been filed with this Current Report on Form 8-K as Exhibit 10.7. Additionally, for a period from January 12, 2024 through August 2, 2024, the Sponsor will waive a portion of the Sponsor's Fee so that the Sponsor's Fee after the fee waiver will be equal to 0.00% of the net asset value of the Fund for the first $10.0 billion of the Fund's assets.
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits. The following exhibit is filed herewith: Exhibit No. Description 10.7 Amended and Restated Sponsor Agreement 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FRANKLIN HOLDINGS LLC, in its capacity as sponsor of Franklin Templeton Digital Holdings Trust (registrant) By: /s/David Mann* David Mann President and Chief Executive Officer Date: January 11, 2024 *The registrant is a trust and the person is signing in his capacity as an officer of Franklin Holdings, LLC, the Sponsor of the registrant. 4