Data as of .
EZBC vs HODL: which tracked its coin?
Over the year, EZBC finished 0.52 of a percentage point ahead of Bitcoin and HODL 0.62 ahead.
ETFIQ Coin Capture Score: HODL scores higher
How much of what holding the coin gave did a holder of the fund keep?
A percentile among the 24 spot crypto ETPs with a full year. It is a position in a set, not a rating, and neither end of it is a recommendation. All crypto ETFs ranked by it · How it is computed
The same coin, two trusts
EZBC and HODL hold the same asset. Both are 1933 Act trusts holding Bitcoin through a custodian, so neither has a portfolio to compare: the whole of each fund is one line. Over the same days, EZBC finished 0.52 of a percentage point ahead of Bitcoin and HODL 0.62 of a percentage point ahead, so EZBC kept more of what holding the coin gave, by 0.10 of a percentage point. That gap is the fee, the custody, the creation and redemption friction and the market’s pricing of the shares, compounded into one figure.
Performance, window by window
| Window | Total return | The coin over the same days | Difference, percentage points | |||
|---|---|---|---|---|---|---|
| EZBC | HODL | EZBC | HODL | EZBC | HODL | |
| 1 month | +22.0% | +22.0% | +21.8% | +21.8% | +0.2 pts | +0.2 pts |
| 3 months | +21.5% | +21.6% | +21.5% | +21.5% | 0.0 pts | +0.1 pts |
| 6 months | +8.4% | +8.6% | +8.8% | +8.8% | −0.4 pts | −0.3 pts |
| 1 year | −32.6% | −32.5% | −33.2% | −33.2% | +0.5 pts | +0.6 pts |
| Since each listed | +65.1% | +65.2% | +66.6% | +66.6% | −1.5 pts | −1.4 pts |
| EZBC Franklin Templeton Digital Holdings Trust Shares of Franklin Bitcoin ETF Holds Bitcoin through a custodian, listed Jan 11, 2024 | HODL VanEck Bitcoin ETF Holds Bitcoin through a custodian, listed Jan 11, 2024 | |
|---|---|---|
| Sponsor | Franklin | VanEck |
| Holds | Bitcoin | Bitcoin |
| Net assets | not read | $959m, balance sheet of Jun 30, 2026 |
| Sponsor’s fee | not read | 0.20% |
| Fee waiver | none | the whole fee, until July 31, 2026, first $2.5 billion of assets |
| Staking | possible; no clear answer read | the chain has none |
| Listed | Jan 11, 2024 | Jan 11, 2024 |
| Days since listing | 974 days | 974 days |
| Days it has traded | 669 | 669 |
| Days it closed unchanged | 1 | 1 |
| Quoted | on an exchange, every trading day | on an exchange, every trading day |
| Fund returned, 1 year or since launch | −32.6% | −32.5% |
| The coin over the same days | −33.2% | −33.2% |
| Difference, percentage points | +0.5 pts | +0.6 pts |
| Fund returned since it listed | +65.1% | +65.2% |
| Difference since it listed | −1.5 pts | −1.4 pts |
| Price | $44.66 | $21.86 |
EZBC in plain words
EZBC holds Bitcoin through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the year to Sep 11, 2026, Bitcoin moved −33.2% and EZBC returned −32.6%. That leaves it 0.52 of a percentage point ahead. That difference is the fee, the custody cost, the friction of creating and redeeming shares in blocks, and whatever the market paid for the shares rather than for the coin, all of it together. It is the only figure on this page the sponsor does not publish itself. A spot trust is not a registered investment company. It files a 10-K rather than an N-PORT, and its holding is one line: the Bitcoin it custodies.
HODL in plain words
HODL holds Bitcoin through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the year to Sep 11, 2026, Bitcoin moved −33.2% and HODL returned −32.5%. That leaves it 0.62 of a percentage point ahead. HODL charges 0.20% a year and still finished 0.6% ahead of Bitcoin, which a fee cannot do on its own. On a chain with nothing to stake, a fund cannot earn its way past the asset it holds: what moved is what the market paid for the shares.
Questions people ask
- Which tracked Bitcoin more closely, EZBC or HODL?
- Over the window to Sep 11, 2026, EZBC finished 0.52 of a percentage point ahead of Bitcoin and HODL 0.62 of a percentage point ahead, so EZBC tracked it more closely, by 0.10 of a percentage point. That difference is the fee, the custody cost, the friction of creating and redeeming shares in blocks and whatever the market paid for the shares rather than for the coin, all together.
- Do EZBC or HODL pay a staking yield?
- What is the difference between EZBC and HODL?
- Both hold Bitcoin through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. EZBC is sponsored by Franklin and listed Jan 11, 2024; HODL by VanEck, listed Jan 11, 2024.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, EZBC against HODL, data as of Sep 11, 2026. https://etfiq.com/compare/crypto/EZBC-HODL Free to use with attribution; the underlying files are at Open data.