{"url":"https://etfiq.com/funds/ezbc/trading/","section":"funds","title":"EZBC Bid-Ask Spread, Liquidity and NAV Premium | ETFIQ","description":"EZBC trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated.","as_of":"Oct 22, 2026","structured_data":[{"@type":"Dataset","@id":"https://etfiq.com/funds/ezbc/trading/#data","name":"EZBC trading costs and liquidity","description":"EZBC trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated.","url":"https://etfiq.com/funds/ezbc/trading/","dateModified":"2026-10-22","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creditText":"ETFIQ (etfiq.com)","variableMeasured":["30-day median bid-ask spread","Premium or discount to NAV","Capacity","Active authorized participants","IQ Liquidity Score","Cost to trade by order size"],"distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/trading-score.json"}],"publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published"},{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Who is the LMM for EZBC?","acceptedAnswer":{"@type":"Answer","text":"EZBC\u2019s lead market maker (LMM) on Cboe BZX is Jane Street Capital, LLC. Lead market maker per Cboe BZX, as of Oct 23, 2026."}}]},{"@type":"InvestmentFund","@id":"https://etfiq.com/funds/ezbc#fund","name":"Franklin Templeton Digital Holdings Trust Shares of Franklin Bitcoin ETF","alternateName":"EZBC","url":"https://etfiq.com/funds/ezbc","identifier":[{"@type":"PropertyValue","propertyID":"tickerSymbol","value":"EZBC"}],"mainEntityOfPage":{"@id":"https://etfiq.com/funds/ezbc#webpage"}},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"EZBC","item":"https://etfiq.com/funds/ezbc"},{"@type":"ListItem","position":3,"name":"Trading","item":"https://etfiq.com/funds/ezbc/trading/"}]},{"@type":"WebPage","name":"EZBC Bid-Ask Spread, Liquidity and NAV Premium","description":"EZBC trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated.","url":"https://etfiq.com/funds/ezbc/trading/","dateModified":"2026-10-22","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":2546,"truncated":false,"content":"ETFIQ / EZBC / Trading \n \n As of Oct 22, 2026. Rebuilt every trading night.\n EZBC bid-ask spread and liquidity\n IQ Liquidity Score\n Not scored, 0 of 6 measured.\n A fixed 0 to 100 scale of trading conditions, the same anchors for every fund; 100 is the easiest to trade. It measures how cheaply and reliably the fund can be bought and sold, not whether to own it. How the score is built \n Cost to trade Not measured: the issuer's 30-day median spread is not read for this fund Capacity Not measured: a spot crypto fund: no volume source here yet Price fidelity Not measured: no closing premium is held for this fund Primary market Not measured: no N-CEN ETF row for CIK 0001992870 (no series id) in the quarters read (2024q4 to 2026q3) Bad-day behaviour Not measured: no daily closing premium is held for this fund Depth Not measured: needs trade and quote data (Phase 2) \n Capacity\n Not measured: a spot crypto fund: no volume source here yet.\n How to trade EZBC\n When ETF spreads are usually widest in the first minutes after the open and the last minutes before the close. ETFIQ measures this fund\u2019s own day once it has trade data. Coming with trade data\n Spread through the day, buyers against sellers, an estimate of retail flow, large trades and the closing auction\u2019s share, each once ETFIQ has trade and quote data.\n Questions people ask\n Who is the LMM for EZBC? EZBC\u2019s lead market maker (LMM) on Cboe BZX is Jane Street Capital, LLC. Lead market maker per Cboe BZX, as of Oct 23, 2026. Sources and dates\n Where to next\n EZBC fund page ETF trading costs and liquidity Limit orders vs market orders for ETFs Why low volume does not mean illiquid How the IQ Liquidity Score is built Compare EZBC with another fund The score measures trading conditions, not the fund. ETFIQ is an independent publisher, not an adviser, and makes no recommendations. Standards and sources \n Cite this page. ETFIQ, EZBC trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/ezbc/trading/ Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, EZBC trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/ezbc/trading/ APA ETFIQ. (Oct 22, 2026). EZBC trading: cost, capacity, premium and dealers. Retrieved from https://etfiq.com/funds/ezbc/trading/ Markdown [EZBC trading: cost, capacity, premium and dealers (ETFIQ, Oct 22, 2026)](https://etfiq.com/funds/ezbc/trading/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, EZBC trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/ezbc/trading/"}