Franklin Bitcoin ETF (NYSEARCA:EZBC) Sees Strong Trading Volume – Here’s Why

Franklin Bitcoin ETF (NYSEARCA:EZBC) saw unusually-strong trading volume on Friday . Approximately 850,689 shares were traded during trading, an increase of 301% from the previous session’s volume of 211,957 shares.The stock last traded at $52.40 and had previously closed at $50.60.

Franklin Bitcoin ETF Price Performance

The business’s fifty day simple moving average is $54.47 and its two-hundred day simple moving average is $61.84.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EZBC. Virtu Financial LLC boosted its position in Franklin Bitcoin ETF by 880.1% in the 3rd quarter. Virtu Financial LLC now owns 118,284 shares of the company’s stock valued at $7,832,000 after buying an additional 106,215 shares during the period. Childress Capital Advisors LLC purchased a new stake in shares of Franklin Bitcoin ETF in the 3rd quarter valued at approximately $4,566,000. Global Retirement Partners LLC acquired a new stake in shares of Franklin Bitcoin ETF in the 2nd quarter valued at $968,000. Cetera Investment Advisers raised its holdings in Franklin Bitcoin ETF by 10.9% during the second quarter. Cetera Investment Advisers now owns 149,502 shares of the company’s stock worth $9,332,000 after purchasing an additional 14,670 shares in the last quarter. Finally, Meitav Investment House Ltd. increased its position in Franklin Bitcoin ETF by 66.6% during the second quarter. Meitav Investment House Ltd. now owns 35,285 shares of the company’s stock worth $2,202,000 after buying an additional 14,110 shares during the period.

About Franklin Bitcoin ETF

The Franklin Bitcoin ETF (EZBC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund seeks to replicate the performance of Bitcoin using a Benchmark Rate to determine its value. The fund does not directly invest in Bitcoin EZBC was launched on Jan 11, 2024 and is issued by Franklin Templeton.